Management Information Systems Tutorial 3

The Five Competitive Forces model use Information Technology as a tool for implementing change but technology become sophisticated nowadays in today’s business world where Information Technology is seen as a factor for change. In the end, the Five Competitive Forces model cannot be considered as outdated because each company is operation in a micro-network of Buyers, Suppliers, Substitutes, New Entrants and Competitors. This idea is valid for each competition based economy. However, it is important that one cannot solely rely on Michael Porter’s model of five forces when forming a business strategy and examining business

Michael Eugene Porter is an economist, author, advisor and a researcher. He is the creator of Porter Five Forces theory, which is a framework for a business. The model “identifies and analyzes five competitive forces that shape every industry, and helps determine an industry 's weaknesses and strengths” (Investopedia LLC, 2016). The five forces are competitive rivalry, bargaining power of buyers, bargaining power of suppliers, threat of new entry, and threat of substitution. This is a very important theory which a business can strengthen their position.

A business process combines manual and automated tasks that ultimately add measurable value to a product or service. A model for business model diagram of these manual and automated processes is a picture of the business process works as is or should work in the future to be. To develop an effective application that optimally supports the business process. Business process analysis identifies bottlenecks in efficiencies disconnects and other problem areas. Developers need solution functional and non-functional requirements to develop or modifying application. A good business process implementation will increase the visibility of the company’s activities making it easy to monitor and control the critical business processes of the company. It provides management with an increased ability to identify bottlenecks, make improvements that needed and reassigned resources to meet customer demand. It also provides an increased to identify further areas of optimization that will provide customer satisfaction or lower transaction

Porter’s framework or also known as Porter's five forces model, introduced by Michael E. Porter who have well analyze and richly identifies five competitive forces that shapen every industry and able to determine an industry's strengths, weaknesses, threats and opportunities. Bargaining power of supplier, bargaining power of buyer, degree of market competitive rivalry, potential entrants and degree of substitute are the five forces of Porter’s framework.

Processes are steps that a business takes every day to reach its goals. Thus, the more efficient the processes are, the more efficient the business will be. Efficient processes can help a business maintain a competitive advantage, and can assist with lowering operations costs. Global acceptance of the internet has provided technological advancements in how software, hardware, data, and networks are implemented in businesses. For example, there are Enterprise Resource Planning (ERP) systems, Business Process Management (BPM), Document Management Systems (DMS) and advances in network management. In addition, these advances allow businesses to share information more quickly, automate processes, and reduce operation costs. Further, advances can

Kudler has created many opportunities while making change to the current way the company uses technology. Information technologies can revolutionize how organizations do business. Two aspects of such a revolution consist of: strategic information systems, and systems that support or provide for business reorganization. The first part of the chapter deals with strategic information systems, which are primarily used to seize the opportunities created by technological innovations and changing market conditions. Such systems are also used to increase competitiveness and effectiveness by solving organizational problems and by smoothing operations.

Many organizations are working with large amounts of data and important information that can be detrimental to the survival of their business, and organizations typically rely on information systems to manage and carry out their operations. Information systems can be described as an integrated set of components used for storing, collecting and processing data for providing information, digital products and knowledge (IMGI, 2006). For this paper, the strategic analysis decisions along with what we may need to watch out for pertaining URL for the IT field is discussed, along with the impact that these decisions will have on the company. Furthermore, the potential changes in IT related to innovation and organizational process is also reviewed,

How do an organization’s business processes and lines of business affect the design of its AIS? Give several examples of how differences among organizations are reflected in their AIS.

Even if the debt is publicly traded, an additional barrier is when the firm has more than one issue outstanding; these issues are rarely the same yield because no two issues are ever completely all the same.

Chapter 10 review: Porter’s Five Forces model of business strategy is the most important concept of chapter 10. Threat of substitutes, threat of entry, power of buyers, power of suppliers, and the intensity of rivalry. Disruptive technology is an important addition to Porter’s model. Threat of substitutes deals with competitive products or services that can pull away customers by offering better prices or better services. The threat of entry entails regulations or highly competitive market in a certain area of products or services. Power of buyers can mean when an organization has reached a

According to Johnson, Scholes & Whittington (2008) this model however simple, served as a very important tool to identify where power exist in a business situation. The five competitive forces are industry rivalry, the threat of substitutes for the product or services, the bargaining power of buyer, the bargaining power of suppliers and finally barriers to enter into the industry. As has been previously stated, over the last two decades information technology (IT) has transformed the way we do business hence it has become the driving force for change in how business is accomplished in this era.

1) Decision support systems that enable to develop a strategic approach to align IS or IT with an organization's business strategies 2) Primarily Enterprise resource planning solutions that integrate/link the business processes to meet the enterprise objectives for the optimization of the enterprise resources 3) Database systems with the "data mining" capabilities to make the best use of available corporate information for marketing, production, promotion and innovation. The SIS systems also facilitate identification of the data collection strategies to help optimize database marketing opportunities. 4) The real-time ISs that intend to maintain a rapid-response and the quality indicators. Any IS that a change the goals, processes, products, or environmental relationships to help an organization gain a competitive advantage or reduce a competitive disadvantage is a strategic IS (Turban, 2006). According to Porter (1985) a competitive strategy is a broad-based formula for how a business is going to compete, what its goals should be, and what plans and policies will be required to carry out those goals. Turban et al (2006) believes that any organization seeks a competitive advantage in their industries in other word an advantage over competitors in some measure such as cost, quality, or speed. Competitive advantage is at the core of a firm’s success

In contemporary systems there is a growing interdependence between a firm’s information systems and its business capabilities. Changes in strategy, rules, and business

A management information system (MIS) is focused on information that management needs in order for the job to be complete. This task becomes difficult when the major players have a tradition of high independence, are often confrontational to management, and are irreplaceable independent contractors. Many CIO 's in business organizations face exactly this situation. Such discussion has driven the software industry to focus their attention elsewhere. Specifically software designed to support the team approach which is essential to most service and customer oriented organizations. The importance of teamwork cannot be over emphasize in achieving overall organizational goals, and the need to capture and manage an organization 's knowledge base

The course, Management Information Systems is about the major impacts of modern technology on business management. It allows us to look at our history and future of computer hardware and information systems in regards to the way we conduct business. This paper will touch on topics such as technology management, technology innovations, telecommunications and internet technology, voice recognition, internet tracking, artificial intelligence, and organizational change. These topics impact the way our economy deals with business and how the advancements in technology have affected those outcomes, as well as, how we deal with implementing all the changes.