ASSIGNMENT. ‘Course Code > MMPC-008 Course Tit : Information Systems for Managers Assignment Code: MMPC-008/TMA/JAN/2024 Coverage Al Blocks Note: Attempt all the questions and submit this assignment to the coordinator of your study centre, Last date of submission for January 2024 session is 30" Apri, 2024 and for July 2024 session is 31 October, 2024. Highlight the applications of IT in your organization or any organization of your choice. Explain the Anthony and Simon framework for understanding the MIS and decision- ‘making process. Discuss the role of social media in supporting decision making process in an organization with the help of suitable example. If you have to build Al in your organization, what factors you would think of and take into consideration. Mention those factors in stepwise manner. Write short notes on any three: a. CERT In b. Oracle EBS ¢. Business value of Information System 4, Systems Development Life Cycle (SDLC) €. CryptocurreneyMEENAKSHI STUDY PLATFORM (WHATSAPP 9816311521) ORDER IGNOU SOLVED ASSIGNMENTS (SOLVED PDF, HANDWRITTEN {SCANNED PDF 8HARDCOPY}) Disclaimer/Special Note: These are just the sample of the Answers/Solutions to some of the Questions given in the Assignments. These Sample Answers/Solutions are prepared by Private Teacher/Tutors/Authors Meenakshi Sharma for the help and guidance of the student to get an idea of how helshe can answer the Questions given the Assignments. We do not claim 190% accuracy of these sample answers as these are based on the knowledge and capability of Private Teacher/Tutor Meenaksiti Sharma, Sample answers may be seen as the Guide/Help for the reference to prepare the answers of the Questions given in the assignment. As these solutions and ‘answers are prepared by the private Teacher/Tutor so the chances of error or mistake cannot be denied Any Omission or Error is highly regretted though every care has been taken while preparing these Sample Answers/ Solutions. Please consult your own Teacher/Tutor before you prepare a Particular Answer and for up-to-date and exact information, data and solution. Student should must read and refer the official study material provided by the university. ANS: Teclology has a huge influence on businesses. The cost-performance ratio—better in the case of computers—is one benefit of IT systems fora firm. The cost of labour goes up every year, yet the price of computers stays the same. After a year, a better and more powerful computer may be purchased for the same amount of money. Whenever feasible, itis preferable to perform regular tacks on computers. Every organisation and every department inside a firm has made use of TT. Tn today's rapidly evolving business landscape, Information Technology (IL) play’ a pivotal role in enhancing organizational efficiency, fostering innovation, and enabling strategic decision-making. Lets explore the diverse applications of IT within an organization, highlighting its impact on various facets of operations. Sales and marketing — New services that would not have been possible without IT have been developed thanks to TT. IT has aided management in choosing the ideal site for production and distribution facilities across a range of industries, IT hes examined the operational data to identify the most effective marketing and sales strategies. IT has been used to establish the product pricing in order to maximise total revenues. Stated differently, IT has been applied to price and product analysis. Manufacturing - IT has been extensively used for processing customer orders, controlling inventory levels, developing production schedules and for monitoring product quality. A whole new discipline The use of IT in design and production has led to the evolution of computer aided design and computer aided manufacturing. Because of the widespread usage of computers, computer- integrated manufacturing, or CIM, has taken over the industrial industry. Robotics are being used more and more in industrial facilities as well as other industries including healthcare, research, and defence, anong others. ‘Human Resource Management — Companies are using IT systems for screening applicants and conducting various tests Project Management - MEENAKSHI SHARMA SANKHYAN (THE NAME KNOWN FOR QUALITY CONTENT) DOWNLOAD ASSIGNMENTS ONLINE: http://ignouassignmenthelper.conyMEENAKSHI STUDY PLATFORM (WHATSAPP 9816311521) ORDER IGNOU SOLVED ASSIGNMENTS (SOLVED PDF, HANDWRITTEN {SCANNED PDF 8HARDCOPY}) A range of software packages are available in the market for managing projects. These software produets let the management set the schedules, milestones, facilitate communication among group members, and monitor the project progress. These products help in document and report preparation. Data Analysis- Investment fisms heavily use information systems to analyze stocks, bouds and options to provide better service to their clients. With the intemet connectivity this application is high in demand even by other firms dealing with large data Enterprise Resource Planning (ERP) Systems: Organizations often implement ERP systems to streamline and integrate business processes. These systems, powered by IT, facilitate seamless comnmmication between different departments, improving overall operational efficiency. Customer Relationship Management (CRM): TT enables the implementation of CRM systems, helping organizations build and maintain strong relationships with customers. These platforms track customer interactions, manage leads, and provide valuable insights for personalized marketing strategies. Data Analytics and Business Intelligenc TT tools enable organizations to collect, process, and analyze vast amounts of data. Through data analytics and business intelligence solutions, companies can derive meaningful insights, identify trends, and make informed decisions to drive business growth Cybersecurity Measures: ‘As cyber threats continue to evolve, IT plays a critical role in implementing robust cybersecurity measures. ‘This includes firewalls, antivirus software, encryption, and other tools fo safeguard sensitive data and protect the organization from cyberattacks. Cloud Computin; Cloud technology has revolutionized the way organizations manage and store data, IT facilitates the adoption of cloud services, offering scalable and cost-effective solutions for data storage, application hosting, and collaborative work environments. Collaboration Tools: IT tools such as video conferencing, project management software, and cellaboration platforms enhance commmnication and teamwork. These tools facilitate real-time