example of how an organization used real-time data warehousing and business intelligence applications in its turn around from a poorly performing to an industry leading organization. The case is not heavy on technical details‚ but the essence of the technology is explained. Thus‚ the case can be used for a variety of courses and in different degree programs from data warehousing to DSS/BI and from undergrad to executive. Discussion of the case can be led by using the following nn questions and exercises
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Answer 1 A1) Define Business Information System i. A combination of hardware‚ software‚ infrastructure and trained personnel organized to facilitate planning‚ control‚ coordination‚ and decision making in-an organization. ii. Systems integrating information technology‚ people and business. A2) How it is important for an organization? Explain E-mail communication Communication between organization and external business partners. More effective‚ faster and proper log system. Electronic handbooks
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really need such a radical makeover? The answer is yes. It is to remain relevant and to keep pace with the ever-changing global markets‚ customers’ expectations and needs and to remain on top of other competitions. Some may argue that if the old way was working fine‚ why tear everything down and build everything up again. This takes time‚ effort and resources. But everything can be improved and this is to increase efficiency and productivity and to minimize wastage and lost. BPR also makes businesses
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Subprime Mortgage Crisis The subprime mortgage crisis is a financial and real estate crisis that has been going on in the United States between the years 2007 and 2010. It began because of a drastic increase in mortgage delinquencies‚ foreclosures‚ failures in credit default swaps‚ saturation of the debt and real estate markets and reverse trading. All these parameters had an adverse effect on the financial markets and banks all over the world. In recent times‚ The United States witnessed a rise
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of financial statements is to provide information about the financial position‚ performance and changes in financial position of an entity that is useful to a wide range of users in making economic decisions." What is meant by saying that accounting information should be decision useful’? As stated in the AASB Framework‚ financial statements play an utmost important role to a variety of users‚ which mainly consist of the investors‚ employees‚ lenders‚ suppliers and other trade creditors‚ customers
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worldwide market leaders and faces the chance of losing their top market position. As a result their current information system (IS) has to successfully assist the firm’s expansion plans in order to guarantee a top market leader position. Currently the IS is not completely centralized and limits the speed at which Richter can expand. Obviously a significant require for information technology (IT) support exists‚ due to the organizational expansion. Currently the IT strategic plan covers a one-year
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mid-1970s that analyzed the exit process and created a framework that business decision makers could use to determine when and how to exit. For example‚ Conrad Berenson posited an exit model in 1963 that identified five categories of criteria used to evaluate a product abandonment decision: 1. Financial security‚ which entails determining if the minimum return on investment is being met for the firm; 2. Financial opportunity‚ or calculating the return on alternative uses of the firm’s resources;
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From Data to Information! Test your knowledge. 1) What are the four main purposes of information? The purpose of information is to inform‚ persuade‚ entertain and educate. Persuade: to make them believe what you’re saying. Entertain: to keep someone amused/ to keep ones attention. Educate: to be able to give someone information about a new topic. Inform: to tell people the facts. 2) What is a data type? A data type is a set of data with predefined characteristics. 3) What are four commonly
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What are the fundamental and enhancing qualitative characteristics of useful financial information? Objective of financial reporting and the capital markets The objective of general purpose financial reporting is to provide financial information about the reporting entity that is useful to existing and potential investors‚ lenders and other creditors in making decision about providing resources to the entity. Qualitative characteristics of useful information The Framework 2010 identifies
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INTRODUCTION: Information and communication technologies (ICTs) have the potential to enhance access‚ quality‚ and effectiveness in education in general and to enable the development of more and better teachers. As computer hardware becomes available to an increasing number of schools‚ more attention needs to be given to the capacity building of the key transformers in this process‚ namely‚ teachers. ICT is technology that supports activities involving information. Such activities include gathering
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