StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Information Managment - Assignment Example

Comments (0) Cite this document
Summary
INFORMATION MANAGEMENT Instructor Institution Date Features of Data/Information Information has various features which make it unique. These features include availability, accuracy and reliability. Accessibility is a feature of information which means that it should be accessed easily by the user…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Information Managment Assignment
Read TextPreview

Extract of sample "Information Managment"

Download file to see previous pages In additionally, timeliness of information shows that it must be timely or availed at the correct time for it to be useful. Finally, good data or information must be cost effective and, thus, affordable and also presented in the correct format.3 Sources of Information and Its Analysis Information within an organization is captured from a variety of sources with a view of enabling the management to make effective use of it for strategic planning and decision making. Reports have been presented as one of the most significant sources of information and data for organizations.4 These reports include financial reports, economic statistics, reports on market research, employee appraisal reports and company performance reports. Managers, therefore, capture information and data from these reports for informed decision making. For example, the financial reports of the company can be used to make strategic decisions on improved performance. Additionally, reports on employee appraisal are used by human resource managers to make decisions related to recruitment, promotion, motivation, training, and compensation and employee development. Other sources of information for managerial decision making include letters, memos, approvals, contracts, online sources, advertisers, the media, financial reviews, market trends, meeting agenda and discussions.5 The analysis of information within an organization is aimed at making the decision making process of managers as easy as possible. Statistical data are often analyzed through the use of statistical packages and programs such as Microsoft Excel and financial packages. These data are often presented in graphical and tabular forms so that managers are able to understand the business trends and, as a result, make informed strategic decisions on the business activities of the organization.6 Comparative analysis is the most appropriate method in the analysis of information within an organization. This method enables the management to compare the performance of the organization with the previous financial periods. Additionally, comparative analysis enables managers to be able to analyze the company in relation to its competitors and market trends.7 This causes managers to reach appropriate strategic decisions which help a company to achieve a competitive advantage within the business environment.8 The Impact of Management Information Systems Management information systems describes computer systems and applications which are designed to present management information to managers in the most effective and efficient manner. Management information systems have caused a positive impact on the decision making process of managers.9 This has been achieved through the efficiency with which managers are able to access information on various functional areas of the organization. Therefore, the management team has been enabled by these systems to understand the needs of each functional area and, thus, make decisions related to the fulfillment of these needs.10 Management information system has promoted collaboration within an or ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Information Managment Assignment Example | Topics and Well Written Essays - 1250 words”, n.d.)
Information Managment Assignment Example | Topics and Well Written Essays - 1250 words. Retrieved from https://studentshare.org/management/1452497-information-managment
(Information Managment Assignment Example | Topics and Well Written Essays - 1250 Words)
Information Managment Assignment Example | Topics and Well Written Essays - 1250 Words. https://studentshare.org/management/1452497-information-managment.
“Information Managment Assignment Example | Topics and Well Written Essays - 1250 Words”, n.d. https://studentshare.org/management/1452497-information-managment.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Information Managment Assignment

Environmental Scanning as Information Seeking

No organization can exist in isolation. It is affected by all factors that exist in its macro-environment. Organizations scan the environment in order to understand the external forces of change so that they may develop effective responses, which secure or improve their position in the future (Choo, 2001). The emphasis on the future positioning of business based on results of environmental scanning is also laid by Aguilar (1967) quoted by Wilson and Correia (1997). “Environmental scanning refers to the exposure to, and acquisition of information about events and relationships in a company outside environment, the knowledge of which would assist top-management in its task of charting the company's future course of action." En...
8 Pages(2000 words)Assignment

Information Systems Development Process

When a project has an obvious objective to be attained and the effort is very small, common sense and attention to what the client wants can be a suitable alternative to more complicated and formal methods. However, when the software system becomes more complex, the objectives are multiplied and start to depend on different configurations and circumstances, it becomes imperative to structure the development effort to avoid software development that does not answer the clients need, or does not have the requisite level of quality, or becomes impossible to forecast in terms of time and budget – or a combination of any of the preceding.

In situations of complexity in software development, structure methods seek to im...
13 Pages(3250 words)Assignment

Management Information System

At the beginning of the twentieth century, the revolution began in knowledge and information then accelerated gradually thereafter. It became now the foundation for many new services and products wherein 1974 applications pushed the limits of human ability. As an information system, research advanced so did user expectations. And the question raised is how individuals, the organization can adjust in order to leverage the delivery of information technology.