collaboration among employees, regardless of geographical locations. E-commerce Platforms: For organizations engaged in online business, IT is instrumental in developing and maintaining ~ commerce platforms. This includes secure payment gateways, user-friendly interfaces, and backend systems for inventory and order management. ‘Supply Chain Management Systems: IT applications in supply chain management optimize logistics, inventory control, and order processing, This ensures a smooth flow of goods and services, reducing costs and improving overall supply chain efficiency. ‘Human Resources Information Systems (HIS): MEENAKSHI SHARMA SANKHYAN (THE NAME KNOWN FOR QUALITY CONTENT) DOWNLOAD ASSIGNMENTS ONLINE: http://ignouassignmenthelper.conyMEENAKSHI STUDY PLATFORM (WHATSAPP 9816311521) ORDER IGNOU SOLVED ASSIGNMENTS (SOLVED PDF, HANDWRITTEN {SCANNED PDF 8HARDCOPY}) HIS, powered by IT, streamlines human resource management processes, It includes modules for payroll, employee performance tracking, recruitment, and other HR functions, leading to increased efficiency and accuracy. ‘Telecommuting and Remote Work Solutions: Particularly relevant in recent times, IT enables organizations to implement remote work sohitions ‘Virtual private networks (VPNs), collaboration tools, aud secure couuunication platforms support a flexible and resilient workforce, In conclusion, the applications of IT in organizations are diverse and integral to modem business operations. From optimizing intemal processes to enhancing customer experiences and ensuring Gata security, IT contimees to bea driving force behind organizational suecess and adaptability in the ever-changing business landscape. Explain_the Anthony and Simon framework for_understanding the MIS_and decision making process. ‘ANS: According to model presented by Robert Anthony, the strategic planning is one of the major activities in business planning and control. The other two are the management control and operational control, Strategic Planning Planning and M: it Control salieaaain Control System Operation Control 1. The process of deciding on an organization's goals, assessing potential changes to those goals, selecting the resources needed to achieve those goals, and developing the policies that control the acquisition, utilisation, and disposal of those resources is known as strategic planning. 2. The process by which managers ensure that resources are acqnired and used effectively and efficiently to meet the organization's goals is known as management control. 3. The practice of assuming that particular activities are completed successfully and efficiently is known as operational control The Simon's Decision-Making Process: Simon’s framework has broken down the process of decision making into three stages: 1. Intelligence: This is the stage in which the decision maker recognizes that there is a problem or ‘opportunity that requires him to make a decision. 2. Design: The decision maker determines the alternatives that are available to him to resolve the problem or exploit the opportunity MEENAKSHI SHARMA SANKHYAN (THE NAME KNOWN FOR QUALITY CONTENT) DOWNLOAD ASSIGNMENTS ONLINE: http://ignouassignmenthelper.conyMEENAKSHI STUDY PLATFORM (WHATSAPP 9816311521) ORDER IGNOU SOLVED ASSIGNMENTS (SOLVED PDF, HANDWRITTEN {SCANNED PDF 8HARDCOPY}) 3. Choice: In this stage, an alternative generated in stage-2 is singled out to be pursued. The selection process may involve feasibility analysis or cost-benefit analysis Herbert A. Simon, a Nobel laureate, introduced the concept of bounded rationality and proposed a model for decision-making. His framework comprises three main stages Intelligence Phase: Iu this phase, decision-makers ideutify and define the problem. They gather information, explore alternatives, and recognize the need for a decision. Information systems play a crucial role in providing relevant data during this stage, helping decision-makers understand the context and the challenges they face Design Phase: Once the problem is defined, decision-makers design potential solutions. Information systems assist in simulating scenarios, analyzing data, and evaluating possible outcomes. This phase involves generating and assessing alternatives to address the identified problem. Choice Phase: This isthe stage where decision-makers select a specific solution from the altematives considered in the design phase. Infonnation systems provide support by offering insights into the consequences of each option, helping decision-makers make informed choices. Linking Simon's Framework to Management Information Systems (MIS): Data Gathering and Processing: MIS facilitates the intelligence phase by providing decision-makers with accurate and relevant Gata, Through data aualyties and reporting functionalities, MIS ids in identifying trends, issues, and opportunities. ‘Modeling and Simulation: During the design phase, MIS supports decision-makers by offering modeling and simulation tools. These tools help in creating scenarios and evaluating the potential impact of different decisions before implementation. Decision Support Systems (DSS): Decision support systems, a subset of MIS, play a vital role in the choice phase. These systems provide interactive tools and dashboards that assist decision-makers in analyzing alternatives, predicting outcomes, and selecting the most appropriate solution. Feedback and Learning: MIS supports the continuous improvement of decision-making processes by providing feedback mechanisms. Analyzing the outcomes of decisions helps refine future strategies and enhances the Jeaming loop within the organization. While Simon's framework is one of the foundational models for understanding decision-making, it's important to note that various other frameworks and models exist, each emphasizing different aspects of the decision-making process and the role of information systems In conclusion, the integration of Management Information Systems with decision-making processes is crucial for organizations seeking to enhance their ability to gather, process, and utilize information effectively. By aligning with models like Simon's, businesses can create a structured approach to decision-making that leverages the capabilities of modem information systems. An MIS should not automate the existing procedures, MIS should act as a catalyst of change in the processes of an organization. For instance, a private bank sanctions loans by using a sequential MEENAKSHI SHARMA SANKHYAN (THE NAME KNOWN FOR QUALITY CONTENT) DOWNLOAD ASSIGNMENTS ONLINE: http://ignouassignmenthelper.comy/