Strategic Information System Assignment (SIS)

Added on - 28 May 2020

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Running head: STRATEGIC INFORMATION SYSTEMStrategic Information System: National Australia BankName of the StudentName of the UniversityAuthor’s Note:
1STRATEGIC INFORMATION SYSTEMTable of ContentsIntroduction................................................................................................................................2Discussion..................................................................................................................................3National Australia Bank.........................................................................................................31. Comparison and Contrast between Issues and Challenges................................................32. Critical Evaluation of IS Strategy......................................................................................53. Approaches for Developing Innovative Uses....................................................................64. Outsourcing vs End User Computing................................................................................75. Strategic Information adds Value by IT/ IS.....................................................................106. Critical Discussion on Good Internal Control..................................................................11Conclusion................................................................................................................................11References................................................................................................................................13
2STRATEGIC INFORMATION SYSTEMIntroductionStrategic information system or simply SIS is specific types of information systems,which are solely developed for responding to the initiative of a business. This strategicinformation provides exclusive competitive advantages to any particular organization(Galliers and Leidner 2014). Moreover, it helps in delivering any service or product, which isof lower prices and it focuses on any specific segment of market. This is the most importantcharacteristic in information technology. It helps all the organizations and the businesses inthe categorization, storing, processing and transferring the confidential information that isusually created or received (Haux et al. 2013). The strategic information system even offersproper technologies for simply helping all the organizations for applying several analyticaltools and metrics to the repositories of information. This in case allows them in therecognition of the opportunities of development and the ways of pinpoint for theimprovement of the efficiency of the operations.The following report outlines a brief description on the strategic information systemon a popular Australian bank, known as the National Australia Bank. This report discussesabout the six major segments of the strategic information system (Boonstra 2013). Thesegments include comparison and contrast between the issues and challenges that are facedby the planners of strategic information systems, critical evaluation of the fact that whetheran information system strategy is helpful for achieving competitive advantage or not. Theother segments include the approaches for development of innovative utilizations of strategicinformation system and the decision between outsourcing and the end user computing(Laudon and Laudon 2016). The evaluation of the statement that whether strategicinformation system adds value to any organization by IT or IS or not is also describes here.
3STRATEGIC INFORMATION SYSTEMMoreover, the factor of good internal control in any complex business world is also discussedin the report. The description of the above discussion is given below.DiscussionNational Australia BankNational Australia Bank or NAB is one of the most popular banks in Australia andNew Zealand. It is considered as a financial institution in terms of customers, earnings andmarket capitalisation. The ranking of this particular bank was 21 in the year 2014 and wasmeasured by the capitalization of market (Nab.com.au. 2018). National Australia Bank wasfounded in the year 1982 with the name of National Commercial Banking CorporationBanking of Australia Limited. Several offices were made in Chicago, Beijing, Athens, SanFrancisco, Dallas, Houston, New Delhi, Kuala Lumpur, Seoul, Bangkok, Shanghai, Atlanta,Frankfurt and Taipei. However, some of the above-mentioned branches are closed in today’sworld (Nab.com.au. 2018). The main Headquarters of this bank was in Melbourne, Australia.This bank was founded by the merging of two popular banks, namely, National Bank ofAustralia and Commercial Banking Company of Sydney. Apart from Australia and NewZealand, this bank even served to Asia. Andrew Thorburn is the CEO of the bank andKenneth R Henry AC is the Chairman. The market shares of National Australia Bank havealways been on the higher side and thus they have experienced high profit due to this. In theyear 1992, the market shares of this particular bank were 26% more than all other banks(Nab.com.au. 2018). This bank is popular for its innovative organizational strategies andideas. Enterprise Resource Planning or ERP is the best solution for their organizationalstrategies.
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