This document discusses the importance of information technology in Smartville business, including the relevant information systems and Michael Porter's business strategies. It also explores the relationship between IT and process change within organizations and the core aspects of the data protection act.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Managing Information and Technology
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Table of Contents INTRODUCTION...........................................................................................................................3 Relevant information systems (IS) that, in your opinion, form the core of Smartville business3 Different social contexts and stakeholder perspectives of IT.....................................................5 Michael Porter business strategies.............................................................................................6 Relationship between IT and process change within organisations............................................7 Data protection act and three core aspect of that act.................................................................7 IT contributes in the management of knowledge within organisations......................................9 how interactions with customers and external parties can be managed using IT.....................10 CONCLUSION.............................................................................................................................10 REFERENCES..............................................................................................................................12
INTRODUCTION Business organisation in current environment are dealing with various changes and strategic development with in the objective of long term sustainability and higher growth, along with the achievement of higher profit.Information technology is the important part of the people life and business activities, as it helps to transfer the information from one place to other, it helps to accomplish business activities from oncountry to another by IT. It helps to modify business plan by providing the knowledge of national and internation business environment. But the business activities with the application of IT is can be risky when it can not manage by the right information system and privacy(Attaran,and Gunasekaran,2019). Now a day its very important to maintain privacy and safe organisation data from outsider, because this can contribute to the loss of organisation important information due to which organisation can face lotsofproblemintheirbusinessfunctionandgoalaccomplishment.Foraneffective managementof the organisationdata and information one of the most effective way is implementationofinformationmanagementsystem,whichpossesshestrongprivacy. Smartville is purpose built factory located in Hambach France , join venture of daimler-benz and Swiss watch manufacturer, produce smart care. In this report importance of IT along with the study of different information system is going to be done. Mechael porter generic strategies in context to Smartville is going to be evaluate. Data protection acts and their core aspect is going to asses in this report. Different roles of the information technology in context to the selected organisation business is going to be analyse. Relevant information systems (IS) that, in your opinion, form the core of Smartville business Importance of IT Information technology is type of networking system which helps to share information and gather information from the internet medium, which involves different applications and networking sites. Know a days that is very importantfor most of the personal and professional activities(Lee,and et. al., 2019). For business organisation that is very important due to its higher role in online selling and marketing of business product's and services. This also play essential role in virtual team management for multinational business. So the major factor of this technology is communication system which helps to communicate with distance peoples. For Smartville this is important because this is the joint venturer of Mercedes-Benz, which operates
in different country due to which they make higher use of information technology fro their effective work management and functioning. Types of Information system Business organisation differ on the basis of their size and function, due to which their needs fro information is differ from each other. So there are numbers of information system which supports each type of organisation. Transaction processing system (TPS)- This is the type of IS which use under the operational system of the organisation for gathering of all essential operationalinformation related to the transaction.This helps to manage the operation functions by giving the appropriate information of sell, remaining stoke and financial transactions. This system is use to record day to day business transaction of the company(Hendy, and et. al., 2020). Such as in case of Smartville they use this system at their operational management level, in order to properly record day to day transaction, as it is important for routine activities management and structuring of operational strategies. In other terms this is important fro selected organisation because that work with their joint ventures in the form of cross shape, due to which they have to sharer the current operational transaction information to each other fro effective coordination. There are some examples of transaction
