Management Information System On Education -Myassignmenthelp.Com

Question: Discuss About The Management Information System On Education? Answer: Introduction A well-blended mix of business technology and strategic planning build by utilizing various means and mechanisms in order to make changes in organizational structure that will lead to business developments and advancements, this process as a whole is known as the process of the strategic information system. After the implementing of the information system, there is number of modifications experienced in the organizational structure and that aids the business entity in the execution of improved plans and business practices (Chofreh et al., 2014). Strategic planning done by a business corporation can be considered as the source of attaining competitive advantage. This form of planning aids the generic strategies of the business firm in accomplishing the targets and thus attaining a sustainable position in the competitive environment. A strategic plan also enhances the competitiveness of the business firm so as to deal and tackle with the competing brands. This strategy of the business entity has also been termed as a silent feature form the various aspects of the system information technology. This business system is also considered as an active player in the operations of an organizational structure. The below-summarized report has been focused on the concept of the strategic information system for a manufacturing firm. The below-presented report will be further made focused on Amcor that is one of the leading brand names in the manufacturing sector of Australia. The business entity is involved in producing packaging materials that are rigid and flexible for food, healthcare and tobacco industries. Strategic planners facing issues and challenges The roadmap or the track used by the stakeholders for making the business move towards the growth and success by attaining targets and goals is the process of strategic planning (Costa et al., 2016). Various criticisms are faced with the process that it is time-consuming and is also slow and have less amount of action in it. The following are some of the issues that will be tackled by the strategic planners: Lack of agreement: One of the integral aspects of the planning process is the term strategic planning. Consensus building can be considered as one of the reasons for the execution strategic planning. A well-executed strategic plan will aid the planners of Amcor in developing and enhancing the value of the process such as collaboration and communication (Eden, Sedera, and Tan, 2014). The planning process will also aid the business corporation disclosing and solving disputes, tackling and supporting the unavoidable struggle made with the political authorities. But in true sense, the term is all about the problems faced by the stakeholders that are impractical. There can also be chances of losing interest and can also feel unheard. Lack of leadership: The strategic planning is the process that lacks the support of leaders and senior authorities and this is one of the biggest reasons for the failure of this system. A smooth flow of operations will be experienced by the strategic planners and the business entity is the leader are found to be supportive of all terms (Galliers and Leidner, 2014). Moreover, their presence is also significant; their involvement at the right time with right people is also vital to the process. Ongoing leadership responsibility is also considered as one of the empirical parts of this planning process. The leaders play the role of strategic thinkers and are also proven beneficial on various grounds. There are some elements such as mission, vision, and values that aid the business entity is providing guidance to strategic thinking. Consequent alignment and strategic thinking of the actions with a clear vision for the long run has been considered as the perfect ingredient for a set of pre dictable environmental changes. This process also assists in undermining the details of the strategic plans. Issues with execution: The execution process should be executed at the right place, can also be considered as one of the biggest issues that will be faced by the business firm and also by the strategic planners (Ha and Ahn, 2014). It has been observed that the team efforts are only initiated till the development process and after that, it is thought that the work is through. But implementation process of the plan is the core concept, after which the actual work is to be executed. Information system aids in attaining competitive advantage Competitive advantage is one of the integral components which depict a stable image of the business entity in all aspects. Business Corporation can utilize the varied range of mechanisms that will assist Woolworths in sustaining and attaining a position of competitive advantage (Hunton, McEwen and Wier, 2015). The business entity will be enjoying a sustainable position in the market after earning the position of competitive advantage. A position of competitive advantage determines that the business corporation is enjoying a position where they have access over the resources and are also able to use those resources in a more effective manner as compared to the competing brands. Moreover, the business entity will be experiencing the hike in terms of rate of revenues, growth profitability and efficiency. Further, a boost in stock market valuations will also be experienced as compared to the competitors. There are various approaches that can be adopted by the business corporation and one of the best examples of the same is Michael Porters competitive forces model (Kavanagh and Johnson, 2017). The below presented are the empirical elements of the model: Traditional competitors: Old or the existing market players that are already present in the market. New market entrants: There is a wide scope of advantages with the start-ups or the new entities, such as the limitless use of old equipments can be done, high motivation level. Apart from the advantages, there are some disadvantages also that can be faced by the new entrants such as lack of expertise and little brand recognition (Kermani and Rouhani, 2014). Another advantage that the manufacturing firms have while entering the markets is that they have fewer as the expenses are less in terms of the entry to the market. Substitute for the products and services: The substitutes are considered as the threats for any of the business entity as they are considered as options that can be chosen by the consumer over the brand due to any kind of dis-satisfaction faced by them. Customers: An ease in switching to the competing brand