...Importance of Information Systems Information systems have proved to be an essential component for every business to grow and evolve in order to become successful. The amount of information in organizations is heavily increasing and it has become vitally important to efficiently manage and share information inside the organization. Information systems are the present and future of the ever changing business world. I will explain why it is vital for us to continue to study these systems and understand why it is important for our future. Companies have to be swift in adopting new technology in order to remain competitive in a continuously developing business environment. This is where information systems come into play. Information Systems is the back bone of today's businesses and critical part of mid-size to large businesses. The massive data and increasing volumes of data needs organized, storing, and fast effective processing for variety of purposes from decision making to risk management, from transaction processing to state-the art products. The large-scale businesses are globally distributed across the world which needs stable and reliable infrastructure and network administration and the applications which can run and handle simultaneous, real time and fast processing. The availability of technology has enabled the businesses to offer variety of services which has made Information systems as part of the businesses today. This is why it’s vital for our population...
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...MANAGEMENT INFORMATION SYSTEM 1. Management information system is an organized portfolio of a precise system for getting, processing, and giving information in anchor of the business operations and management of an organization. Types of Management system that is able to employ competitive advantage: • Transaction processing system for operational data processing that is desired, for example, to register consumer orders and to outturn invoices and payroll. • Management reporting systems competent of making reports for limited time periods, designed for managers culpable for limited functions in a firm. • Decision support system expressly designed for the support of individual and conjoint decision making. • Executive information system...
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...DOCUMENTATION Documentation plays a very important part in the healthcare delivery system. It serves as a communication tool for all health care providers to ensure that there is continuous, safe, accurate, quality healthcare for each patient. Documentation also serves as protection for nurses, in case of any claim in regard to an alleged act of negligence or malpractice. When documenting nurses should always use factual, consistent, accurate, objective and subjective to ensure the patients progress and health care can be monitored. Nurses should always provide a rationale for any decision made. Jargons should be avoided when documenting to prevent any misunderstood communication. Can you imagine a paperless hospital? A hospital that doesn't...
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...MANAGING INFORMATION A critical evaluation of the importance & impact of Information & Knowledge Management systems, with an in-depth focus on relevant organizational issues. ------------------------------------------------- Course: LSBF - Online MBA - Module: Managing Information ------------------------------------------------- Submission Date: 4th Nov 2011 Presented By: Meenakshi Srinivasan (I043470) 1. AN INTRODUCTION TO INFORMATION MANAGEMENT “Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other.” - Bill Gates, Co-Founder of Microsoft Corporation Today we are in the pinnacle of the technology age where swift technology innovations are transforming the global business landscape every second of the day. For businesses and corporations “To win it – they have to be in IT”. Information Technology (IT) has revolutionized every aspect of business and it evident in the way the world works - using high-speed Internet connections for e-mail and information gathering, portable computers connected to wireless networks, smart phones & hybrid handheld devices delivering instant connectivity and computing power to an increasingly mobile and global workforce. Information technology has become the largest component of capital investment for firms in the United States and many industrialized societies. In 2005, U.S. firms alone spent...
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...availability requirements associated with the system and, in each case, indicate the degree of importance of the requirements. Confidentiality is provided by two factors: a unique access card and a PIN that functions as a password. A user must have both of these to access the system. Confidentiality is compromised by the fact that most ATM systems connect to various banks, and the source of information cannot be guaranteed to be from a proper ATM. Also, ATMs are public, and can be accessed by the entire population, allowing things like card swipe readers to be used to attack them. The importance of confidentiality is medium to high. If it is the loss of confidence in a limited number of accounts, it is medium, because it does not stop the main functions of the organization and can be corrected. It would be high if a large number of accounts were compromised. Integrity of information at the ATM is provided by the very limited interface that the machine provides to the data stored on the back end. There is no comprehensive GUI or CLI to provide a point of attack. However, the previously mentioned public access and data exchange are threats to integrity. The importance of integrity is medium to high. The alteration of a small number of accounts does not stop the main functions of the organization and can be corrected. The alteration of many could be catastrophic. Availability of the system (and the currency or information it dispenses) is provided by having relatively...
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...Abstract This paper discusses the importance of MIS in the decision-making of commercial banks in Butembo city. The discussion starts with the review of literatures on the importance of MIS in our world today. The qualitative method of research is applied where; some bank managers were interviewed to collect data. The findings reveal that commercial banks in Butembo city are integrating technology in their daily activities. Mangers do use information systems in making every day decision at their level. Since all the banks in Butembo city are branches that does not need to make high-level strategic decisions. Therefore, the integration of MIS in high-level decision-making is done at the higher level (head office) from the information provided at the lower levels (that is branches like Butembo). However, the banks do share real-time information among branches and the head office. Introduction The history of Management Information System (MIS) starts since long. In 1968, Michael S. Scott Morton wrote a research paper in which he emphasizes the use and emergence of MIS in future. He emphasizes that the future companies will be affected by two things technology and the human comprehension and understanding of decision-making process. According to Morton (1968), it is not only about the emerging of new technologies rather how man will use the information from technology to make decisions. He predicted that in future organizational decisions will...
