From this, answer the following.
1.0.a Research one international company from the Internet and describe their MIS strategic plan in 1-2 paragraphs.
Ans. The management information systems (MIS) literature reveals a list of parameters essential for the successful implementation of an IS planning process. Some studies stress the importance of integrating the corporate objectives of a firm into the IS planning process. Other studies discuss the importance of performing an analysis of competitors, or determining the stage of maturity a firm has reached, or the framework used for setting information technology investment priorities. Yet others state that the choice of methodology that will be utilized to develop the IS plan will be crucial to the success of that plan. The objective of this paper is to develop a holistic conceptual model that combines the above parameters into a framework that fully integrates the corporate objectives of a firm into every aspect of the planning process. Three large multi-national courier companies with regional headquarters in Singapore were studied over an eight-month period while undergoing an extensive MIS planning process. Based on these studies, a model based on general systems theory that views the IS planning process in a holistic framework firmly rooted in the view that a firm's corporate objectives must drive the entire process.
1.0.b Discuss too the impact of this strategic plan on the company's management,competitors, customers and the company as a whole.
Ans. Companies vary widely in their strategic management capabilities. Some still rely almost entirely on ‘fire-fighting’. Many others are slowly developing their capabilities but there are only a few which do give due attention to strategic issues and implement their decisions effectively. To be effective a corporate planner must assist this process of development of strategic ability and must adapt his role as the company's capability changes. In the most successful corporate planning units it is clear that this change in role is occurring, but is there not also a largely untapped market for consultants to assist companies in developing these capabilities?.
2.0.a Evaluate how can this strategic plan be applied to any local company in the Philippines.
Ans. Nestle company have a strategic plan using the MIS like they have in their web sites some wellness tips and also they have their presentation of their sales from Feb. 27 to Sept. 01.
They have their new promos NESTLÉ Ice Cream Offers Impulse Party Pack in party packages suit different sizes of parties, get-togethers, reunions, social affairs, seminars, conventions, and other gatherings.
- This strategic plan can be applied to any local company here in the Philippines .
2.0.b Discuss too the possible effect on the company.
Ans. Simply stated, if you put too many eggs in one basket, you can expose yourself to significant risk.
In financial terms, you are under-diversified: you have too much of your holdings tied to a single investment—your company's stock. Investing heavily in company stock may seem like a good thing when your company and its stock are doing well. But many companies experience fluctuations in both operational performance and stock price. Not only do you expose yourself to the risk that the stock market as a whole could flounder, but you take on a lot of company risk, the risk that an individual firm—your company—will falter or fail.
Ans. An Accounting Information System is the system of records a business keeps to maintain its accounting system. This includes the purchase, sales, and other financial processes of the business. The purpose of an AIS is to accumulate data and provide decision makers (investors, creditors, and managers) with information to make decision While this was previously a paper-based process, most modern businesses now use accounting software such as UBS, MYOB etc. Information System personnel need knowledge of database management and programming language such as C, C++, JAVA and SQL as all software is basically built from platform or database.
In an Electronic Financial Accounting system, the steps in the accounting cycle are dependent upon the system itself, which in turn are developed by programmers. For example, some systems allow direct journal posting to the various ledgers and others do not.
Accounting Information Systems provide efficient delivery of information needed to perform necessary accounting work and to assist in delivery of accurate and informative data to users, especially those who are not familiar with the accounting and financial reporting areas itself.
3.0.b Identify or list down different accounting information systems used.
Ans.General Ledger is the foundation of your accounting system. Its built-in flexibility meets both the current and future financial needs of organizations of all types and sizes. It provides a robust feature set designed to meet even the most demanding budgeting and processing needs. You can customize General Ledger by using the many tools inherent in the system, including a built-in financial report writer that provides you with a timely picture of your company's fiscal activities. General Ledger fully integrates with all ACCPAC Advantage Series modules and is the key to maximizing the efficiency and accuracy of your financial data. Advantage Series also runs through a standard Web browser, so you can design and view financial statements – anytime, anywhere – using an Internet browser.
3.0.c What are the benefits by the management, users and customers derived from these AIS?
Ans.While total quality management (TQM) has been widely applied in the management of change, and is likely to remain a priority into the next century, failure rates at times above 75 per cent give cause for concern. The study on which this paper is based has reviewed TQM as an approach to change management. Four interrelated classifications of organizational change are presented: change as structure (or "functional change"), process, values, or power distribution. Of these, it is contended, TQM adequately addresses only process change, with incidences of failure closely correlated to the application of process-based TQM techniques in change contexts characterized by structure, values or power. This study suggests that, for TQM to be applied successfully, either an approach is required which adequately addresses all types of change context (a so-called "systemic" approach), or its application needs to be restricted to those contexts where process dominates.
3.0.d Cite any threat or misuse of these AIS by a specific company. How were the threats addressed? What were the damages?
Ans.
Bacon said Hamre and the Joint Chiefs of Staff office have been looking
"aggressively" at the military's Web sites to see what information currently
is available on:
• Building plans;
• "Actual diagrams of buildings of certain military installations";
• "Lessons learned on certain military operations or programs";
• Future research and development goals; and
• "Personnel information that could perhaps provide too much information in
terms of locating people or recreating identities from information provided
on the Internet."
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