Sunday, April 28, 2019

Explain how the MIS ( Management Information System) function area can Essay

Explain how the MIS ( commission Information System) function area can leverage , information, data and knowledge in terms of rivalrous advantage - Essay ExampleThe dodge of rules itself can be designed in such a way that it can control the information of the production line so as to provide it with a combative advantage. The system can be used differently and this essay would revolve around the particulars of this system as to how it can help the businesses flourish in a agonistic world.Management Information System is define as a set of technologies which include hardware and software along with human elements so that the closing making process of the respective business can be made easier (Bidgoli, 2010). This clearly tells us that the system is a way through which the businesses can integrate information and present accordingly to the relevant individuals. The system is designed to simplify decisions and carry out processes through which the decisions are made quickly an d efficiently. In popular the firms are given competition in the industry through different means. Porters Five Forces allow to encounter these competitive forces as they tend to exist in the industries accordingly. These five forces revolve around products, bargaining indicant of customers and suppliers and the threat of new entrants. Management Information System takes a leap on these five forces to easement it on the business who will use the system in an efficient manner (Laudon & Laudon 2013).MIS should always be aligned with the objectives of the business so that it can be used efficiently to break down the threats of the competitive forces. Information Technology should always be constructed in a way so that the profitability of the beau monde is increased with every step that the business takes. Information technology works by the methods of numbers and the business should always identify its goals and strategies with the help of the system. The progress of the business es can be monitored with the help of information technology and this in turn would help the stakeholders decide in accordance to the

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