BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Advantages of having effective information management strategies include:(KK2)
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it allows for organisations to collect large amounts of data about their customers.
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Can be time consuming and costly to implement.
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Legal obligations and legislations must be factored into documentation or a business may risk their reputation.
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Explanation:
Detailed explanation-1: -By developing an Information Strategy in your organisation you can deliver the right focus, in the right format to the right user to make a significant difference to their productivity and success, and as a by-product help an organisation to achieve their business goals.
Detailed explanation-2: -In addition to helping businesses make more informed decisions, an MIS also provides benefits such as improved employee productivity, reduced errors, and increased customer satisfaction.
Detailed explanation-3: -Some of the benefits of effective data management include better decision making, better customer relationship management, increased productivity, and better data analytics.
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