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Higher Nationals

Internal verification of assessment decisions – BTEC (RQF)


INTERNAL VERIFICATION – ASSESSMENT DECISIONS

Programme title BTEC Higher National Diploma in Computing

Assessor Internal Verifier


Unit 07: Strategic Information Systems
Unit(s)
Identifying and evaluating SIS for a chosen organization
Assignment title
Sandun kanchana Rathnayaka
Student’s name
List which assessment criteria Pass Merit Distinction
the Assessor has awarded.

INTERNAL VERIFIER CHECKLIST

Do the assessment criteria awarded match


those shown in the assignment brief? Y/N

Is the Pass/Merit/Distinction grade awarded


justified by the assessor’s comments on the Y/N
student work?
Has the work been assessed
Y/N
accurately?
Is the feedback to the student:
Give details:
• Constructive? Y/N
• Linked to relevant assessment criteria? Y/N
• Identifying opportunities for Y/N
improved performance?
• Agreeing actions? Y/N
Does the assessment decision need
Y/N
amending?

Assessor signature Date

Internal Verifier signature Date


Programme Leader signature (if required)
Date

Confirm action completed


Remedial action taken
Give details:

Assessor signature Date

Internal Verifier
Date
signature
Programme Leader
Date
signature (if required)

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 1


Higher Nationals - Summative Assignment Feedback Form
Student Name/ID Sandun Kanchana Rathnayaka / E130172

Unit Title Unit 07: Strategic Information Systems

Assignment Number 1 Assessor


07/06/2023 Date Received
Submission Date
1st submission
21/11/2023 Date Received 2nd
Re-submission Date
submission
Assessor Feedback:
LO1 Analyse the information requirements of organisations
Pass, Merit & Distinction P1 P2 M1 D1
Descripts

LO2 Discuss the types of information systems that are used within all levels of an organisation
Pass, Merit & Distinction P3 P4 M2 D2
Descripts

LO3 Demonstrate the use of an information system to produce management information


Pass, Merit & Distinction P5 P6 M3 D3
Descripts

LO4 Evaluate the effectiveness of strategic information systems


Pass, Merit & Distinction P7 M4 D4
Descripts

Grade: Assessor Signature: Date:

Resubmission Feedback:

Grade: Assessor Signature: Date:

Internal Verifier’s Comments:

Signature & Date:

* Please note that grade decisions are provisional. They are only confirmed once internal and external moderation has taken place and
grades decisions have been agreed at the assessment board.

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 2


Pearson Higher Nationals in
Computing
Unit 07: Strategic Information Systems
Assignment 01

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 3


General Guidelines

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Student Declaration

I hereby, declare that I know what plagiarism entails, namely to use another’s work and to present
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Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 5


Higher National Diploma in Computing
Assignment Brief
Student Name /ID Number Sandun Kanchana Rathnayaka /E130172

Unit Number and Title Unit 7: Strategic Information Systems

Academic Year 2021/2022

Unit Tutor

Assignment Title Identifying and evaluating SIS for a chosen organisation

Issue Date

Submission Date 21/11/2023

IV Name & Date

Submission format

Report: The submission should be in the form of an individual written report. This should
be written in a concise, formal business style using 1.5 line spacing and font size 12. You
are required to make use of headings, paragraphs and subsections as appropriate, and all
work must be supported with research and referenced. Provide in-text citations and the
reference list using Harvard referencing system. The recommended word limit is 4000
words, although you will not be penalised for exceeding the total word limit.

Unit Learning Outcomes:

LO1: Analyse the information requirements of organisations.


LO2: Discuss the types of information systems that are used within all levels of an
organisation.
LO3: Demonstrate the use of an information system to produce management
information.
LO4: Evaluate the effectiveness of strategic information systems.

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Assignment Brief and Guidance:

Scenario
The success of any organisation depends on the how data and information is captured,
processed, utilised and output. Information generated within the organisation can be
used to gain oraganisational efficiency, productivity and improved business decision
making. Modern organisations are heavily rely on use of Business information systems
to generate and disseminate desired information throughout the organisation.

Assume that you have been recruited as the associate business analyst for the
organisation and you have been asked to prepare a management report to the top
management by highlighting the importance of using information systems to generate
productive results.

The organisation could be based on your own work environment or an organisation


that you have a knowledge and understanding about.

In this report you are required present the profile of the organization indicating the
vision, mission, objectives and organizational chart.
Activity 01
• Discuss the information needs of the main functional departments of the
selected organisation and compare different processing activities that happen
within the functional departments. your answers should be supported with the
examples taken from the selected organizational context.

• Produce an Input/out diagram to represent the data and information


requirements of each functional department of the chosen organization and
evaluate integration of data and information by considering input, output and
processing activities of the organization, s departments/functions.

Activity 02

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• Identify and describe information systems that can be implemented to the
chosen organization with an explanation to the functionalities of each. You
also are required to differentiate the identified information systems between
management levels and functional areas of the organization based on their
functions and purpose. Illustrate your answer with examples.
• Discuss the information needs required at operational, tactical and strategic
level of the organization with an analysis on how the effectiveness of each
management level can be improved with the support of the information
systems suggested by you.

Activity 03

• “Availability of current, valid, accurate data and information is absolutely


important to an organization.”
Discuss the above statement with relevant to the context of the chosen
organization and critically evaluate with examples, how such information can
be used for effective decision making and forecasting in the organization.
• Demonstrate the use of an information system for management reporting
purposes and analyze the constraints that the organization may face when
gathering data and information for management reporting.

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Activity 04

• Identify and explain different models that can be applied to strategic


information systems and evaluate and justify how the chosen organization can
use strategic information systems to gain a competitive advantage in the global
market using the models identified. You are also required to evaluate how
strategic information systems can contribute to the competitiveness of
organisations. Support your answer with relevant examples, illustrations and
explanations.

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Grading Criteria Achieved Feedback

LO1: Analyse the information requirements of organisations.

P1 Discuss the information needs and requirements for the


functional departments of an organisation.

P2 Produce an input/output (I/O) diagram to represent the


data and information requirements of a functional
department.

M1 Compare and contrast different processing activities that


occur within functional departments within an organisation.
D1 Evaluate the inputs, outputs, and processing activities of
a selected organisation.

LO2: Discuss the types of information systems that are used within all levels of an organisation.

P3 Describe the function of different information systems.

P4 Discuss the information needs required at differing levels


within an organisation.

M2 Analyse the effectiveness of information systems at the


operational, tactical and strategic levels within an
organisation.
D2 Differentiate between the function and purpose of
information systems at different levels within an
organisation.
LO3: Demonstrate the use of an information system to produce management information

P5 Demonstrate the use of an information system for


management reporting purposes.