The infrastructure of the information technology (IT) affords the base for an organization to construct its information system needed to complete the work and provide the employee with all the necessary information. However, management decisions regarding IT are very...
12 Pages(3000 words)Assignment

Information Processing System of Riordan Manufacturing

Currently, financial information is not available until 20 days after the close of a financial period. The four locations all use different accounting systems and much of the data needs to be converted before being consolidated in the home office at San Jose. San Jose currently has a fully integrated Windows ERP system and it is recommended that the locations in Georgia, Michigan, and China investigate moving to a compatible system.

The sales and marketing departments have not kept pace with available information technology and the historical information on sales and marketing research is a piecemeal system that is outdated. The service request should recommend that all salespersons be put on the same sales software to...
2 Pages(500 words)Assignment

Information Engineering

...Information Engineering By Question a- Explain what is meant by an ethical analysis framework that might be used in the IT industry today. The ethical framework for IT industry is really essential. In this framework we initially access the ethical point of view and take the deep insight into the overall aspects of the ethical dilemma. Then we develop a detailed description of the case to be analyzed and check for the main facts regarding the problem. Here for the solution of the problem we have to access the pervious solutions for the better management and handling of the solution. This stage also involves the management of problem through the ethical knowledge and skills. At the present time, we have lot of ethical issues in IT. They can...
12 Pages(3000 words)Assignment

Enterprise Information Systems

Based on these findings, it is evident that this sector holds a bigger share of the world’s major economies and if substantial efforts are put in place, the sector can grow bigger providing more benefits to the economy. This essay is a critical evaluation of the impact of Enterprise systems on the future of SMEs.
Enterprise systems are the future of SMEs. These are information systems dedicated to business, with high capabilities to manage and store voluminous data in systematic and high-quality standards (Paul 2003 p 56). The systems are developed to steer the process of information processing and transmission between the various levels of management with the capability of networking various enterprises in one digital...
7 Pages(1750 words)Assignment

Principles of Information Systems and Data Management

...Running Head: INFORMATION SYSTEMS AND DATA MANAGEMENT Information systems and data management and Section # of Information systems and data management 1. Informatics is a generally newer field; it is considered to be the art, science and human dimensions of information technology (School of Informatics, Indiana University). With the increasing importance of information retention, storage and timely delivery, informatics is becoming a hot topic and research projects are being carried out all over the world. With the information technology age booming and making irreversible changes on our lifestyles, informatics is making our way of living easier and comforting. There has been immense research going...
6 Pages(1500 words)Assignment

Organizing GB's Information Services Department

...Part A 10th February 2000 All staff in Information Services Department Cc: Mike Campbell (Senior VP, IS) Jeff Butler (New VP and Director of Data Management) Subject: Introduction In context of restructuring and reorganizing GB’s Information Services Department, I am your proposed Vice President (VP) and Director of Data management. It is with great pleasure that I introduce myself, Jeff Butler, having 10 years of experience as data management consultant. In my credit, also there are number of publications related with data management. Throughout my 20 years of commitment in this sphere, I have come across many problems and difficulties faced in the information systems which have strengthened my knowledge and skill. I intend to devote...
9 Pages(2250 words)Assignment

The Work System Methods and Understanding Information Systems

...Managing Information Company Portfolio Creative Cupcakes offers a great variety of bakery items ranging from cupcakes to cookies. The eatables are produced and wrapped in London and then distributed to shops, cafes and restaurants in many regions in Europe. The company recorded great sales in 2005 that amounted to around $10 million. Question # 1 2. Models to Analyze and Identify Requirements After realizing that the company needed changes in the infrastructure and information system, some consultants were invited to review their business processes and procedures so that their prevailing issues could be identified. Some of the models that could be useful in this endeavour are discussed below: The most important thing about an information...
8 Pages(2000 words)Assignment

Radio and Television as Information Media

The nature in which people interact with each other is essential to their existence. Information is vital and people invest heavily in order to attain the amount of information. The radio offer listeners a chance to interact with the medium and suggest changes to be undertaken by a specific media house. The television, on the other hand, offers visual effect advantages to the end-users. There is a need to identify the most appropriate media. The users may choose media based on influence from the external environment. People seek information for various purposes; the information is sourced from mediums that are available.
Radio is preferred for users who opt for audio effects rather than visual the usage may range from inform...
8 Pages(2000 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Information Managment Assignment for FREE!

Contact Us