will be bringing an increase in the rise of the power of the consumers (Kurbel, 2016). Also, the consumers can stimulate the competing firm or the business for making competition in terms of price in the marketplace. Suppliers: Diversification in the range of suppliers will enable the entity in having a greater control in terms of prices, quality and distribution systems. Approaches adopted by Amcor for developing innovative use of information system The below mentioned are the approaches that can be adopted by Amcor for developing innovative uses of information system: Locking in customers and suppliers: The mentioned approach can be considered as an empirical option through which the information system will be proven advantageous and that to in an innovative manner to the business firm. On the basis of this model, the consumers are stimulated by offering such advantages through products and services that switching over the competitors brand will be proven difficult for them (Laudonc Laudon, 2016). Amcor should develop and design attractive packages that too from environmentally friendly materials. This will stimulate them and generates a will to buy the product. Developing barriers for the new competing bands: Amcor can make use of this approach for developing and innovating such products that will be proven difficult to replicate. These products are found to be traded in some types of highly specialized markets. And by this mean the concept will be proven an innovative and beneficial option for the business firm. Moreover, the business entity will also be benefited while tacking with the competing brands as the competing brands will find adoption of this approach quite high. Minimization of the costs of the products: One of the biggest benefits that will be experienced by any of the business firms will be the reduction in the various operational and transactional expenses. The minimization of the operational and transactional costs will decrease the prices of the products as compared to their competing brands (Galliers Leidner, 2014). The information system will also ensure about the growth and survival in the competitive environment and this has been considered as an integral role played by the firm. Amcor can reduce the prices by offering discounts on bulk purchase. Management of outsourcing in Amcor For the management of outsourcing the below mentioned are the functional areas on which Amcor is required to provide focus: Management of communication: One of the prime and major necessities for completion of any of the business objective is the development of a right and appropriate communication channel. This area has also been considered as a core or an integral player for any of the business operation (Peppard Ward, 2016). The communication process is required to be considered as equally significant right from the initial step that is the negotiation stage. A consistency and regularity are also required to be adopted in the communication system. Regularity will enhance the quality of the relations between the client and the service provider and that will enable the business entity to develop better and improved products and services. Cost management: Choosing to outsource as a strategic option is due to the cost. This has been considered as the biggest reason for which the entity adopted outsourcing. A considerable amount of profit will be earned by making adoption of outsourcing (Cassidy, 2016). And hence the approach will play a dual significant role as it aids both the parties in analyzing the scope and expenses of the outsourced projects before they are signed the contract. IS adds value to the business Being a market leader in the concerned industry is the biggest try for any of the business entity and also there are some elements that are held liable for delaying the goals and achievements. And hence there will be a need for Amcor for the adoption of some strategies so as to tackle these situations and further which will lead the firm towards competitive advantage (Lpez La Paz, 2017). The below mentioned are the fundamentals through which it will be defined that the IS adds value to the business: Decision-making process is assisted: The adequacy of the strategic plans has been considered as the vital element on which the success and growth of the organization are made relied. The strategic plans are formulated by management team by using the information system which assists the entity in the decisions regarding the success and development of the firm. An information system can also be used for evaluating the data received from all the sources. Data from external sources such as references are included under this, Information storage analysis: The data are not managed manually by the business entities at the initial stages that are no registers and hard copies are maintained. Sophisticated and comprehensive databases can be utilized by Amcor by making use of information system. These databases can comprise of confidential information about the organization (Hill, Jones Schilling, 2014). Moreover, analysis, storing and updating of the data is also done by the information systems and which can be father utilized by the entity for solving the issues. Internal control strategy The business practices adopted by the firm for ensuring the attainments and the accomplishments of the pre-determined objectives can be termed as the process of an internal control strategy. The process also comprises the identification of the utilization of the available resources, in an economic manner (Pohjola 2018). Risk management, custody of the clients property and also safeguarding the same in an adequate manner are considered as some other aspects ensured by the internal control system. The following are some of the elements that are considered as vital for a good internal control system: A high level of integrity and ethical values are some of the core required components for the management staff for performing the major internal procedures. More involvement in the business practices is required of the governance committee. Inspecting and approving supporting documentation can also be done on regular basis by the board members. For overcoming the lack of segregation of duties major control procedures can be performed by the management staff. Conclusion In the limelight of the above-analyzed report, it has been concluded that the strategic information system has been considered as one of the integrated systems for any of the business organization. This system can be adopted by Amcor for bringing improvements and advancements in the delivery of the products and services. 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