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P6 Discuss the importance of an organisation having data
and information that is current, valid, and accurate.

M3 Analyse the constraints that an organisation can face


when gathering data and information.
D3 Critique with examples, how a given organisation can use
information for effective decision-making and forecasting.

LO4: Evaluate the effectiveness of strategic information systems.

P7 Identify different models that can be applied to strategic


information systems.

M4 Justify the ways in which an organisation can obtain


competitive advantage within a global market.

D4 Evaluate how strategic information systems can


contribute to the competitiveness of organisations.

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Content

Activity 01……………………………………………………………................14

Background details of the selected organization…………………………………14

History of HSBC………………………………………………………………….14

Vision of HSBC………………………………………………………………….15

Purpose of HSBC…………………………………………………………………16

Values of HSBC…………………………………………………………………….16

Main functional departments of HSBC and compared the different processing activities that

happen within the functional departments……………………………………………18

Input output diagram for all the departments…………………………………………32

Comparison of different department functional activities…………………………….37

Activity 02……………………………………………………………………………39

Identify and describe information systems that can be implemented…………………39

Differentiation of the identified information systems between management levels and

functional areas of the organization based on their functions and purpose……………42

The information needs required at the operational, tactical, and strategic level of the

organization…………………………………………………………………………….43

Analyzation on how the effectiveness of each management level can be improved with the

support of the information systems……………………………………………………45

Activity 03………………………………………………………………………………46

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How information can be used for effective decision making and forecasting in the

organization……………………………………………………………………………….46

Demonstration of the use of an information system for management reporting

purposes…………………………………………………………………………………….47

Analyzation the constraints that the organization may face when gathering data and

information for management reporting……………………………………………………48

Activity 04………………………………………………………………………………...49

Models that can be applied to strategic information systems…………………………….49

Justification on the ways in which an organization can obtain competitive advantage within a

global market…………………………………………………………………………….61

Evaluation on how strategic information systems can contribute to the competitiveness of an


organization……………………………………………………………………………….63
References…………………………………………………………………………………64

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Activity 01

Background details of the selected organization

For this task, I've decided to use HSBC bank. The Hong Kong and Shanghai Banking

Corporation is known by the abbreviation HSBC. The idea of a regional bank serving clients

worldwide formed the foundation for HSBC. HSBC started operating in Hong Kong in

March 1865, helping to finance transcontinental trade between Europe and Asia. Around 40

million individuals, businesses, and high-net-worth clientele are served by them throughout

63 nations. Peter Wong serves as the company's CEO. Thomas Sutherland started HSBC.

History of HSBC

The founders of HSBC had a simple and basic goal when they established the bank in 1865:

to advance local and global trade, "which has grown so much wider and more diverse than in

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the past." The newly established bank quickly took off and had a solid reputation for

integrity, effectiveness, and a thorough knowledge of the regional markets. In addition to

adding new branches and creating money, we also invented financing for public works

projects. After enduring terrible financial storms at the turn of the century, we emerged as a

powerful financial force in Asia. HSBC had to overcome a number of challenges in the first

fifty years of the 20th century. first entering Asian markets, but during the Great Depression,

we suffered alongside our customers. Branches were taken over, funds were liquidated, and a

lot of workers who worked overseas were imprisoned during the Second World War. We had

huge stores and were wise enough to survive. HSBC assisted Hong Kong in remaking itself

as a manufacturing hub after World War II in response to the significantly changing

environment. In the fifty years that followed, as new technologies changed the workplace, the

bank expanded and underwent diversification. In the Americas and Europe, important

acquisitions were completed, and the hexagon brand was used to unify all of our global

operations. The initial goals of the founders of the modern HSBC have been well surpassed.

Nevertheless, despite the bank's expanded size and scope, our philosophy hasn't changed

much over the years: we still look for opportunities to develop and offer those to our clients.

(HSBC.com, unknown)

Vision of HSBC

"Our goal is to become our clients' preferred global financial partner."- Group Chief

Executive Noel Quinn

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Purpose of HSBC

We are bringing together the individuals, ideas, and resources that foster development and

growth, assisting in the development of a better future for our clients, employees, investors,

communities, and the planet that we all share. (HSBC.com, unknown)

Values of HSBC

They value difference.

Speaking different languages from birth, they both. They have been shaped by a variety of

experiences, traits, and voices; they are essential to who they are and how they operate. They

can better represent the worlds of their consumers and communities and provide for them if

they are more diverse and empathic. They therefore encourage inclusivity. They eliminate

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obstructions and aggressively pay attention. They also look for viewpoints that contrast with

their own. (HSBC.com, unknown)

They succeed together.

Customers have a unique range of alternatives available to them. And only if they truly unify

across borders will they be able to fulfill this promise in its fullest. along with our customers

and business partners. together, both as a company and as coworkers. they collaborate

internationally as a result. Silos are taken down. Each one depends on and helps the other.

Make space for one another when needed and as well. They are able to accomplish things

collectively that they cannot achieve separately. (HSBC.com, unknown)

They take responsibility.

People's lives, communities, and the environment are all significantly impacted by what they

do. They are quite serious about this duty. They assume accountability for their behavior and

set high expectations for themselves. Always using good judgment.

They also behave as coworkers by speaking out and raising issues if something doesn't look

right. Currently, they are building for the future. They are only able to thrive if they prioritize

the long-term needs of their clients, investors, and the planet that we are all a part of.

(HSBC.com, unknown)

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They get it done.

They continuously forge forward and take initiative, creating value for our customers and

investors. In order to learn and grow, they take calculated chances and try new things, making

them entrepreneurial. By showing dynamism, they reject mediocrity. The movement is quick.

They act courageously and decisively, showing a strong sense of resolve. Additionally, they

are dependable and never renege on their promises. (HSBC.com, unknown)

Main functional departments of HSBC and compared the different processing activities

that happen within the functional departments.

A department or division that carries out a certain duty is referred to as a functional area

within an organization. Because they have a common set of skills and specializations, people

working in a functional department frequently group together. Establishing specialized

divisions to manage them allows organizations to more readily combine jobs and processes

that adhere to the same rules and logic.

HSBC bank is divided into a number of divisions and functional areas. Below is a list of

some of them.

• Security department

• Legal department

• IT department (Information technology)

• Card department

• Accounts department

• Digital banking department

• Auditing department

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• Risk management

• International department

HR department (Human resources)

Managing the workforce at the bank is the responsibility of the human resources division.

This entails keeping an eye on their actions, speaking with them in interviews, and assessing

their general effectiveness at work.

Functional activities within the department of human resources

• Training and development

• Performance management

• Evaluation of job

• HR Strategy

Training and development

Training and development for employees must be supervised and directed by the HR

division. New hires are typically given training by their employer to assist them get

acquainted with the company's rules and practices as well as the tools, equipment, and

supplies they will need to perform their duties.

Performance management

Monitoring each employee's productivity is another duty of the HR division. Performance

evaluations are a regular aspect of performance management for both employees and

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supervisors. We may evaluate how much our team is contributing to the accomplishment of

our goals by using these kinds of metrics.

Evaluation of job

It could be the responsibility of the human resources department to assess the organizational

job roles. Each position's title, responsibilities, and needed skills are evaluated by these

professionals, who also establish the position's obligations. The department is in charge of

updating job descriptions as necessary because positions might change over time.

HR Strategy

Strategic workforce planning is the responsibility of HR. This one affect many other HR

tasks, such as talent recruiting, performance appraisal, and succession planning.

The needed information for the HR department

The department of human resources' (HR) first goal is to collect personal data on workers and

employees, including copies of their passports, birth certificates, bank account numbers,

national identity cards, and other kinds of identification. The HR department needs access to

all of the company's electronic devices, including laptops, PCs, and cell phones, in order to

monitor workers' working activities and overall productivity. In order to conduct a

performance appraisal at the end of the year, detailed data on employees' absences as well as

restrictions regarding absences are required.

Security department

The physical security of the institution's staff, clients, and property was probably the focus of

a bank security officer's key responsibilities. In contrast, the role has grown to encompass

more difficult duties over time. Managing the bank's cybersecurity and data protection
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initiatives, as well as keeping an eye out for fraud on intricate transactions, have all been

included in this growth in recent years.

Functional activities within the department of Security

• Detect and prevent illegal activity attempts, such as fraud and embezzlement.

• Work to guarantee compliance with the Bank Secrecy Act (BSA).

• Evaluate security software/tools.

• Monitor Transactions

Detect and prevent illegal activity attempts, such as fraud and embezzlement.

Any suspect conduct, such as an illegal transaction, will be reported to the team that

investigates and prevents cybercrime and fraud, and they will make every effort to preserve

the greatest level of security.

Work to guarantee compliance with the Bank Secrecy Act (BSA).

Under the Currency and Foreign Transactions Reporting Act of 1970, sometimes referred to

as the "Bank Secrecy Act" (BSA), U.S. financial institutions are required to assist federal

law enforcement in identifying and combating money laundering. (The Bank Secrecy Act,

or BSA, of 2019)

Evaluate security software/tools.

Using a system called a cyber security evaluation tool, asset owners and operators may

assess their information and operational technologies in-depth. To enhance cyber security,

this assessment is conducted.

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Monitor Transactions

To stop money laundering and the funding of terrorism, it is necessary in some

circumstances to file reports of suspicious behavior if something appears amiss. However,

keeping an eye on consumer behavior on a conventional institution's website or app might

help with more than simply compliance and avoiding fines—it could also aid with the

identification and investigation of potential fraud scenarios.

The needed information for the Security department

The security department will require access to the whole database, which includes

information on employees and clients, as well as the ability to track customer behavior and

the department in charge of online banking, in order to maintain the highest degree of

safety.

Legal department

Giving legal advice on every aspect of the Bank's obligations and activities is the main duty

of the legal department. The Bank's in-house lawyers do, in fact, offer advice on a range of

legal, contractual, and operational concerns as well as democracy issues.

Functional activities within the department of Legal department

• legal expert advice

• Verifying documentation when a contract involves another organization.

• Limiting legal repercussions of corporate failures

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legal expert advice

helping the Bank understand how its new programs, initiatives, products, services, and

expansion plans will affect the law and regulations.

Verifying documentation when a contract involves another organization.

assisting the bank in understanding the legal and regulatory ramifications of its new

projects, products, and services, as well as its aspirations for expansion.

Limiting legal repercussions of corporate failures

If a claim is made against the organization, they help to shield our company from being

sued or dealing with other legal issues.

The needed information for the Legal department

In order for the bank's legal department to be able to alert the bank if the bank breaks any of

the laws or guidelines and help the bank avoid any unfavorable legal repercussions, all legal

information, and regulations relevant to the global bank must be provided. Before approving

a loan on a property or completing a purchase, a bank's legal department must confirm the

legality of the property's paperwork.

IT department (Information technology)

The vital IT infrastructure of the bank is created and maintained by the IT division. In

addition to assessing the bank's exposure to IT risk, ensuring the effectiveness of the bank's

IT security measures, and providing IT training to the bank's workforce, professionals in the

IT department also provide IT solutions to the other departments of the bank.

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Functional activities within the department of IT department

• Maintaining software and hardware of the bank

• Detect vulnerability and prepare for solution.

• Creating an application and website for the bank

Maintaining software and hardware of the bank

In addition to other things, the IT department is in charge of maintaining all software and

hardware, including laptops, servers, switches, and routers. To avoid server failures, keep

mission-critical apps functioning.

Detect vulnerability and prepare for solution.

A system update will be used to fix any vulnerabilities found by the IT team after they have

been identified.

Creating an application and website for the bank

Among the most significant duties of the IT department are the creation and upkeep of

websites and applications that follow the appropriate procedures.

The needed information for the IT department

To set up network setups correctly, the bank's IT staff need a comprehensive list of IP

addresses. In order to ensure that there are no errors and that all systems are operating at

their best, the IT staff will have vital access to every workstation. It will be beneficial for

maintenance if the IT team requires that the employees work distinct hours.

Card department

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The department of card operations is in charge of all card-related activities, including debit

and credit card transactions. All concerns involving credit and debit cards are under the

control of the card department.

Functional activities within the department of Card department

• Managing credit Installments

• Look into Debit/Credit card scams.

• customer care inquiries regarding cards

Managing credit Installments

The card department should arrange for installment payments for the cardholder's purchases

made with their credit card as they have an installment option.

Look into Debit/Credit card scams.

Online credit/debit card fraud has increased significantly in recent years. Using the

assistance of the security department, the card department will return the cardholder's

money if the cardholder raises an objection to the unlawful transaction.

customer care inquiries regarding cards

Debit and credit cards are often questioned by customers, and it is part of their duty to

address these questions and provide clarification.

The needed information for the Card department

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The initial pieces of information that the card department needs are the cardholder's

information and card information, except the cardholder's PIN. In order for the card

department to track the cardholder's transactions, access to the cardholder's transaction

information is required.

Accounts department

The section of the bank responsible for the creation of financial statements, the upkeep of

the general ledger, and the payment of bills is the accounting department.

Functional activities within the department of Accounts department

• Monitoring account transaction

• preparation of financial statements

• Financial Controls

Monitoring account transaction

A client's financial arrangements must be monitored for financial activity, and all essential

data must be gathered on their transactions.

preparation of financial statements

The accounting department generates the financial statement for the passbook and

statements throughout this stage of the procedure.

Financial Controls

Financial controls, including as reconciliations, job separation, and adherence to GAAP

accounting rules, are intended to ensure compliance with regulations and avoid theft.
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Assuring the accuracy of all administrative processes is one of the Controller's major

responsibilities.

The needed information for the Accounts department

In order to compile a financial statement for the bank, the accounts department needs

information on every expenditure incurred by the bank as well as comprehensive client

account information, customer transaction reports, and international bank rules and

regulations pertaining to the accounts.

Digital banking department

Digital banking is characterized by the automation of procedures, web-based services, and

application programming interfaces (APIs) that permit the composition of services across

institutions to offer financial products and streamline transactions. Internet, mobile, and

automated teller machines are all ways that customers may access their bank accounts.

Functional activities within the department of Digital banking department

• Transaction of money

• Bill payments

Transaction of money

Money may currently be sent online. The Digital Banking division is in charge of enabling

any electronic transfers of monies that a client wants or wishes to make to another account.

Bill payments

Paying your bills online is possible with digital banking. If a consumer chooses to pay their

phone, power, or water bill using digital banking, one of the duties of the Digital Banking

department is to process their payment.

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Sending OTPs

Consumers are given OTPs by the department of digital banking to make sure their

transactions are valid.

The needed information for the Digital banking department

In order to provide the OTP and information on money transfers and bill payments, the

account must have all necessary information, including the client's postal address and phone

number.

Auditing department

The audit section of a bank assesses the bank's risk management, control processes, and

operational activities. They also ensure that the bank's policies and procedures are always

followed and that customers receive the best support possible.

Functional activities within the department of Auditing department

• Advice concerning risk.

• Check for vulnerability.

Advice concerning risk.

To reduce risk, remind your staff to abide by the guidelines.

Check for vulnerability.

making an evaluation of the bank system's vulnerability to make sure its upkeep is

manageable.

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The needed information for the Auditing department

The report from all departments to ascertain if the bank is conforming to the global bank's

standards to avoid consequences and the maintenance report to detect vulnerability.

Risk management

The risk management team of the bank is in charge of day-to-day risk management. The risk

management division is now a crucial element of the Bank's risk management framework.

Making ensuring the bank's internal control system includes all necessary steps for risk

management is the responsibility of the risk management department.

Functional activities within the department of Risk management

• Analyzing risk

• Decision making

Analyzing risk

The description of risks and their related costs is aided by the analysis of risks,

opportunities, and actions. Indicators must be created, maintained, and upper management

must be contacted when reporting.

Decision making

Choosing the best course of action or rating the options in light of a certain risk management

objective are two examples of the decision-making process involved in risk management.

Finding possible hazards is just one of the tasks involved in risk management. A key

component of risk management decision-making is picking the optimal approach for

identifying possible issues.

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The needed information for the Risk management department

Strategies for current and future risk assessments, the economy of the nation as it relates to

investment prospects, and the bank's financial activity report.

International department

The foreign exchange activities of a bank are handled by the international department in

addition to transactions. Managing the purchase and sale of foreign currency as well as the

flow of money into and out of the business is the primary responsibility of the forex

department.

Functional activities within the department of international department

• foreign exchange

• International fund transfer

foreign exchange

Foreign exchange is the process of exchanging currencies between nations at the current

market rate. Let's examine what dealing with foreign money actually entails in more detail.

The currencies of various nations are all distinctive. Foreign exchange is the process

through which currencies from several nations are exchanged for one another.

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International fund transfer

If the beneficiary of a payment is a person or a company based in a foreign country, the

transaction is regarded as an international money transfer. When sending money abroad,

HSBC might be of assistance.

The needed information for the international department

Detailed information about the customer's account as well as the international account,

including exchange rates and laws on international transactions that are unique to each

country.

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Input output diagram for all the departments.

Input output diagram for HR department.

Input output diagram for Security department

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Input output diagram for Legal department

Input output diagram for IT department (Information technology)

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Input output diagram for Card department

Input output diagram for Accounts department

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Input output diagram for Digital banking department

Input output diagram for Auditing department

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Input output diagram for Risk management

Input output diagram for international department

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Comparison of different department functional activities

The bank's many departments are connected to one another for the sake of efficiency and

cohesion. Since all HSBC Bank branches follow the same procedure, consistency is

maintained. It is conceivable that if we engage in functional tasks, these three elements will

serve as an illustration of everything.

1.a contrast between the auditing, risk management, and accounting divisions. It is possible to

infer from the introduction their information needs and operational activities in these three

areas. Therefore, the accounting division is in charge of managing stocks and loans, while the

risk division makes the decision about whether or not to provide the loan depending on the

status of the national economy. The audit division looks for loopholes, while the risk

management division looks for external issues and reports on both. In essence, these two

departments do the same tasks. Consequently, the bank has to have these reports.

2.The legal and foreign departments are contrasted. Customers who wish to transfer money

abroad, whether local or foreign, can do so by contacting the international department. Legal

counsel on all facets of the Bank's operations and activities is what the legal department is

responsible for providing. International bank law is the area of overlap between these two

divisions. While the legal department has expertise in all areas, the international department

must understand international bank regulations.

3.comparison of the information technology department to other departments. Everyone

depends on the IT department for banking system maintenance. The building of facilities for

the division responsible for digital banking, the development of software for the division

responsible for services' management of cyber security, etc. While the support disk service is

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used by all other departments to track issues and provide feedback. The connection between

the various sections may be seen in this manner.

In a bank, you could find comparables. Separately, no portion can endure. The benefits of this

might be felt by all of the departments. To support the activities of another division, one

division's product will be used.

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Activity 02

Identify and describe information systems that can be implemented.

Because business information is so crucial to organizational structure, information systems

also encompass the technological analysis and structuring of that information. It is possible to

use the following four systems:

• Decision support systems (DSS)

• Management information systems (MIS)

• Executive support systems (ESS)

• Transaction processing system (TPS)

• The Office Information System (OIS)

• Office Automation System (OAS)

• Business information systems (BIS)

Decision support systems (DSS)

Management uses a decision support system at the tactical level. The results of this strategy

provide quick judgments on several criteria. Consequently, managers and executives at the

operational level may be given access to future data. The previous two information systems

were only able to use internal data, however this decision support systems (DSS) provides

access to external data and information. It has a substantially greater capability for processing

information than its forerunners. Report creation, data appraisal, result predictions, danger

detection in the future, and drill-down capabilities are just a few of the numerous applications

of decision support systems (DSS). Don't just give written details; also include pictures.

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Assessment and data provision for tactical-level management are the functions of decision

support systems (DSS).

Management information systems (MIS)

Management information systems offer performance data for planning, regulating, and

decision-making at the strategic and, in certain circumstances, tactical levels of management.

When management information systems (MIS) were first developed, they were done so to

serve the requirements of certain industries.

Chart creation, change tracking, and report authoring are all tasks that may be accomplished

by a management information system. The ability to generate reports for clients is required.

Management information systems (MIS) success depend heavily on data summaries obtained

from the transaction processing system (TPS).

Executive support systems (ESS)

system for supporting executives (ESS) a framework developed to support company directors

and senior executives in their strategic decision-making. Given that companies want to know

how to achieve social goals, they frequently use external data, which this system can analyses

both fast. A great number of functions for data administration are provided by the executive

support system (ESS). An all-encompassing perspective, strategic organization, strategic

control, and crisis management may be provided by this method. The executive support

system (ESS) offers a very user-friendly interface and graphical context, as well as services

for strategic planning, organizing, managing crises, and defining future direction. In order to

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administer and defend the organization's objectives, vision, and mission, the Executive

Support System (ESS) was created.

Transaction processing system (TPS)

Transaction processing systems, which are essential business systems, are a major factor in

an organization's capacity to carry out regular activities. Just a few examples are systems for

pricing, payroll, and financial transactions. TPS activities include, for instance, input and

output, basic data processing, data editing, correction, modification, recording, data storage,

and productivity boosting. Crossings are a common procedure for which TPS is intended to

be used.

The Office Information System (OIS)

By fusing computer software, hardware, and communication channels, an OIS is a type of

information system that increases office productivity. Nowadays, everyone is aware of how

important it is for businesses and IT departments to manage data efficiently.

Office Automation System (OAS)

Office automation systems (OAS) consist of networked hardware and software. A number of

office automation technologies are being used to fulfill business and communication tasks

that were formerly carried out manually or in several locations, such as strategy planning and

letter writing. Any organization may save overhead expenses and improve productivity by

bringing in-house formerly outsourced activities like typesetting, printing, or electronic

recording.
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Business information systems (BIS)

Business data is analyzed and organized technically through the use of "business information

systems" (BIS). The vast majority of businesses substantially rely on computer systems and

networking infrastructures to run their business information systems (BIS). It is simple to see

how computerized BIS may improve accuracy, precision, and dependability. As a result of

their ability to be educated to do a variety of tasks, they are also incredibly flexible.

Differentiation of the identified information systems between management levels and

functional areas of the organization based on their functions and purpose.

An organization's three primary levels are strategy level, tactics level, and operations level.

Therefore, depending on the situation, different roles and duties are required. Systems for

managing information, such as management information systems (MIS) and transaction

processing systems (TPS), are used at the operational level. The majority of the information

gathered by these systems consists of regular transactions and supplementary data that is

gathered every day, every week, or at most once every month. The operational level does not

require in-depth analytical data. As lower-level managers could require reports for staff

management, MIS is nonetheless preferred to TPS. DSS is utilized at the operational level of

businesses because intermediate managers and executors want more analytical data and

summaries for their tasks. The strategic level integration of ESS and data warehouses is

required due to the requirement for a strategic planning system among executives and

directors. Since ESS will take care of everything for them, they don't even need to do

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anything. Therefore, information systems are used for a variety of reasons at various

organizational levels.

The information needs required at operational, tactical, and strategic level of the

organization.

Information needed at the Strategic level.

An organization's top leadership teams engage in strategic planning. The bank's chief

executive officer (CEO), other senior executives, and the board of directors evaluate the

bank's overarching goals, plans, and strategies at this level and monitor how effectively those

things are doing in actuality. We now examine the perspectives that the legal, economic, and

competitive business settings have in more detail. Although long-term goals and a

compilation of all relevant data have been made, the decision-making process is currently in

flux. The HSBC executive level consists of the CEO, board members, and other senior

executives. They maintain oversight over the institution to make sure it runs in line with its

long-term objectives. To prepare for and accomplish their objectives, they made use of data

such as anticipated international banking policy, overall and divisional profitability,

competition analysis, future economic forecasts, total deposits necessary, and vital capital

equipment.

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Information needed at the tactical level.

The tactical level within an organization is the intermediate level. This stratum is led by

executives and managers from the middle class. Defining, categorizing, and translating the

organization's goals into strategies is the responsibility of middle management. They research

approaches to developing and managing budgets and plans that are consistent with the

overarching corporate strategy. Because of this, they deliver a range of papers to the business,

such as timetables and short-term strategies. The strategic and operational are connected by

this layer. The decision-making process has now been given some structure. Typically,

regional managers or higher work at HSBC level positions. HSBC has your back when it

comes to having a global footprint. For this reason, data on branches, cash flow forecasts,

budget management reports, return on assets, and staffing are needed at the tactical level.

Information needed at the Operational level.

Every organization's operational level, often known as the lowest organizational level, serves

as its base. The focus here is on the continuing duties that must be fulfilled. The final

decision on how things get done on a daily basis belongs to the operating managers and the

members. Goals, budgets, and deadlines are some of the larger considerations that operations

managers make. Each job is well defined at this point, and there is a structured process for

making choices. Local management and staff from the many national branches make up the

operational level of HSBC Bank. HSBC operates a sizable branch network abroad. They act

on behalf of the bank while dealing with clients, tracking donations, managing daily

operations, etc. They need access to data like average task completion times, consumer

spending patterns, objective and budget restraints, intervention in terms of terms and

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circulars, daily process knowledge, etc. in order to perform their duties efficiently at the

operational level.

Analyzation on how the effectiveness of each management level can be improved with

the support of the information systems.

An information system that is dependable and easy to use must be able to support all

departments within a business.

Recording daily transections and the instructions that go with them is the company's

operational aim. The necessity for temporary protected status among entry-level employees

stems from this. Customers at HSBC, for instance, are required to enter their name, account

number, and the amount they wish to send when making a wire transfer. Upon entering these

details into the TPS system, the appropriate transfer will be handled. operating effectiveness.

To complete the task, they require a successful strategy.

