Reference no: EM13942463

Business Report: You have purchased a business, which is located in a country town. There are no computers on the premises and all ordering takes place manually. The previous owner had a terrific memory and knew all of his customers by name, but unfortunately, none of this information is located anywhere on the premises. Inventory was tracked in a note pad, along with employee payroll, and marketing strategies. The business does not have a Web site, uses very little marketing except word-of-mouth, and essentially still operates the same as it did in 1952 when the business started. In order to improve and update your business you are going to implement a new information system. But information systems cost money, which is something you do not have. You apply to your local bank for a loan of $50,000 to improve business processes and bring the business into the 21st century. However the bank has asked you to support your application with a Business Report. Although you are only implementing one information system for this loan application, you will identify other information systems that will need to be implemented in your business in the future. As these are identified you will need to indicate that they are ‘outside the scope of this project or loan application'. As you navigate through the course content you will be presented with textboxes where you can enter information for your business report related to the content covered in a particular module. The information you enter within a module will be replicated here (below). You can use these textboxes to note ideas about how the concept relates to your business plan.