Strategic Information Management

Topics: Information systems, Decision theory, Management Pages: 5 (1189 words) Published: August 6, 2013
Tutorial notes Level 7 in
Strategic Management and Leadership
Unit 7004

These notes are designed to help you through your assignment. They will do this by: •Task Review - providing some helpful pointers for the tasks •Checklist – last minute checklist before submitting your assignment •Additional reading information – this section may contain articles, or website references which will extend your knowledge on the subject areas.

Your tutor will be happy to help you by answering any questions you may have about particular topic areas, and you can send questions by email or request a telephone tutorial.

Your tutor will also be happy to review one draft of your assignment prior to submission to check that you are on track and identify any areas for improvement or development before you make your final submission. To take maximum advantage of this facility your draft should contain all of the tasks for the assignment.

Research and evaluation

Remember that at level 7, learners would be expected to undertake some research, the results of which they could demonstrate in their assignment. In this way, assignments will have a good balance of description/evaluation of theory as well as practice.

What does this mean exactly? As a minimum this means “name dropping” relevant theories and theorists, and having a bibliography.

For example “as recommended by ABC Guru (2012) personal development should be linked to achievement of corporate objectives. With this in mind I have……

Some assignments will require more than this and will require critical evaluation of specific models, theories and techniques, and/ or how they are/can be used in your organisation. Always seek to evaluate organisational performance/practice where possible and relevant to the assignment.

As well as concepts mentioned in the learning materials you should review resources available from the CMI through Management Direct.

Assignments without a bibliography or referencing will be referred.

General

Remember that an 'MIS' is a planned system of the collecting, processing, storing and disseminating data in the form of information needed to carry out the functions of management. It consists of people, equipment, and procedures to gather, sort, analyse, evaluate, and distribute needed, timely, and accurate information to marketing decision makers."

The terms MIS and information system are often confused. Information systems can include systems that are not intended for decision-making. The area of study called MIS is sometimes referred to, in a very restrictive sense, as information technology management. That area of study should not be confused with the broader meaning for the purpose of this unit. MIS components do not all have to be computer systems although they do play a significant role to speed the collection, processing and distribution of information. Many “dashboard” type IT systems also exist to enable performance information to be managed and shared strategically.

Task Review

Task 1

It is important to remember that this task covers two separate learning outcomes. Learning outcome one deals with the general impact of management information, and learning outcome two is about information sharing. Both topics must therefore be covered by your answer, which should be guided by the points a to g in the task.

In terms of general impact of management information, clearly points need to be made about how management information systems support organisations and their ability to create strategy, make decisions, and monitor their progress and so on. It is also important that you can explain and demonstrate that you understand the difference between data and information, and that as a manager you can apply a variety of criteria to ensure that the data and information you select is appropriate. (Review the grid on page 13)

In terms of sharing information, there are a number of key points that need to be made,...
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