To collect and arrange data at the operational level, the MIS employs the same techniques as

before. An operational-level manager who is using the MIS may create a report that examines

the financial health of the bank. MIS is therefore a suitable tool for this use. Each has distinct

circumstances at the operational and tactical levels. They start by looking within to get a

general knowledge of who they are, then they turn to the outer world to get motivation for

action. They then decide on their next course of action. Although DSS can help with this

decision, MIS and TPS are unable to. Effective tactical operations require DSS. Top-level

management frequently uses ESS for strategic planning as opposed to DSS because of the

latter's speedy data evaluation and insight-providing capabilities. The proper information

system will be implemented at the proper level of the company for a successful business. If

so, not only will the company achieve its goals, but it will also acquire a competitive

advantage.

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Activity 03

How information can be used for effective decision making and forecasting in the

organization

Accurate data is essential to planning, forecasting, budgeting, and business intelligence,

which are all integral parts of an organization's overall operations. Data that is both accurate

and valid has been checked and is thus error-free, in contrast to data that is only valid.

Because of this, it's essential for all firms to have rapid access to such documents and data.

While certain information may be more relevant today than in the future for analysis and

planning, other data may be more appropriate. facts and pieces of information that

collectively make up the past. Therefore, any old information or data that the organization

will never require again should be disposed of. In that case, it is possible that the business

would continue operating normally.

With the use of historical and current data, forecasting enables firms to set reasonable and

doable goals. Businesses can assess the level of an improvement, modification, or

development's effectiveness by reviewing particular facts and figures. These objectives

provide you the ability to monitor your progress and alter business procedures as required to

stay on course. The ability to make decisions about where to spend money and resources on

specific products and services or internal areas, including recruiting and strategy, is made

possible by having knowledge of future trends and developments. (Hall, 2020)

Information systems are mostly focused on the relationship between information systems and

decision-making.

Information systems are primarily used to provide accurate and timely data to decision

makers in a dynamic environment. Information technology is a key component of a

successful business' ability to enhance operations, achieve goals, and reap profits. In

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structured and unstructured environments, management information systems help in problem-

solving. This system is made up of computers, humans, procedures, databases, interactive

query tools, and other components. The most important component for making wise decisions

in today's enterprises is knowledge. 2012's Alkhaffaf

More accurate forecasting techniques may lead to higher earnings. When planning for the

future, businesses utilize forecasting to delve into the past and present. The viability of the

company worries bank executives all the time. They require solid data in order to make

accurate forecasts.

Demonstration of the use of an information system for management reporting purposes

The need for all managers and other decision-makers to have access to a management report

is evident. As a result, ESS, DSS, and MIS all have reporting capabilities. For the purpose of

offering reporting services, businesses could create specialized IT infrastructures. The board

of directors and senior executives use the management report to assess how well the business

is run. A strategic-level management report that ESS creates details the collective progress of

several management domains. It may also present data via graphs, tables, bar charts, line

charts, and pie charts, depending on the user's requirements and information filtering

preferences. Once a year, on average, ESS will report. A company's annual report contains

some very significant information. The yearly report makes a point of highlighting

management's ability to plan and coordinate numerous commercial efforts. use in the

management DSS report to achieve strategic objectives. Finding lucrative sites is made easier

by using DSS management reports. The data suggests that companies may deploy their

objectives and other resources wisely. Daily management reports that are of lower relevance

may be produced by the MIS. As a result, it makes it easier to follow the progress of branch-

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level activities and manage lower-level operations. All in all, the output of the system is more

accurate. By utilizing the data system, the objective is to enhance management reporting.

Analyzation the constraints that the organization may face when gathering data and

information for management reporting.

Financial sector banks collect client data in accordance with accepted procedures and

standards. They are able to obtain appropriate information as a result, and they encounter less

obstacles when looking for facts and information. They've had trouble gathering data and

information because of a variety of campaigns and other initiatives unrelated to the banking

industry. Let's say, for illustration purposes, that the bank is looking to collaborate with a

reputable company. The bank will be limited in its ability to obtain the information it needs

on other firms as a result of this arrangement. All firms have their own information security

policies, despite the extensive collaboration that takes place between them. As a result,

financial institutions are forced to change the rules and specifications governing data. The

gathering of strategic intelligence may suffer as a result of international law and World Bank

norms and regulations. To comply with these laws and norms, the bank must thus make

modifications.

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Activity 04

Models that can be applied to strategic information systems.

When it comes to organizational growth, there are many different strategies. Its performance

can be enhanced by using all of these models together. The Porter model of competitive

advantage and the Wiseman method to strategic planning are two instances of this. As

companies work toward their long-term objectives, these models could assist them in deciding

which components are most important to review, reinforce, and maintain.

Some examples are as follows.

Porter's Model

A straightforward yet effective method is to utilize Porter's Five Forces to identify the main

sources of competition in your industry or company. Understanding the forces at play in your

sector will enable you to alter your strategy, boost your profitability, and preserve your

competitive edge. While avoiding more mistakes, you might profit from a favorable position

or reinforce a weak one. (MindTools.com, n.d).

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The Porter's Five Forces are listed below.

• Competitive Rivalry.

• Supplier Power.

• Buyer Power.

• Threat of Substitution.

• Threat of New Entry.

Competitive Rivalry

Porter's Five Forces analysis looks at your competitors' diversity and caliber in the first force.

Take into account the number, kind, and quality of your rivals' products in relation to your

own. Businesses attract customers by aggressively cutting prices and introducing high-impact

marketing initiatives in a market where there is fierce competition. Because of this, suppliers

and If clients believe they aren't getting a fair bargain from you, they may decide to shop

around. On the other hand, you'll probably have strong competitive advantage and sizable

earnings when there isn't any rivalry in your industry and no one else does what you do.

(MindTools.com, n.d).

Supplier Power

Suppliers have more clout if they can only increase their prices or lower the quality of their

goods. They have enormous supplier power if they are the only ones who can offer a certain

service. You should think about the expense of switching providers, even if you are able to.

The easier it will be to switch to a more affordable provider, the more alternatives you have.

On the other hand, if there are fewer suppliers and you rely heavily on them, their position

will be reinforced, and they will be able to charge you more.(MindTools.com, n.d).

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Buyer Power

Customers in a market have "buyer power" if there are relatively few of them compared to

the number of suppliers. This means that they could be able to switch to new, less priced

competitors without much difficulty, which might eventually result in price reductions.

Amount of their orders and moving to a competitor's price should both be taken into

account. Dealing with a small number of informed customers gives them more clout. When

there are numerous customers and little competition, buyer power, however, declines.

(MindTools.com, n.d).

