Developing a strategic information base, Business Management

Assignment Help:

Information system as well allows a firm to develop a strategic information base that is able to provide information to support the firm's competitive strategies. Information in a firm's business databases has forever been a valuable asset in promoting efficient operations and effective management of a firm.

Nevertheless information about a firm's customers, operations, suppliers and competitors, as well as other economic and demographic data stored in data marts, data warehouse and other corporate databases is now viewed as a strategic resource.

Exp: - Several businesses are now using data mining and online analytical processing to help design targeted marketing campaigns to selectively sell customers new products and services. This is particularly true of firms that include several subsidiaries offering a variety of products and services.


Related Discussions:- Developing a strategic information base

Surviving plant world, what is the possible prblems on this case study

what is the possible prblems on this case study

Define the scope of total quality management in brief, Define the scope of ...

Define the scope of total quality management in brief. Scope of TQM: Total Quality Management is a system approach to quality within all spheres of organisation. It impli

Develop a spreadsheet solution for project, Start a new workbook and develo...

Start a new workbook and develop a spreadsheet solution for Gareth's Gardens in order for him to efficiently record his garden orders and produce his customer invoices. The soluti

Explain profitability analysis models, Question 1 Intermediation is the pr...

Question 1 Intermediation is the process of linking savers of money with those who are in need of money. Explain the intermediation process of banks Question 2 Business loans

Philosophical Ethics & Business, First, think about your own upbringing and...

First, think about your own upbringing and values when faced with an ethical decision, whether it is in a business environment or not. How are your beliefs the same as or differe

Compare e-business to e-commerce, QUESTION (a) Define e-commerce from a...

QUESTION (a) Define e-commerce from a communication and a commercial perspectives. (b) Compare e-business to e-commerce. (c) Distinguish between Brick-and-mortar and Clic

Explain about the participation in management of workers, Explain about the...

Explain about the participation in management of workers. Workers’ Participation in Management: Worker’s participation into management can be in any of shape, through est

Describe the key characteristics of an erp, Question 1: (a) Describe th...

Question 1: (a) Describe the key characteristics of an ERP. (b) If some companies still maintain stand-alone software is good, then why multinational companies are implement

The use of var for capital requirement for market risk, Question 1 Identif...

Question 1 Identify and assess the different IRR measurement techniques implemented in a bank Question 2 Describe the use of VaR for capital requirement for market risk Ques

Describe the various stages of the negotiation process, Question 1: In ...

Question 1: In analysing managerial approaches to IR, one of the key concepts that need to be considered is managerial style. Discuss Fox's typology of managerial styles. Q

Write Your Message!

Captcha
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