Information Resource Management week 1 Essay

new competitors and they will tend to copy the ideas of products and try to dominate the

Target Corporation enhance its information warehouses with latest big data that is technologically sophisticated to crunch large data using complex algorithms and provide vital output data for a daily operation as well as strengthen its capabilities over its rival which is a competitive advantage and speed up worker productivity. A quality tracking tool provided by information system tracks each package, parts ensuring the goods meet the quality standard.

Regulation placed upon the healthcare system only seek to improve safety and security of the patients we care for. The enactment of the Health Insurance Portability and Accountability Act (HIPPA) and the enactment of Meaningful Use Act the United States government has set strict regulations on the security of health information and has allotted for stricter penalties for non-compliance. The advancement of electronic health record (EHR) systems has brought greater fluidity and compliance with healthcare but has also brought greater security risk of protected information. In order to ensure compliance with government standards organizations must adapt

Hammer and Champy provide a case based on the re-engineering of Ford Motor's "Account's Payable" department.  Which of the following ideas best describes how Re-engineering helped reduce cost and effort in dealing with the problem?

Quality of work that is produced by each employee will be up to the company’s standard.

Standards are put in place to make everything work together error free. Because Stability, Consistency, Minimization of packet errors.

The result of this re-engineering initiative would be catastrophic is the directing is not managed well. Workers need a sense of direction in order to properly complete their tasks. Directing individuals gives them a sense of guidance and purpose. If the directing is not managed well, one would encounter poor work performance, deadlines not being met, budgeting conflicts, and goals not accomplished. In a sense, it would be as if one would instruct a blind man to walk a path without proper instructions. Eventually, the blind man would either fall or hit a wall. Some may see potential outcomes conversely; however, I do not. I do not see how re-engineering any business would have a positive outcome without

Reengineering differs from reorganizing, downsizing and other concepts of organizational restructuring because reengineering includes much more than reorganizing, downsizing and other named concepts of organizational restructuring. Reengineering is defined as "the systematic redesign of a business's core processes, starting with desired outcomes and establishing the most efficient possible processes to achieve the outcomes."

Firstly standardization ensure compatibility between products and their complements (other products used with them). Example- PCs with software. The economic benefits here is reducing the products

The system allows to company to modernize its strategies and processing more efficiently than its competitors

It is generally accepted that information is a vital commodity for the successful operation of today’s organizations. Nowadays modern business organizations are using computerized information systems in order to obtain such information. However as the technology advances rapidly the main issue is how can an organization should effectively use such an information system - which its management sometimes can be unpredictable - in order to effectively help the whole organization structure to improve and take the most out of it.

(TCO B) List three organizational factors that can prevent a firm from fully realizing the benefits of a new information system, and provide examples of each.

Performance standards are a very integral part in the underlying business operations of any firm. Competition, particularly from foreign entities is becoming more intense. As such, standards must be created in order for companies to maintain their competitive advantage over their peers in a particular industry. One only needs to look at the auto industry to see how a lack of standards and oversight can be a detriment to business. Many foreign firms, due to competition have entered into the auto market that was once dominated solely

Competitive advantage is explained by Mahoney and Pandian (1992) as the function of industry analysis, organizational governance and the firm’s effects in the form of resource advantages and strategies. In order for a firm to be competitive it must adapt to the volatile business environment and through strategic management decisions establish a competitive advantage that will ultimately produce superior performance relative to its competitors (Akimova 2000).

5) Reengineering Automotive Development: To stay competitive and decrease the turnaround time of the development