Threat of Substitution

This is a reference to the possibility that your clients may find another provider of the same

services. It may cost less, be better, or perhaps both. The risk of replacement rises when

consumers might simply switch to a different product or when an unexpectedly new and

popular product enters the market. (MindTools.com, n.d).

Threat of New Entry.

Your position might be affected by potential rivals' capacity to enter your market.

Competitive erosion may occur quickly if rivals can enter your market with little investment

and effort and effectively compete, or if your key technology is not adequately protected.

But if you face significant and persistent barriers to entry, you might be able to hold onto a

favorable position and legitimately take use of it. These challenges include hard-to-find

suppliers who aren't already committed to rivals, complicated distribution networks, high

initial capital costs, and the inability to find suppliers. Through economies of scale, big,

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established businesses may be able to lower their costs while maintaining a competitive

advantage over newcomers. It might also be a significant barrier to entry if customers find

switching between providers to be too expensive. In-depth government regulation of a

sector can be compared to the same. (MindTools.com, n.d).

Porter's Generic Strategies

Generic Strategies

Because they may be used with products or services from all industries and by organizations

of all sizes, three tactics are included in generic strategies. They were first mentioned by

Michael Porter in his 1985 book "Competitive Advantage: Creating and Sustaining Superior

Performance. “Porter referred to the fundamental strategies as "Cost Leadership" (no frills),

"Differentiation" (creating distinctively appealing goods and services), and "Focus"

(providing a specialized service in a niche market). The Mind Tools content team, n.d.). He

then divided the Focus approach into "Cost Focus" and "Differentiation Focus."

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• The Cost Leadership Strategy

• The Differentiation Strategy

• The Focus Strategy

The Cost Leadership Strategy

The general Porter tactics are ways to create the "edge" that allows you to outsell your

competitors. They are ways to get a competitive advantage. There are two main methods to

accomplish this in a cost leadership strategy. boosting profits by reducing expenses while

maintaining industry-average pricing and expanding market share by lowering prices while

still making an acceptable profit on each sale as a consequence of cost reduction.

By setting the standard for cost in your market or sector, you are using the cost leadership

strategy. Being among the cheapest manufacturers is insufficient because you open yourself

up to attack from other cheap producers who could undercut your pricing and hinder your

attempts to increase market share.(The Mind Tools content team n.d.)

The Differentiation Strategy

Making your products or services stand out from those of your competitors is the process of

differentiating them. The nature of your industry and the products and services itself will

determine how you go about doing this, but you'll likely integrate features that customers

value, functionality, durability, support, and brand image. Companies require strong

research, development, and innovation, the ability to produce high-quality goods or

services, and effective sales and marketing to get the market to understand the benefits

offered by the different offers in order for a differentiation strategy to be successful. In

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order to preserve flexibility in their new product development processes, large enterprises

must be pursuing a strategy of differentiation. Competitors using Focus Differentiation

techniques in several market segments might attack businesses on multiple fronts if they

don't take this precaution. (The Mind Tools content teamn.d. )

The Focus Strategy

Employing focus strategies, businesses concentrate on a small number of niche markets and

create low-cost or well-defined products for those markets by understanding the dynamics

of those markets and the unique needs of their customers. They frequently engender high

brand loyalty among their consumers due to their excellent customer service in the

particular market they serve. Due of this, their market segment is less appealing to

competitors. Choosing between Cost Leadership and Differentiation is important when a

Focus strategy has been defined as the main strategy, much like with wide market

strategies: Sometimes, focus is not enough. Whether you decide on a Cost Focus or

Differentiation Focus strategy, the secret to a generic Focus approach's success is to make

sure that you provide value by filling a particular market niche. If your company is too small

to serve a bigger market, concentrating on a specific market segment is not enough to

succeed (doing so puts you at danger of losing business to larger, more resource-rich broad

market firms). (The Mind Tools content teamn.d.)

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Porter's Value Chain

A value chain is a set of activities that a company carries out to create value for its

customers. In order to evaluate all of their activities and ascertain how they are connected;

firms might utilize Porter's generic value chain. The way value chain activities are carried out

has an impact on expenses and revenues, thus using this tool can help you determine the

sources of value for your company. Porter's Value Chain places more emphasis on systems

and the conversion of inputs into consumer-purchased outputs than it does on departments

or accounting cost types. By categorizing them into primary and secondary tasks, Porter

created a chain of operations that all businesses must follow. (Mental Tools, n.d.)

Primary Activities

• Inbound logistics

• Operations

• Outbound logistics

• Marketing and sales

• Service

Inbound logistics

The process of acquiring, storing, and distributing raw materials internally is referred to as

"inbound logistics" in this context. Creating value in this situation depends heavily on your

supplier ties. (Mental Tools, n.d.)

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Operations

These processes are responsible for converting inputs into finished products that are sold to

customers. The operational systems you use provide value in this way. (Mental Tools, n.d.)

Outbound logistics

Delivering your product or service to the client is referred to as outbound logistics.

Collecting, storing, and distributing systems are some of these, which may be internal or

external to your business. (Mental Tools, n.d.)

Marketing and sales

The methods you employ in marketing and sales are meant to persuade clients to choose

you over your competitors. Your advantages and how well you convey them determine their

worth. (Mental Tools, n.d.)

Service

These are the procedures involved in maintaining the worth of your item or service for your

customers after they have made a purchase. (mindtools.com n.d.)

Support Activities

• Procurement (purchasing)

• Human resource management

• Technological development

• Infrastructure

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Procurement (purchasing)

To get the necessary operating resources, the organization engages in this activity. The best

prices must be obtained through finding providers.

Human resource management

A company's hiring, training, motivating, rewarding, and retaining of its staff is done through

the process of human resource management. Employing efficient HR practices may provide

firms a competitive edge since people are a significant source of value.

Technological development

The administration, processing, and safeguarding of an organization's knowledge base are

all covered by these operations. Value may be created through reducing information

technology costs, staying current with technology, and maintaining technical skill.

Infrastructure

These are the tools and services a business needs to carry out routine tasks. Infrastructure

for general management, accounting, and law may be advantageous to businesses.

Strategic Perspective of Wiseman

In his work with GTE and other businesses, as well as in his position as President of

Competitive Applications, Inc., Charles Wiseman has utilized the modern ideas of strategic

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information systems. Porter advances his theories in the realm of information systems in

various useful ways, and his book, Strategy and Computers: Information Systems as

Competitive Weapons, gives several examples of strategic systems. The use of information

technology strategically by firms to acquire a significant competitive advantage is

emphasized by Wiseman. According to him, the importance of these computer-based goods

and services lies not in the degree of technological sophistication they possess or the format

of the reports they produce, but rather in the part these information systems play in the

firm's planning and execution of strategies for gaining and maintaining competitive

advantage. According to Wiseman, using information systems may not necessarily give a

firm a competitive edge, but they may still be a crucial part of that organization's overall

strategic plan. One cannot discover strategic systems by accident. Strategic information

systems (SIS) opportunities must be identified in a methodical manner if leaders are to

remain competitive. There must be room for both business and information management.

