A second point from the definition is that the purpose of information management is to assist in decision making. Information is not gathered for its own sake (although that sometimes seems to be the case), but is gathered to be used. Information management therefore works best when the conscious planning process starts not with information but with the decisions that have to be made. However, although information assists decision making, it should not determine totally what decisions are made: the scope for professional expertise, intuition and discretion remains. The third point from the definition is that information management is for the benefit of all levels of an organization.
An organisation is made up of people, material resources and information, so organisations should be considered as information systems system. This work requires numerous concepts and highlights the importance of information management as the natural support of knowledge management and organisational learning through the role of new information technology and knowledge and their role to bring forward the organisational change. Hence, it becomes necessary to highlight the importance of the process of managing information and knowledge for organisational change, a subject on which we have developed this
From a strategic viewpoint, these commodities no longer matter which gave Carr the impetus to think that, with or without IT an organisation can still be very competitive. However, a well drafted organization’s strategic and implementation processes put in place that acknowledges the correlation between a business plan and a technological framework can enable a firm to be more competitive. As once said by Michael Porter, ‘’IT (internet) is really essential now than before for companies to out-smart their competitors through strategy’’. A statement that contradicts this school of taught which says that "internet has a negative impact on business strategies by rendering them obsolete’’. The supporter of the school other school of taught Robert
A B S T R A C T: We are now living in times of global business activity and the knowledge economy. Knowledge-based resources represent the organizational Know-how is the knowledge of employees, organizational production processes, and overall knowledge of one collective. Knowledge management has long been recognized as a factor necessary for the development of business organizations. Only those managers that embrace knowledge as the most important resource can expect to be better positioned than the competition. Know-how is very important segment of overall knowledge that is deposited within the organization.
The systems also play a pivotal role in generating and integrating information assets into organizational decision-making and a knowledge building process which helps to improve value chains and operational efficiency. Other Knowledge Management technologies such as collaboration, mobile work, content management, business intelligence, business process management (BPM), and knowledge sharing are also employed within the industry. Technology plays a major role in Knowledge Management. Pemberton and Stonehouse (1999) assert that only those businesses that keep abreast with technological developments will be able to manage knowledge effectively; resulting in rapid learning and greater intelligence that will lead to the generation and sustenance of competitive advantage. If Dream Destination gains knowledge from both employees and clients and incorporate technology all ‘problems’ stated earlier will be rectified.
The purpose of this case is to understand the importance of communication in business, the structure and dynamics of communication network are central importance for the functionality of organization. This explain why communication skills is essential to all business in today’s society and also in your personal life. Understanding how many time you look at a job resume and you see that communication skills is required. Workplace communication and the type of communication skills and the various ways they have to communicate including communication network. How formal and informal communication play a big role in today’s business.
In what way could Information Systems be beneficial towards our companies’ rivalry with other competitors? Fortunately, a man named Michael Porter has figured it out for the modern world. A company must first define its organisational strategy which then in turn determines the information systems that are used. The process in which this happens relates to several components, these are by, determining the company’s structure, moving on to the competitive strategy then the value chains involved relating to the business processes which then decides the design of various information systems. With this, Porter has developed three models to comprehend each component for our use.
Once the market is separated into smaller categories, firms can launch programs of marketing in catering to the preferences of individual categories. Further, firms can choose to court all the categories of the market by differentiated marketing, to focus on other categories disregarded by other firms by tactic of niche marketing ( concentrated marketing), or focusing on very minute markets or also the individual consumers by atomized marketing. Segmentation of marketing strategy also includes two other strategies, as marketers can focus on many segments by making usage of the differentiation of product or the price – reduction tactic. If a category develops, nevertheless huge competitors can start focusing on it as
This can cause a problem, because it increases the perception in the minds of consumers that the entire product category is worth less than it used to be. Sales volume. If a company chooses to follow a premium pricing strategy, it will have to confine its selling efforts to the top tier of the market, which limits its overall sales volume. This makes it difficult for a company to pursue aggressive sales growth and premium pricing at the same time. The strategy can be followed as long as the company is expanding into new geographic regions, since it is still pursuing the top tier in these new markets.
Electronic business has increasingly become a necessary component and strong factor of business strategy and development. (Salehi, 2009) wrote “The internet has made a new competitive environment for businesses rethink certainly adapt technology to increase efficiency and effectiveness of the business processes. The method of finding and hiring the best-qualified