BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ease of retrieval of information
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Currency of files
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Cost of operating the strategy and speed of the strategy
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Security of data
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Detailed explanation-1: -In practical terms, an information strategy needs to define four major components: vision, impact, projects, and timing/costs. The first and most important step in defining your information strategy is to identify what your organization is trying to accomplish using its information.
Detailed explanation-2: -A strategy is effective if it uses the resources you allocate according to your plan and delivers the expected results. You have to continually evaluate use of resources and performance to check if your strategy is hitting your targets.
Detailed explanation-3: -The IMBOK process areas are: Projects: Adding new capacity, software, and hardware to information systems. Business Change: Evaluating information to drive improvements in processes. Business Operations: The day-to-day of a business.
Detailed explanation-4: -Information strategy is linked to knowledge management and information technology strategy. An information strategy is a high level strategic plan for managing an organisation’s information and knowledge resources. It is underpinned by an information policy.