He continues by saying that competition may now be fostered via the use of information

technology. It is necessary to develop a method for spotting SIS opportunities. It is

important to continue with information technology-based strategic thrusts since there will

surely be a competitive response. As with other strategic efforts like acquisitions,

geographical expansion, etc., these motions are equally important. Planning is essential for

major initiatives like acquisition and significant business partnerships. The methods of

Business Systems Planning (BSP) and Critical Success Factor (CSF) are used to create

information architectures and identify conventional information systems that are primarily

used for planning and control. A fresh framework or model is necessary for SIS

identification. The conventional approach works with the organization's outwardly visible

structures. The development of new connections that expand the range of expectations

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leads to a successful SIS strategy. Such a plan requires the support of senior management

and is extremely difficult to put into practice. But most inventions just involve looking at the

world from a different angle. Manager-related application options must be thoroughly

examined by Information Services staff. (Liquisearch, com,n.d.)

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Strategic trust

Differentiation thrust.

It is beneficial to focus on areas where the service does not live up to the expectations of the

client.

The cost thrust.

Increased competition and lower pricing are the objectives of this sort of effort.

Innovation thrust.

Such a push seeks to accomplish something remarkable, such as the launch of new goods

with cutting-edge features.

Growth thrust.

Increasing the company's scope is a goal of this sort of push, which could involve raising

both production and customer.

The Alliance's thrust.

The goal of this type of effort is to grow the company through mergers and acquisitions so

that it can compete more effectively in the market.

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 60


Justification on the ways in which an organization can obtain competitive advantage
within a global market.

Putting up obstacles to prevent the entry of competitors.

Businesses may develop highly sought-after yet simple-to-repeat services or products that

appeal to niche markets by exploiting existing IT infrastructure. 2013's Thakur the company

has the opportunity to corner the market with this barrier to entry for new banks. In doing so,

the corporation can pave the way for its entry into foreign markets, which might boost its

reputation and financial success. Because of its competitive advantages, the bank may be able

to increase the number of international clients it serves.

Value chain technology leverage focuses on figuring out where information systems might

have the most strategic effect inside a business in order to better carry out competitive

objectives. This idea holds that in order to use IT to gain an advantage over the competition,

it is necessary to identify the best leverage points. 2013's Thakur the operations of a firm may

be enhanced in a variety of ways by the use of IT. Many companies are turning to IT efforts

to help them stand out from the competition in order to compete successfully in the modern

global market. with the purpose of enhancing the brand's popularity, standing, and ability to

dominate the market as a whole.

Making databases to enhance marketing: By enabling firms to build databases to enhance

their sales and marketing strategies, information systems also give them a competitive edge.

In these systems, existing data is regarded as a resource. For example, a bank may utilize its

databases to track client transactions and spot particular market segments. (2013 Thakur)

In today's global economy, HSBC is already fiercely competitive. HSBC is a significant

global provider of banking and financial services. Their global businesses, Wealth and

Personal Banking, Commercial Banking, and Global Banking & Markets, provide services to

close to 40 million customers. In addition to branches in North and South America and the

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 61


Caribbean, they have offices in 63 countries and regions in Europe, Asia, the Middle East,

and Africa. (HSBC.com, unknown)

On a worldwide scale, HSBC may be a highly prosperous company. Such transactions are

facilitated by HSBC's global network of correspondent banks and agents. They have strong

connections in the world of business. Trade financing and remittances from overseas can both

be directly credited with this accomplishment. Most people can access their money from any

branch since they have an HSBC account. It is not surprising that the banking sector is

dominated by digital activity and electronic transactions given the number of countries in

which HSBC has operations. Since information and communication technology

advancements are the driving force behind this, HSBC aspires to be the leading bank in the

pertinent industry. Having an internet banking system that permits international money

transfers to any country sets this bank apart from the competitors. The first two prerequisites

are also satisfied. Facial unlocking is used in biometric authentication to increase security.

Your account balances are accessible through the software, which also tracks your earnings

and outlays. Any person you know or have saved as a payee will get money immediately.

From within the app, you may pay invoices and transfer funds to local banks or other HSBC

accounts. Customers of the HSBC bank in Sri Lanka who also have accounts with the

institution in other nations may use the international banking option. There won't be any more

goods need to be taken to the bank thanks to the built-in security system. By creating this app

in compliance with international standards and laws, HSBC might obtain a competitive edge

on a global level.

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 62


Evaluation on how strategic information systems can contribute to the competitiveness
of organization.
Let's assess how strategic information systems help the firm remain competitive. The
management information system (MIS) is frequently utilized by middle managers in a
business. A specific client demographic is drawn to the branch. MIS must be simple and
quick to use as a result. The operation of the firm can be going smoothly if the management
information system is properly analyzing and organizing the reports and data and if
everything is in order. So, decisions may be taken at a lower level of management that are
quicker, more business- and customer-friendly. Another advantage might be for human
resource management. Last but not least, if the MIS is top-notch, the bank may be a strong
rival; if not, it will steadily lose market share. Putting money into an information system
might increase an organization's capacity to compete. TPS, as a consequence, HSBC will be
able to enhance their TPS in order to offer better customer service, and the company will be
able to use the transaction processing system to support daily operations. There will be a
political influence on consumers' thinking. The bank is able to retain current clients as well as
draw in new ones as a result. Increasing the threshold for bank competitiveness. Executive
support systems (ESS) make strategic use of it. This mechanism is crucial to the bank's
survival because of how it could affect the institution's future. We spoke about various tactics
that businesses may employ in the preceding sentence to get a competitive edge in the global
market. You might be able to compete at the top levels by employing this strategy. Future
requirements and priorities may be predicted by the system because to its strong analytical
capabilities. Upper management could respond by introducing a new good or service, for
example. This strategy works well in competitive marketplaces both locally and abroad.
Systems that aid in decision-making are known as decision support systems (DSS). In order
for the system to be competitive, it needs more power than MIS can offer. In addition to
evaluating its own banking products and the current market climate, DSS may also evaluate
other financial products. Because of this, DSS assessments may be rather harsh.

Sandun Kanchana Rathnayake / SIS ASSIGNMENT/ E-130172 63


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