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...develop a new breed of highly competitive, innovative, resourceful and values-oriented graduate through quality instruction, relevant research, community based extension and sustainable production. Department Goal: The Information Technology shall provide its students with the necessary knowledge, values and skills through research – basedendeavor in order to prepare them to meet the demands and challenges of the time. Program: BACHELOR OF SCIENCE IN INFORMATION TECHNOLOGY Program Objectives: The BS Information technology program includes the study of the utilization of both hardware and software technologies involving planning, installing, customizing, operating, managing and administering, and maintaining information technology infrastructure that provides computing solutions to address the needs of an organization. The program prepares graduates to address various users’ needs involving the selection, development, application, integration and management of computing technologies within an organization Course Title: Free Elective II (Information Assurance and Security) Course Description: This course provides a broad view of information assurance and security and its major subjects: protection of information assets; access to information system; hacking legislation and industrial standards. In addition this course will serve as a guideline for students to make their course selections. Course/Year and Section: BSIT...
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...etc. One of the basic factors is the cost of its production. Cost is essential not only to fix price but also to ascertain the margin of profit. Knowledge of the cost determination is also necessary to keep a check on the cost of product/control on wastages, etc. The accounting used to study the various aspects of cost is known as cost accounting. In this lesson, you will learn about meaning, importance, limitations etc. of cost accounting. Notes OBJECTIVES After studying this lesson, you will be able to: state the meaning and scope of cost accounting; explain the objectives of cost accounting; differentiate between cost accounting and financial accounting; state importance of cost accounting; explain limitations of cost accounting. 27.1 MEANING AND SCOPE OF COST ACCOUNTING Cost accounting is the process of determining and accumulating the cost of product or activity. It is a process of accounting for the incurrence and the control of cost. It also covers classification, analysis, and interpretation of cost. In other words, it is a system of accounting, which provides the information about the ascertainment, and control of costs of products, or services. It measures the operating efficiency of the enterprise. It is an ACCOUNTANCY 95 MODULE - 6B Elementary Cost Accounting Cost Accounting : An Introduction internal aspect of the organisation. Cost Accounting is accounting for cost aimed at providing cost data, statement and reports for the...
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...NATIONAL UNIVERSITY Syllabus Department of Management Detailed Syllabus Second Year Four-Year B.B.A. (Honours) Course Effective from the Session : 2009–2010 National University Syllabus for 4 years B. B. A. Honours Course Subject : Management Second Year (Honours) |Subject Code |Subject Title |Marks |Credit | | |Business Communication and Report Writing (In English) |100 |4 | | |Computer and Information Technology |100 |4 | | |Taxation in Bangladesh |100 |4 | | |Business Statistics (In English) |100 |4 | | |Macro Economics |100 |4 | | |Human Resource Management |100 |4 | | |Viva-Voce |100 |4 | | |Total = ...
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...analysing and organisation’s human resource needs and developing plans, policies and systems to satisfy those needs. * The process involves carrying out a skills analysis of the existing workforce, carrying out manpower forecasting, and taking action to ensure that supply meets demand. This may include the development of training and retraining strategies. Human resource planning has traditionally been used by organizations to ensure that the right person is in the right job at the right time. IMPORTANCE OF HRP MODEL * Provides quality workforce One of the Importance of Human Resource Planning is that effective Human Resource Planning fulfills the organization needs for a quality workforce. Quality workforce aids in giving a company a competitive advantage over its rivals. * Reduces labor costs Another Importance of Human Resource Planning is that a proper Human Resource plan reduces labor costs substantially by maintaining a balance between demand for and supply of HR i.e. works as a cost saving device for the company. * Facilitates rise in skills Another Importance of Human Resource Planning is that it facilitates the rise in skills, abilities and potential of the workforce through training and development. Training employees helps them improve in their working capacity thus tend to develop to a quality workforce. * Effective motivation Effective motivation is another Importance of Human Resource Planning. An effective Human Resource Plan provides multiple gains...
