Good management information system

Assignment Help Finance Basics
Reference no: EM13821870

With the implementation of business analytics, an organization will also need to implement a good information systems plan in order to collect, manage, and organize all of the data. Not only is an information system needed, but the data has to be organized in a structured way otherwise any queries will produce bad results. This could be catastrophic for an organization because managers would be making decisions based on bad data. To make sure that the query generates good reports, you need to think about how to best organize data for each of the markets you are exploring.

 Internet, research ways of optimizing data organization.

Respond to the following:

  • An organization does not have a good Management Information System (MIS) in place to help manage all of their data. What are some of the possible problems this could cause for decision makers?
  • Assume you are going to conduct some research in the field of toy making. What are some of the items for which you would want to collect data? For example: market trends in toy making, latest sales nationwide, etc. How would these pieces of data help the company to determine what toy to release for the holiday market?
  • With the implementation of an MIS for decision making, what would be some of the concerns related to ensuring that the organization can support the system? Would you control access to the system? Would there be someone to keep the data structures updated? Be sure to explain your ideas when answering these questions.
  • Why would an organization want to create an implementation plan for the integration of a MIS? Is this something that needs to be well thought out and, if so, why?

Write your initial response in 300-500 words. Apply APA standards to citation of sources.

Reference no: EM13821870

Questions Cloud

Budgeting and financial management arenas : What methods, specifically, have citizens utilized to influence and become involved in the budgeting and financial management arenas in the public sphere?
What makes the database product unique : 1. What makes the database product unique?  2. What would be required to use the database in your own Visual Basic programming?  3. Could a Visual Basic program, once written, be modified to use a different database product?
Bronfenbrenners ecological model : Bronfenbrenners Ecological Model
Effects of alcoholism and substance abuse from analysis : Prepare a paper on Effects of alcoholism and substance abuse from analysis of different novels
Good management information system : An organization does not have a good Management Information System (MIS) in place to help manage all of their data. What are some of the possible problems this could cause for decision makers?
Discuss the concept of perceived value : Discuss the concept of perceived value and its importance to consumer behaviour and marketing. Discuss the theory and then give practical examples of how customers perceive various brands and how this impacts on their behaviour.
Explain newly-developed skills as well as other learning : Explain newly-developed skills as well as other learning opportunities acquired through your university experience. Develop a plan illustrating how you plan to transfer those skills into everyday life.
About agents of socialization : Agents of Socialization
Create a spreadsheet from the data : Comparing all software used per department - Create a spreadsheet from the data

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the company theoretical stock price

The company's beta is 1.25, the required return on the market is 10.50%, and the risk-free rate is 4.50%. What is the company's theoretical stock price? (HINT: see text for calculations that require both CAPM and DDM).

  Give three reasons that the treasurer of a company might

give three reasons that the treasurer of a company might not hedge the companys exposure to a particular

  Suppose a stock is worth 30 today and in one period will

suppose a stock is worth 30 today and in one period will either be worth 10 more or 10 less. the risk free rate is 5.

  How many shares can the firm repurchase

Management is considering issuing $50,000 of debt at an interest rate of 7 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares can the firm repurchase if it issues the debt securities?

  What are internal sources of recruitment

What are internal sources of recruitment? What are the advantages and disadvantages of using this source?

  What would the npv be under each of these situations

Suppose the CFO wants yo uto do a scenario analysis with diffeent values for the cost savings, the machine's salvage value, and the net operatin gworking capital (NOWC_ requriement. She asks you to use the following probabilities and values in the..

  What was the total cost of issuing the securities

The firm's stock price increased 17 percent on the first day of trading. What was the total cost of issuing the securities?

  Explain why the npv of a relatively long-term project

explain why the npv of a relatively long-term project defined as one for which a high percentage of its cash flows are

  Estimate ace cos value per share at the end of year 2002

ace co. is to be taken over by beta ltd. at the end of year 2007. beta agrees to pay the shareholders of ace the book

  In each of the following cases calculate the nominal

in each of the following cases calculate the nominal exchange rate assuming purchasing power parity holds.a. a bottle

  Examine the expenses of the mutual funds

When you examine the expenses of the mutual funds, you will notice that this fund also has the highest expenses. Does this affect your decision to invest in this fund.

  Calculate price of the preferred stock.

The preferred stock of Ultra Corporation pays an yearly dividend of $6.30. It has a required rate of return of nine percent. Calculate the price of the preferred stock.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd