With the implementation of
business analytics, an organization will also need to implement a good
information systems plan in order to collect, manage, and organize all of the
data. Not only is an information system needed, but the data has to be organized
in a structured way otherwise any queries will produce bad results. This could
be catastrophic for an organization because managers would be making decisions
based on bad data. To make sure that the query generates good reports, you need
to think about how to best organize data for each of the markets you are
exploring.
Respond to the following:
·
An organization does not have
a good Management Information System (MIS) in place to help manage all of their
data. What are some of the possible problems this could cause for decision
makers?
·
Assume you are going to
conduct some research in the field of toy making. What are some of the items
for which you would want to collect data? For example: market trends in toy
making, latest sales nationwide, etc. How would these pieces of data help the
company to determine what toy to release for the holiday market?
·
With the implementation of an
MIS for decision making, what would be some of the concerns related to ensuring
that the organization can support the system? Would you control access to the
system? Would there be someone to keep the data structures updated? Be sure to
explain your ideas when answering these questions.
·
Why would an organization want
to create an implementation plan for the integration of a MIS? Is this
something that needs to be well thought out and, if so, why?
Write your initial response in
300–500 words. Apply APA standards to citation of sources.
