IBM Business Management Systems
The corporation is nicknamed as “Big Blue” since it is both an IT consultant and a multinational computer technology. The headquarters of the industry is located in Armonk, New York. Its historical background is regarded to have originated from the merging of different organizations which was aimed at automating the transactions of the routine businesses (Gilbert et al. The first IBM’s experience with computers took place between the period 1940s-1960s. They were believed to be the modest advances in the card-based systems. It uses appropriate techniques to make sure it traps all the people interested in buying machines and software for installation. The customers purchase the products and services from the industry based on their diverse needs which in turn make them hire all that they require from the corporation.
Most of the target customers whose ages range from 18-45 years. The reason is that the younger adults are more affected by technology hence they require the use of computers and software in their life. Most probably, the men form a higher percentage of customers as compared to females. For example, Walmart and Levementum Limited Liability Company. I am also facing competition from other corporations that have already implemented the MIS project plan. To handle the level of competition in the environment, I will use appropriate plans such as the Five Forces Analysis to enhance effective implementation of the project. According to Porter (2008), the Five Forces will be aimed at analyzing the level of competition when implementing the MIS project plan as well as ensuring a competitive free business market.
The first one is determining the threat which is introduced by any new entrant into the firm. Survey and Results The survey design is aimed at determining the use of Management Information System in the industries. During the survey, I will conduct a field research in different organizations that use MIS so that I can learn its importance in improving the performance of the firm, especially in the planning, control, and decision-making. The research questions for the study include: 1. What is the importance of introducing MIS in the corporations? 2. Which measures will be introduced MIS help in improving the performance, planning, and control of activities of the firm? 3. As a result, the organization will be in a position to evaluate the scenarios that will have occurred in the budget planning.
Secondly, MIS will assist the industry in the management of the cash collected in the financial department. This will occur through the use of Enterprise Resource Planning that helps in the control and planning of the activities in the firm. In managing the cash, activities such as forecasting, monitoring and controlling the flow of cash in the firm will occur. This will be done by tracking the flow of cash using the payable and receivable accounts. This will lead to a greater loss in the company (Laudon, & Laudon,2016). Implications The introduction of Management Information system in the industry will be associated with several implications. Firstly, the system will change the overall operations of the company by mainly speeding up the way activities are undertaking in the firm.
For example, the department of recording data will improve since employees will be using computers that will have been installed the system. As a result, there will be no delay in the processing of financial records as well as in the overall operations of the company. This means that all the huge sums of money that were used in purchasing of unnecessary resources will be lowered. For example, the cost of purchasing papers will be reduced since there will not be further use of papers. Consequently, paperwork in the industry will be reduced. Similarly, the cost of production in the industry will be lowered since only little amount will be spent in the production process. As asserted by Laudon, & Laudon (2016), the cost benefits of the plan will have a great impact on the customer satisfaction, initial investment, customer retention and acquisition, implementation, training, revenue, variable and the fixed cost.
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