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Managing Information - Coursework Example

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Managing Information Name Institution Course Date Managing Information 1.0. Introduction Marston Tools founded in London in the year 1901 as a worldwide gallery and being strong, famous for its tourism and academic projects have attracted artists from all over…
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Download file to see previous pages It has good experience of these exhibitions throughout the year, which adds to many advantages that can be propped in the research. A meeting discussion of a written brief organized by Marston Tools due to research for success had been approached mid-April this year. This paper or business report will focus on the benefits and limitations of information systems as a tool to be applied by the Marston Tools company. An information system can be simply defined as a set of interconnected mechanism that gather, process, accumulate and dispense information to assist in making decisions in a given company or organisation. It usually contains information regarding the persons, places in addition, facilities in the organisations surrounding environment. According to Effy (2008), the components of information systems are; computer hardware and software, databases, telecommunications and human resource personnel. Information systems are of different types in respect with the kind of business or organisation. In this, case a brick and mortar business would require the following types of information systems (Effy, 2008). 2.0 Types of Information Systems 1. ...
3. Management information systems The management information system generates information on expected basis in accurate, organised and timely manner to be used by managers or the business controllers in decision making, problem solving and activity supervision as illustrated by (Effy, 2008). 4. Decision support systems This type of information system collects data from the above information systems and from external sources and produces information that assists management to prepare and draft for the upcoming (Effy, 2008). 5. Office automation systems In this type of information system, tools or electronics improve on the efficiency of the employees and reduce the amount of work in an organisations office (Effy, 2008). The advantages of information systems are several. First, as argued by (Effy, 2008) there is a significant reduction in the cost of recording and storing information. The number of staff required is lower as compared to the manual hence the cost and expenses are reduced. The storage of records and other information takes less time and space. This implies that the business allocation takes minimal space since information and data is stored in computers and its components. Easy accessibility of information is another advantage of use of the above information systems in a business or organisation. Updating and information retrieval is easy and fast when using electronic information systems as described above. Files and information is interchanged between computers hence making it possible to transfer data from one place to another. The drawbacks or disadvantages of the use of the above information systems are as follows. First, the employees lack job security because there is no certainty with the high technology growth. The growth in technology is ...Download file to see next pagesRead More
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