Developing a strategic information base, Business Management

Assignment Help:

Information system as well allows a firm to develop a strategic information base that is able to provide information to support the firm's competitive strategies. Information in a firm's business databases has forever been a valuable asset in promoting efficient operations and effective management of a firm.

Nevertheless information about a firm's customers, operations, suppliers and competitors, as well as other economic and demographic data stored in data marts, data warehouse and other corporate databases is now viewed as a strategic resource.

Exp: - Several businesses are now using data mining and online analytical processing to help design targeted marketing campaigns to selectively sell customers new products and services. This is particularly true of firms that include several subsidiaries offering a variety of products and services.


Related Discussions:- Developing a strategic information base

What is the importance of training and education, What is the importance of...

What is the importance of training and education? Importance of Training and Education: Education and training bring workers to a standard; here they can perform industr

Presentation skills, Presentation Skills: Once an appointment is set t...

Presentation Skills: Once an appointment is set to meet up with a customer, a presentation should be made. A lot of work has previously gone into making the appointment.  O

Quality defined in a generic sense, 1) Discuss fully 7 points of TQMS withi...

1) Discuss fully 7 points of TQMS within the 14 step framework as defined by the Deming. - Please ensure you provide the pros and cons of each point you discuss 2) How is Qualit

Measuring kanban, Measuring Kanban  Two commonly cited methods of measu...

Measuring Kanban  Two commonly cited methods of measuring the performance of a manufacturing process are flow through time and work in progress inventory levels. Flow throug

The new government when establishing a suitable tax, The country of Changel...

The country of Changeland has, for many years, operated as a military dictatorship. Last year, though, a people's revolution brought a democratic election for the first time in liv

Individual business report, The purpose of this assessment is for each stud...

The purpose of this assessment is for each student to be able to accurately identify a business issue, undertake quality research to uncover both external and internal influences i

Explain the principle of employee involvement, QUESTION 1 (a) Deming st...

QUESTION 1 (a) Deming stated that management need to adopt the 14 points philosophy. You are required to identify and explain these 14 points. QUESTION 2 Identify and e

Data confidentiality, QUESTION Security Risk Management is a systematic...

QUESTION Security Risk Management is a systematic process for determining the likelihood of various security attacks and for identifying the actions needed to prevent or otherw

Mr, explain guests model of hrm

explain guests model of hrm

Illustrate the major and minor managerial decisions, Illustrate the major a...

Illustrate the major and minor managerial decisions? Major and Minor Decisions: Decision regarding financial outlay can be minor or major. A decision associated to the pu

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd