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Contributions of strategic management in an organization
Contribution of strategic management in organisation
Contributions of strategic management in an organization
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Peter and James Stewart are the Founders of Builders Warehouse and the Chief Executive of the company – this makes them the Strategic Managers. Since strategic planning/management will be looking at the company as a whole, the will typically be planning over a 3 to 5 year period, this can extend to 10/20 years concentrating on the companies visions (where does the company want to be in 5 years’ time), objectives (what does it want to achieve) and values (Guidelines, Core, Foundation of the company). Builders Warehouse Strategic Managers will set priorities, make sure that employees are aware of and working towards the same things and establish agreement around intended outcomes/results. Very much focussing on the future.
Builders Warehouse Strategic Managers are looking at the growth of the company through opening new stores, and growth through existing warehouse outlets. To plan for this
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Information Systems are very important to a company, they are a way in which a company can collect, store, organise and distribute data. It’s a way in which a company takes data and turns it into information which is in turn knowledge for the Company. Currently there is an issues with the information support systems in Builders Warehouse as different areas of the company have designed and implemented their own systems which is currently causing a problem with compatibility and cross organisation communication. Currently the systems are posing a real threat to the achievement of the company’s strategic objectives of growth through opening new stores, and growth through existing warehouse outlets.
Three Information systems that would support decision-making at strategic, tactical and operational level are detailed below:
ESS – Executive Support System – to plan for the long-term
MIS – Management Information System – for routine decision making
TPS – Transaction Support System - to handle the day to day activities within the company
ESS – Executive Support
Lowe’s is a home improvement warehouse that was founded in 1946 as a single store and since has grown to become the second largest in the world. As technology has evolved, Lowe’s has made many advances incorporating new systems and devices to stay competitive. The purpose of this paper is to evaluate the information technology management systems used at Lowe’s. It will look at Porter’s Five Force Model, supply chain management; data base management system, five agent-based technologies, e-commerce and system development lifecycle. Furthermore, it will look at business continuity planning, emerging trends and security vulnerabilities relates to the organization to remain competitive.
| |stores serve three primary customer groups: do-it-yourself customers who are completing projects themselves, |
The importance of a state of the art Management Information System cannot be overlooked. The system will not only allow management to better understand their department's contributions but also allow them to take the appropriate actions necessary to meet customer needs. The proposed system will ensure that Riordan Manufacturing, Inc. not only meets but consistently exceed its strategic and tactical goals within the global business community.
Chapter 13: Strategic Managers 19. Literature list 20. Enclosure Introduction. During the lesson we had the opportunity to read quickly through some of the cases. The reason why we have chosen the Home Depot case is first of all that th... ...
Strategic planning directs every movement in a business and is very essential to business performance (London 2002, pp.26-33). The strategic plan and operational plan are extracted from Best Buy Form 10K to better clarify the current situation and future direction of Best Buy.
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
Improve decision making on customers and sales orders based on the information provided by the new system.
In the business world today, technology is becoming an essential staple. Every big business relies on it one way or another. More importantly than just technology itself, the use of management information systems is what guides a company in terms of catering to its customers and knowing what moves to make next. Management information systems (MIS) can be defined is the study of people, technology, and organizations (What is MIS?). However, that is a very general definition because there is a lot more that comes out of the use of these MIS systems.
The Supply Support Activity (SSA), which is the Army’s grass root warehousing facility, is the nuts and bolts that holds together the elite fighting machine we call the United States Army. It is the place where all classes of supply are received, processed and issued to customers, it is also the place where the RL process begins. The Army has recently moved to a new and innovative warehousing platform known as the Global Combat Support System–Army (GCSS-A). GCSS-A is an Enterprise Resource Planning (ERP) system powered by SAP. This system integrates financial, maintenance, and warehouse management into one central system, whereas, in previous years these operations were separate, thus creating a disconnect between the systems in many cases.
Certain IT and IS can create effective stock control and product availability for Department Store customer. Not only that, a strategic information system can be any information system such as TPS, MIS and DSS by the use of the three or any one, Departmental Store can even gain enterprise objective, and increase competitive advantage. Firstly, the importance of information technology on Departmental Store Industry stems from the importance of data. A right data, in the right form to right setoff people at the right time, is one of the importance tools for department store.
The last decade can be marked as a period of significant changes in the business world. Being accustomed to utilize computers as a powerful tool with its office applications such as Microsoft Word and Excel. In the 1990s office workers first faced the opportunity to share information using the Internet (McNurlin, 2009). However, the situation became even more different with the transition to the third millennium. With a further development of information technologies, the majority of big enterprises had to reconstitute their business processes and to make the transition to the Internet economy. Enterprise resource planning (ERP), supply-chain management (SCM), customer relationship management (CRM) software and the variety of other information systems became essential components of the new economy. It can be expected, that all these complex solutions were designed to bring great benefits for different sides of the corporate activity, in particular, decisions made by top-managers are expected to become nearer to the ideal, customer service is to be improved and collaboration more prolific. Nevertheless, to ensure the desired results it should be taken into account that the key concept of these reorganizations is an information or a data, dealing with which can be a serious issue, and wide utilizing of the data warehouses in contemporary organizations confirms this fact.
I believe that Decision Support Systems (DSS) can be properly implemented to facilitate decision making process as is done at Amazon.com. At Amazon.com DSS are used to emphasize change, speedy response, and flexibility in decision making. Though I believe that DSS are important in decision making especially for a company like Amazon.com whose focus is in e-commerce, there are concerns that must be addressed to make the implementation of DSS more accepted and effective.
A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data.(Techopedia.com, 2017)
A management information systems helps manager make decisions by providing information from a database with little or no analysis. A decision support system (DSS), on the other hand, helps managers make decisions by analyzing data from a database and providing the results of the analysis to the manager. An MIS supports all three levels of management decision making with reports and query responses. A DSS, on the other hand, is usually best for decisions at the middle and top levels of management. As with an MIS, a DSS helps with making decision but does not actually make decision; only managers make decisions.
Curtis G. & D. Cobham (2002: 4th edition) Business Information Systems: Analysis, Design and Practice. Essex: Pearson Education Limited