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
processing system which can be more effective for Smartville. Such as the point of sale system, Payroll systems, stock control system. Management information system (MIS)- This is another important type of information system which most essentially use for tactical management system. Tactical managers use this system to monitor the organisation performance status. Smartville is using this MIS in order to identify the input of the organisation for transaction. Such as this system use the calculation of transaction information in context to the evaluate the current performance of organisation in market place, which represent by the evaluation of transaction information. This helps to predict future performance and needs of improvements. Select organisation use this system to evaluate their product vale in the market that how effectively products are influences their customers, in order to increase the production ofthat product and in other hand, they use this to analyse ineffective product's which have to reduce from higher production plan. Some examples of this system is HRM system, Budgeting system, sales management system(Willcocks, and et. al., 2017). Decision support system (DSS)- This is another most important information management system as it helps to gather all internaloutputssuchasthe(TPS)and(MIS)informationtomakeeffectivestrategic management decision. In context to theSmartville this information system is use by the senior managers. This system manage and gather the important internal information, along with external Information which can be use by the senior manager, to effectively provide the solution for change management and strategic improvement.Such as the selected organisation can use this information commination to make effective changes on their operational techniques. Such as the financial planing system and bank loan management system is importantDSS information system, which use all other information system together for effective decision. Different social contexts and stakeholder perspectives of IT Social context of information technology is that public and community life management method's are changed due to the developing information technology. Some community accepted all these changes and some are not accepting that and influence IT development and application. That is having both positive and negative impact on society, such as it helps in online working and in other hand this can cause cybercrime. In context to the organisation stakeholders
prospective, such as according to the owner, user and public, information technology is important as it helps them into easy life, sale and satisfaction. They illustrate that both requirement and deliverable information should with process with effective and safe way(Zhu, and et. al., 2018). Michael Porter business strategies This is the most effective and useful business strategy for each and every type of the business organisation, develop by the Michael Porters in 1985, this involve there major approaches of generic strategies.Those three approaches are cost leadership, differentiation and focus.One of the strategy, focus isfurther divided into two parts, such as the cost focus and differentiation focus.Smartville is using generic differentiation strategy with in the objective of offering unique cars into the market. Below is the brief analysis of porters generic strategies. Cost leadership-This is the first strategy which involves the some specific instruction and strategy of gaining competitive advantages. This involves the way of developing edges, which helps to get higher sale by taking that away from the competitors. So basically this involves the strategy of increasing profit by reducing the product cost, by charging the average price lower then the competitor.This strategy is not good for selected organisation as there is the chances of organisation value reduction as car is something different from normal product and should not be compromised from quality(Zhang, and et. al., 2018). Differentiation-This strategy most effective and best which involves the development and serving of good and effective quality products, which should be different from others in terms of features and facility. Such as Smartville is using this strategy with their joint ventures, in order to make their value and sale in the market by offering the best and unique quality cars to their customers(Jevtić,and Jevtić, 2017). Organisation is offering different and innovative smart cars to their customers, with the prove of higher quality. For effective implementation of this strategy organisation need to conduct the proper market research for new techniques and they have to plan innovatively. Selected organisation is doing same.Organisation should posses the ability of deliver best quality products, along with all these factors organisation also have to be effective in their sale and marketing strategies. Focus strategy-This involve the focus of organisation towards the specific target market and their requirement in order to get more success in cost and differentiation strategies. Such as the cost focus and differentiation focus strategy explaining below.
