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Management is a delicate system. Each decision made by management has the potential to bring big business or keep customers away.
If you do something simple like playing theme park tycoon (or any of them) you will see that all the pieces have to fit perfectly in order for the operation to run smoothly. Each decision that is made could be a potential time bomb. It all has to balance and if something is slightly out of line it could impact your business for a long period of time.
To study business gives you the tools to make the best decisions and to react quickly to the bad ones to alleviate the damage as soon as possible.
We have a bank here where I live. It is not a tiny bank because it has branches in 3 states, but neither is it a huge conglomerate. This bank decided not to take the bailout money that was being offered. The banks that did take it are trying to give it back so fast and this one small tiny bank is waving banners saying "No Bailout Money Needed". This banner reminds its customers that they are stable and their business is growing again.
Wiki User
∙ 11y ago
Wiki User
∙ 8y agoSince the conceptual design sets the direction for the management information system (MIS). It is vital that managers participate seriously and heavily at this stage. Conceptual design is sometimes called feasibility design, gross design or high level design.
The conceptual design phase takes as input.
1. A crisp statement of a management information requirement and
2. a set of management objectives for the MIS
In the conceptual design stage that the alternative overall MIS designs are conceived and the best one is selected by the system analyst in consultation with the top management. The feasibility of meeting the management objectives for the MIS is assessed showing how the system will work at the high level is drawn. Therefore, conceptual design is also known as gross design; high level becomes the basis for the detailed MIS design.
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What are the major steps in the implementation of management information system design?
Process of imlementing management information system
What has the author N Oluvic written?
N. Oluvic has written: 'Conceptual Design of a Cybernetic Information System for Command and Control'
How would you develop a proposal to design-develop and implement a new information management system?
To develop a proposal to design, develop and implement a new information management system you will need a detail documentation that will provide a detailed information requirements.
How would you develop a proposal to design develop and implement a new information management system?
To develop a proposal to design, develop and implement a new information management system you will need a detail documentation that will provide a detailed information requirements.
Distinguish between conceptual design and detailed design which is more important?
conceptual design is presenting the basec idea and detailed design is implementing and imprving the errer in conceptual design
What has the author Don Q Matthews written?
Don Q. Matthews has written: 'The design of the management information system' -- subject(s): Management information systems
What are the advantages and disadvantages of management information system?
MIS describes computer systems designed for management needs. Unlike other information systems, MIS analyzes, strategically plans, and uses operational activities. Procedures to create such a system include design, development, and documentation.
Explain in detail the necessity and importance of system design in management information system?
The way a management information system is designed will impact its function. Designers try to ensure that their systems are robust so that they can support the continued operations of business.
What are the functions of supply chain management?
strategic function: channel design: and network strategy tactical function: warehousing design and operation : transportation management: materials management operational function information system: policies and procedures :change management
What has the author Fatemeh Zahedi written?
Fatemeh Zahedi has written: 'Quality information systems' -- subject(s): Total quality management, System design, Management information systems
What is design validation?
What is design validation in quality management system
What has the author Ronald Gordon Anderson written?
Ronald Gordon Anderson has written: 'A dictionary of management terms' -- subject(s): Management, Dictionaries 'Computer studies' -- subject(s): Study and teaching, Computer science 'Information Systems in Development and Operations' 'Development of business information systems' -- subject(s): Business, Data processing, System design, Management information systems 'Data processing and management information systems' -- subject(s): Business, Data processing, Management information systems, Computers 'Case studies in systems design' -- subject(s): Case studies, Business, Data processing, System design, Management information systems
