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Leveraging on Information Systems for Effective Strategic Management - Coursework Example

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The paper "Leveraging on Information Systems for Effective Strategic Management" states that today’s business environment is dynamic. Although an unstable environment is not always a threat to the organization, it can be for those firms that do not constantly monitor the external environment…
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Download file to see previous pages Managers can concentrate on the creative elements of management such as developing strategy, looking for new opportunities and competitive advantage, and maximizing the use of the firm’s resources (Rossetti & DeZoort, 1989). As a logical outcome, no matter how hard people seem to work, the future and success of the organization are still put at high risk. Without the presence of such systems, the results of occurrences will be caused by driver’s which are beyond the manager’s control. Rossetti & DeZoort (1989) further purport that a contemporary business organization must be flexible enough to adapt to changes or be ready for impending failure.
It is crucial that management information systems form an organic part of the array of a firm’s procedures. The way in which a firm manages itself is critical. The simple adoption of information technology is not a clear assurance of success (Bruns & McFarlan, 1987). With effective systems, an enterprise will be better able to determine its strengths and improvement areas and optimize the information it has access to.
Strategic Management System. The President or the Chief Executive Chief Officer is accountable for defining the basic strategies for attaining the organization’s goals and objectives. While experience plays a crucial role in attaining this task, successful strategies must be consistent with the existing environmental conditions. An effective Strategic Management System (SMS) supplies key decision-makers with data necessary to assess the feasibility of a particular strategy, and its effectiveness (historically), given the same conditions. If a specific strategy is not capable of bringing out the expected outcomes, the SMS ought to indicate alternatives on the basis of experience (Bruns & McFarlan, 1987).
Executive Information System. Managers with the final accountability for the firm’s performance in specific areas must have dynamic, up-to-date, and accurate data about the status of their assigned area. ...Download file to see next pagesRead More
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