Cost focus –This is the type of strategy through which organisation focus on specific market area and offer them lower prices product to the customers of that specific market. This save the loss of organisation in relation to the other market where the product value is different and helps to effectively meet the objectives. Differentiation focus –This is similar to differentiation, but different in one term that is the market and customers needs specification. This involves the instruction for effective business management, according to which organisation have to focus on their target market and analyse their specific need in context to which organisation can offer the best and customers needs specific innovative products. This strategy is can be best for Smartville because this can help them to increase their customer loyalty and relationship then helps to more effectively satisfy the customers(Apollonio, , and et. al., 2018). Relationship between IT and process change within organisations Information technology is the key mode of information gathering and transfer through which organisation can share and garb essential information. Organisation make changes and modification on their process on the basis of changing needs and performance of organisation in market, which collected by the help of information technology. It helps the organisation to analyse the need for change with organisation process. Such as organisation information system use to manage internal and external information with in the aid of information technology, according to which organisation modify their operational practices(Avgerou, and et. al., 2017). Data protection act and three core aspect of that act Data protection is the process of safeguarding important information from cheaters and illegally activities. There are some legal polices and legislation of different country which pay very important role in data protection and help selected organisation to effectively manage their information system of different country(Team, ., 2020). Data protection act 1998-This act was developed by the parliament of United kingdom in order to protect the personal data stored on the computers and on paper filing system. This act developed some rules by EU such as the provision on the protection, movement and processing
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
of the data. This hives rights to the individual for access to their information of their own which is manage by the organisation, and they can set that how their information should be use, store, collect and process by the organisation. This was further modified with in the addition of GDPR in 2016. General Data Protection Regulation This GDPR is develop by the combine decision of EU, in 2016 European parliament and council agreed upon the replacement of data protection directive 95/46/ec in spring 2018 as a primary law that how should be companies practice EU citizen personal data. There are the various rules and regulations under the GDPR which has to be followed by each and every member of EU. Public and organisation data is manage by the local and regional administration. Which monitor the transfer and use of data. This follow the principles of GDPR according to which their should be limitation in the inappropriate use of public data. Each and every data processing activities should be fair and lawful, which can resist the harm of any person. GDPR sets the limitation for irrelevant storage of data. With in the help of this regulation Smartville us effectively managing their data transformation to their partners, without any risk of information loss and copy. This helps the organisation to use common information of market and competitors which is allowed to share and use. Due to which organisation get success in effective Decision support system (DSS). GDPR was adapted by the data protection act and some specificfactors considerunder the this data protection act and regulation is personal data, processing, controller, processor, data subject, data breach(Borgesius, and Poort, 2017). Data Empowerment and Protection Architecture-This an Indian set of data protection regulation, which involves the rules and guidelines for the national individuals that they should control over the decision that how their information is can be use or shared. This was developed to encourage peoples for improved and safe lives.Smartville is also working in the India due to which this is the most important legislation which helps then to protect and shear their data according to the safety rules and regulation of India. DEPAisimpotentandeffectiveforSmartvilleinformationsystematicandIT application. Because it empower the people to securely and seamlessly access and share their data with in the help of Consent manager institution which helps to ensure the security within
every piece of data transfer and access. This involves the application of innovative digital standard such as APIs, which help in all these data processing activities. Core aspect of that act Fair and lawful processing-This is the first important principle or aspect of data protection act which involves the rules and guidelines for the faire and transparent use and transfer of that, according to this each and very individual should be every about that how and who will use their information and for what purpose. In context to the selected organisation this principle help them to effectively use customers information without harming their personal privacy and confidentiality. So that is clear that one of the specific and most essential principle of GDPR is fair and lawful processing of the data without effecting the feelings and aspects of individual(Kosciejew, 2019). Purpose limitation-This is another essential principle of DPA which should be follow by each and every individuals. Organisation and any other individual have to represent the specific and relevant reason for the use of others professional information. There should be clear and relevant expectation of the users. And in other hand that is the responsibility of user to provide the specific privacy notices to the individuals when gathering or using their information. This can help the organisation to effectively collect the customers data with legal method of use. Organisation