Information Systems for Management
Get informed about how information affects the daily workings of a business from a manager’s perspective.
A superb guide to the role information plays in the workplace, Information Systems for Management breaks down exactly what those in high-level positions should know about information and all the ways to utilize it. Systems accountant and regular user of business information systems Geary Reid explains how organizations must view information as a resource to be gathered, tailored, and used to the greatest benefit. This is an ideal starting point for those who are learning about business information systems and the many ways information can affect the business landscape. Perhaps most importantly, this guide clarifies exactly how organizations can use information to achieve their goals.
The need for timely information is constantly increasing. Several years ago, managers and supervisors used lag indicators to make decisions as they had to wait until employees were able to generate manual reports. Employees do their best to generate these reports, but sometimes, errors still occur, and the reports are submitted late to their supervisors. Sound management requires timely and accurate information to make strategic decisions. The use of information systems to facilitate this is of paramount importance in today’s work environment.
Many organizations have recognized the limitations in their human capital and have invested in integrated information systems. While the cost of investment may be significant, the benefits will definitely outweigh the cost over time if the information system is properly designed and implemented from inception to fruition. The integrated information system will produce many management reports, which will allow managers to analyze the organization’s performance.
Managers can either procure or build the information system to be aligned to their operation to support strategic decision-making and allow the organization to be competitive. Competition is constantly increasing, but managers should analyze the situation well and make decisions that will help the organization to continue a successful operation.
To have a better understanding of some aspects of the organization’s operation, data mining is needed. Managers will see the relations in some aspects of its operation and make the right decisions for the organization’s success. With the help of some dashboard reports and artificial intelligence, they will have important information at their fingertips, and they can make certain decisions almost immediately. Managers and supervisors are no longer restricted by their location and the time of the day to communicate, and they now have access to e-mail and cellular phones, which aid in their communication with various stakeholders.
Managing a project is very important. Management must try to deliver the project according to the project triangle as it may incur cost and time overruns. The installation of the information system should also be done in a timely manner and should be cost-effective to meet stakeholders’ expectations. However, finding suitable suppliers through the procurement process is not always easy. The process can be long, but if it is managed properly by qualified and experienced people, the desired results can be obtained.
All employees involved in the project must be ethical before, during and after the project. The management should consider environmental factors when deciding about the software and hardware. There is an increasing call to reduce greenhouse gas emissions, so the management should establish systems that help reduce the impact of climate change.
One such initiative is the installation of an integrated information system, which an organization can greatly benefit from. Maintaining the information system and hardware should be a planned recurring task.
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