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...hospital administrators what the goals of the company are and what is best for the company. I believe that Mrs. Singh and the hospital administrators value the importance of two different things. Mrs. Singh values the importance of correct data entry into the firm’s management information system. While, the hospital administrators seem to be placing more value on the importance of patient services. In addition, it seems Mrs. Singh does not know what motivates the employees to exert more effort. Economists would view the employees’ actions as the outcomes of maximizing personal utility (Brickley, Smith, & Zimmerman, 2009). During the retreat Mrs. Singh failed to effectively communicate to the administrators the high importance of accurately entering data. She should had stressed how incorrect data could possibly effect the aid that they receive. 2. What information would you want to analyze? I would actually choose to thoroughly analyze the data the management information system is currently asking for. I would also review past reports generated by the system and compare them. It would be highly imperative to insure that the system asked the appropriate questions in order to even produce accurate reports. Mrs. Singh can blame the employees for inputting incorrect information all day. However, if the system is flawed to begin with, the latter issue is a moot point in my opinion. 3. What actions might you recommend to increase the accuracy of the data entry...
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...of the basic factors is the cost of its production. Cost is essential not only to fix price but also to ascertain the margin of profit. Knowledge of the cost determination is also necessary to keep a check on the cost of product/control on wastages, etc. The accounting used to study the various aspects of cost is known as cost accounting. In this lesson, you will learn about meaning, importance, limitations etc. of cost accounting. OBJECTIVES After studying this lesson, you will be able to: state the meaning and scope of cost accounting; explain the objectives of cost accounting; differentiate between cost accounting and financial accounting; state importance of cost accounting; explain limitations of cost accounting. 27.1 MEANING AND SCOPE OF COST ACCOUNTING Cost accounting is the process of determining and accumulating the cost of product or activity. It is a process of accounting for the incurrence and the control of cost. It also covers classification, analysis, and interpretation of cost. In other words, it is a system of accounting, which provides the information about the ascertainment, and control of costs of products, or services. It measures the operating efficiency of the enterprise. It is an 27 COST ACCOUNTING : AN INTRODUCTIONACCOUNTANCY MODULE - 6B Notes Cost Accounting : An Introduction Elementary Cost Accounting 96 internal aspect of the organisation. Cost Accounting is accounting for cost aimed at providing cost...
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...Management Information System – LLC 3215 UNIT 1 INTRODUCTION TO INFORMATION SYSTEMS Unit Structure 1.0 1.1 1.2 1.3 1.4 Overview Learning Outcomes Introduction Information Technology and Information What is an Information System? 1.4.1 Components of an Information System 1.4.2 Functions of an Information System 1.4.3 Data versus Information 1.5 1.6 1.7 Advantages of Computerised Information Systems Information Systems and Businesses Factors affecting the Business Environment 1.7.1 Globalisation 1.7.2 Shifting from Industrial-based to Knowledge-based Economies 1.7.3 Transformation of the Enterprise 1.7.4 The Digital Firm 1.8 1.9 The Internet New Options for Businesses 1.9.1 The Networked Enterprise 1.9.2 Electronic Business, Electronic Commerce and Electronic Government 1.10 1.11 1.12 1.13 1.14 Information Systems at Different Levels of Management Management Challenges with Information Systems Activities Discussion Questions Summary Unit 1 1 Management Information System – LLC 3215 1.0 OVERVIEW Nowadays, information is considered to be a very valuable resource in organisations. It is in fact comparable to other valuable resources like money, human power and raw materials. Information is vital in our everyday life. Consider the importance of weather forecasts in Mauritius during cyclonic periods. This leads us to the concept of information being a driver for decision-making. This unit will help you understand why we need to manage...
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...IMPORTANCE OF INFORMATION TECHNOLOGY SECURITY Importance of IT Security Table of Contents Introduction .................................................................................................................................................. 2 e-commerce Trends ...................................................................................................................................... 2 Risks .............................................................................................................................................................. 4 Cost of Cybercrime........................................................................................................................................ 6 Prevention Steps ........................................................................................................................................... 7 Conclusion ................................................................................................................................................... 10 References .................................................................................................................................................. 11 1 Importance of IT Security Introduction For the business professional information technology (IT) security is of upmost importance. The reliance that companies have on information systems in conducting everyday business transactions has facilitated the need...
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...source of the issue is stemming from the lack of information to the direct employees who are inputting the information straight into the system. The hospital administrators need to monitor the employee’s direct collation to the data they are inputting into the system is in fact correct. Possibly the lack of communication resulting from the hospital administrators is an acknowledgement that the employees know of the importance of the correct data input, when in fact they are not aware of the importance and how much the organization is reliant on the information for funding and reporting. One of the biggest issues facing employee and employer relationships is the lack of communication. According to Joseph (2013), “failure to communicate effectively often leads to conflict, which can harm an organization.” If the problem is not correct by the hospital administrators, Vijay Singh may need to go the individual hospitals and have meetings directly with the individuals inputting the information. This is a means of stressing the importance and also for him to know who exactly maybe causing this issue. The information I would have to need to analyze for the organization would be the reports themselves. What information specifically is being entered incorrectly? Possibly the issue is stemming from a computer glitch in the system. The system could be missing an area where it needs to be filled in or there is a need for an update to the system...
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