DBA 822 Seminars in Strategy and International Business Strategic Planning Theories A Literature Review By; Benjamin J. Shuford III 8/24/10 Introduction: Strategic planning is a broad concept that has been introduced into the main stream practices of today’s corporations. Strategic planning can be defined as an organization’s process of defining goals‚ direction‚ and decision making processes that effect the allocation of resources that include capital and people. The term “strategy” is derived
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of the SDPS: Journal of Integrated Design and Process Science 17 (2)‚ 2013‚ 59-88 DOI 10.3233/jid-2013-0009 http://www.sdpsnet.org The Evolution of Management Information Systems: A Literature Review Xiaojuan (Julia) Zhang* School of Information Management‚ Wuhan University‚ Wuhan‚ China Abstract The Management Information Systems (MISs) have been displaying considerable diversity during the evolution in the past decades. It comes such a big demand and challenge to draw an overarching
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discussion of different types of information systems. Which types of ISs can gain strategic advantage and which cannot? Why? Maximizing sales and lowering costs are two strategies in information systems that help gain strategic advantage because it helps to maximize its strength and results in a competitive advantage. 3. What should an information system achieve for an organization in order to be considered a strategic information system? An information system that takes a certain amount
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ROLE OF INFORMATION TECHNOLOGY IN BANKING SECTOR Information Technology (IT) concerns with technology that treats information. Through a microelectronics-based combination of computing and telecommunication‚ IT acquires‚ processes‚ stores and disseminates vocal‚ pictorial‚ textual and numerical information. Remarkable innovations in the field of information technology has been deciding and changing the way we live and the nature of economy. E-Commerce refers to exchange of goods and
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Corporate governance is the process in which a company controls its overall processes. It is a fine tuned method of handling the corporation like an actual country with its own laws and policies. A sovereign state with it its own customs‚ rules and regulations. These policies that is applicable from the highst to the lowest rank in office. The goal of corporate governance is the increased accountability of the company and acts as a preventative measure for any corporate disaster. A solid corporate
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Strategic Planning and Management Development Throughout the business industry the people who are most associated with the business process has found strategic planning and management development "requires constant shifting back and forth between long-run and short-run thinking" (Dess and Miller‚ 5). Planning is a business process that involves one or more people (depending on the type business) whom decide where the business ’s objectives lie and how to initially accomplish them over a period
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To answer this‚ a review of the company`s board structure and ownership structure was made. Thereafter two specific situations that has occurred in recent times was used as case examples to enlighten the agency problems suggested to emerge by the corporate structure. Ownership Structure Whinston and Segal defines ownership as a set of rights and obligations concerning assets (Thomsen and Conyon‚ 2012‚ p. 122). The ownership structure‚ naturally‚ highly affects the actions of the company. Hershey
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article “Examining Corporate Governance Policies‚” by Bitner and Dasher (2007) is a magazine article of a reputable magazine called “Commercial Lending Review.” The purpose of article is to explain the business relations of earning management to the corporate governance and the necessity of corporate governance in order to maintain business’s relationship with the management and the public. This article is very useful source for the report because it explains what the corporate governance is and relates
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MALAYSIAN CODE ON CORPORATE GOVERNANCE 2012 ii Malaysian Code on Corporate Governance 2012 Contents iii CONTENTS Foreword Corporate GovernanCe in Malaysia Corporate GovernanCe prinCiples and reCoMMendations principle 1: ESTAbLISh CLEAR ROLES AND RESPONSIbILITIES principle 2: STRENGThEN COMPOSITION principle 3: REINfORCE INDEPENDENCE principle 4: fOSTER COMMITMENT principle 5: UPhOLD INTEGRITY IN fINANCIAL REPORTING principle 6: RECOGNISE AND MANAGE RISkS v ix xiii 1-1 2-1
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Discussion 2 4. Conclusion 2 1. Introduction Given the rise of competition in the modern business industry‚ it is essential for firms to apply strategic use of information system (IS) to achieve competitive advantage (CA). In the recent years‚ top management of firms have little interest in the relationship between IS functions and corporate strategy leading to many problems because of failure in achieving strategies. According to Holsapple (2000)‚ modern organizations are increasingly seen
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