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Question:
(a) Considering the Three Era model, differentiate between data processing (DP), management information systems (MIS) and strategic information systems (SIS).
(b) "Large enterprise-wide systems, such as enterprise resource planning (ERP) and customer relationship management (CRM) applications, are being implemented by organizations to improve the efficiency and effectiveness of their operations".
Explain the difference between "efficiency" and "effectiveness".
(c) Some of the core constituents of a business strategy are: i) Mission ii) Vision iii) Goals iv) Objectives Briefly explain these terms.
(d) IS strategies can be developed with regard to two viewpoints; impact and alignment. Explain how this can be achieved.
Critically analyze Mr. Vincent’s reasoning.
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Tender Pricing : Business firms are frequently required to fix the prices of their products on a tender basis. It is more applicable to industrial products and products purchase
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