Management of Information Systems

Running Head: TYPES OF INFORMATION SYSTEMS 1

TYPES OF INFORMATION SYSTEMS 2

Types of Information Systems

Purdue University Global

MT300 Management of Information Systems

April 4, 2020

Information system and information is very vital on how business perform. The importance of information system is to provide much needed data for business to analysis on itself and other companies that are on the same industry. The fundamentals of information is to help on both business analysis life cycle and business project life cycle, human development in information and test of presence of strength and weaknesses on its operation.

In the world market where business strive to achieve its goal on competitive market, influence of climate factors such as recession, inflation, competition and unpredictable market due to political changes which hinders the companies from achieving its goal. Companies have to look on was that they will have competitive advantage over others (Torelli, 2017). One among the strategy the company acquires is adoption of information system within the company. Information system provides essential data that the company need to reduce the business workload and help on business to comply with various mandatory regulations that have set in place.

Through adoption of information system, it reduces workload on storing information on papers and manually. By adopting information system, businesses make use of highly sophisticated database that contain every information you will ever imagine about the business. The essence of information system in not only storing the business information but also analyzing it, updating information therefore provide much needed current information for company to make both current and future solutions. Furthermore, the information system can be used to transfer information from both inside and outside environmental information therefore allowing the company to make advanced decisions on the treats and opportunities it’s facing from both internal and external environment.

Information system helps on decision making. For a company to make long term decisions, the business management team uses variety of information to keep their business plan updated and formulate strategic plan on how to counter the challenges the company is facing. This information can be obtained from variety of external sources such as Reuters or Bloomberg which provide much needed financial and the state of the economy. The information on analysis and comparison trend, help the business to make quality and strategic decisions.

Information system helps on business process by developing a system that add value to the company. For instance, the business can integrate the information system with its chain of manufacturing to ensure that the product produced meet the required standards therefore eliminating unnecessary wastage. Also, information system can be used to ensure that only authorized employee accesses certain areas in order to avoid unauthorized accesses on company premises which might led the business losing its operational secrets to competitors.

Also, information system eliminates the repetitive tasks and ensuring the employees are concentrating on their area of expertise. This ensures high quality production, on time and better projecting future business plans.

On the other hand, business relies on information technology to carry out its daily functions. These functions include telecommunication, payment, and even getting loans and other financial investment. Information technology enables business to function without even have a strategic office since business can operate from home, do online advertisements, online purchases and on time delivery. Information technology enables business to place orders of materials they need on time and check online on the latest technology that facilitates doing business easier.

For example, banks are using mobile banking system instead of having physical bank branches all over. This an individual can access loans, pay loans or settle complains without being physical presences on the business premises. This put individual business miles ahead of other business on the same industry who has not embraced use of information technology therefore, offering the business better competitive advantage.

Need three pages of content.

Need three references (2 plus the textbook)

“In this Assignment, you will describe the types of information systems that you have decided to use in your business startup and briefly describe their functions and how they provide a competitive advantage.” ( From the assignment)

The purpose of the assignment is to apply what you have learned to your startup company.

What types of information systems are you using? What functional areas? Are you using an ERP, EAI, or stand alone? How are they integrated? How are you gaining a competitive advantage?

Reference

Torelli, P. (2017). International economics: understanding the forces of globalization for managers. Business Expert Press.

Content

Analysis and critical thinking

Writing

Total 28/55