can protect their information from misuse and illegal activities. Data minimisation and data retention-GDPR is involving this principle of data protection according to which no one can use extra amount of data. Data should be collected in the limited amount on the basis of the task and project information and excessive data should be removed from their storage. With in the aid of this principle organisation is effectively managing the their information sourcing and retention. Through which they save their storage place for relevant and important information and make use of specific required informations(Sokol, MÃÅ¡ek, and Husák, 2017). IT contributes in the management of knowledge within organisations Knowledge management is important for organisation in order to effectively growth within the market, by taking the right decision on the basis of knowledge. This knowledge is develop or collected by the organisation. With the application of information technology and
system. It contribute in the management of knowledge with in the organisation, as it facilitate data collection, access, exchange, and data storage through which the correct knowledge is manage with in the organisation. how interactions with customers and external parties can be managed using IT There are the multiple application and websites of information technology which helps to use internet and app as a medium of information sourcing and transfer. Business organisation are performing various functions in order to achieve success. Such resourcing, production, selling, financial management, environmental study's and marketing along with some other important activities. With in the help of information technology organisation is effectively interconnecting with their customers for product, promotion, advertisement and online selling. There are various way and method of using information technology such as the social and digital medial platform, through which organisation can effectively communicate with their customers. In other hand effective management of external parties, such as the suppliers, dealers, public and creditors. These important external parties of the organisation is can be manage by IT.Organisation can place order and product report to the supplier by IT for best work accomplishment and communication.Companycaneasilycoordinatewiththeircreditorsforbusinessfunds management, whit in the helps of social and digital media platform(Gatti, and et. al., 2019). CONCLUSION From the above study it has been concluded that information system is the most important tool or technology, which help the business organisation to effectively use information technology from their planing, growth and development.There are the three major type of information system Transaction processing system, Management information system, Decision support system. Information technology is important for business organisation because it helps to gather the important business information for effective planing and help to make nation and internation communication through organisation can effectively manage their business function. Portersgenericstrategiesisvery effectivetoolhelpsto use theright costand product development and selling strategies, by the aid of information techniques. There are various data protection act at different country's on the basis of their environment, which helps to protect the organization information from illegal activities. Such as the Data Protection, General Data Protection Regulation, Data Empowerment and Protection Architecture. Data protection acts are
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
processing some commoncoreaspectssuch asthe Fairand lawfulprocessing,purpose limitation, Data minimisation and data retention. Organisation is extracting huge benefits from IT such as for customers interaction, for which they use digital and social media. Then for external parties coordination organisation use social media.
REFERENCES Books & Journal Attaran, M. and Gunasekaran, A., 2019. Applications of blockchain technology in business: challenges and opportunities. Springer Nature. Lee, J., and et. al., 2019. Emerging technology and business model innovation: the case of artificial intelligence. Journal of Open Innovation: Technology, Market, and Complexity, 5(3), p.44. Hendy, T., and et. al., 2020. Enterprise Architecture Artifacts Enablers for IT Strategy and Business Alignment in Forwarding Services. International Journal of Advanced Trends in Computer Science and Engineering, 9(2), pp.1465-1472. Willcocks, L.P., and et. al., 2017. Outsourcing and offshoring business services. Springer. Zhu, J., and et. al., 2018. A critical review of the integration of geographic information system and building information modelling at the data level. ISPRS International Journal of Geo- Information, 7(2), p.66. Zhang, G., and et. al.,2018. Information structures and uncertainty measures in a fully fuzzy information system. International Journal of Approximate Reasoning, 101, pp.119-149. Apollonio, F.I., and et. al., 2018. A 3D-centered information system for the documentation of a complex restoration intervention. Journal of Cultural Heritage, 29, pp.89-99. Team, I.G.P., 2020. Eu general dataprotectionregulation(gdpr)–an implementationand compliance guide. IT Governance Ltd. Borgesius, F.Z. and Poort, J., 2017. Online price discrimination and EU data privacy law. Journal of consumer policy, 40(3), pp.347-366. Sokol, P., MÃÅ¡ek, J. and Husák, M., 2017. Honeypots and honeynets: issues of privacy. EURASIP Journal on Information Security, 2017(1), pp.1-9. Gatti, L., and et. al.,2019. Are we moving beyond voluntary CSR? Exploring theoretical and managerial implications of mandatory CSR resulting from the new Indian companies act. Journal of Business Ethics, 160(4), pp.961-972. Kosciejew, M., 2019. Information’s importance for refugees: Information technologies, public libraries, and the current refugee crisis. The Library Quarterly, 89(2), pp.79-98. Avgerou, C. and et. al.,2017. Information technology in context: Studies from the perspective of developing countries. Routledge. Jevtić,P.andJevtić,M.,2017.IMPORTANCEOFMODERNINFORMATIONAND COMMUNICATIONTECHNOLOGYFORTHEIMPROVEMENTIN MANAGEMENTOFTHECOMPANY.KnowledgeInternationalJournal,20(1), pp.185-193.