Implementing a Strategic Information System in JB Hi-Fi Company

RUNNING HEAD: New information system in organization
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Name of the student-
Topic- New information system in organization
University name

Financial analysis of company
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Table of Contents
Introduction...........................................................................................................................................3
Structure of company............................................................................................................................3
Products and services............................................................................................................................3
Operational functionality.......................................................................................................................3
Current process of JB HI-FI....................................................................................................................3
Any gaps which is not working properly................................................................................................4
Specific issues that new system (strategic information system) will overcome....................................4
Criteria to meet the requirement of the proposed system in organization...........................................4
Constitutes an Information Systems (IS) Strategy.................................................................................4
Why this Information Systems (IS) Strategy is needed in business of JB Hi-Fi Company.......................5
Difficulties which company would face for installing new cyber computing Information Systems (IS)
Strategy.................................................................................................................................................5
Information system failure....................................................................................................................6
Remedies to reduce the complexity and problems of new Information Systems (IS) Strategy.............6
Conclusion.............................................................................................................................................7
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Financial analysis of company
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Introduction
With the increasing ramified economic changes, and complex business structure, each
and every organization implement proper level of strategic planning to achieve its overall
objectives and goals in determined approach. This literature review is accompanied by the
internal and external analysis of the organization. This literature reviews; JB HI-FI Company
has been taken to evaluate its internal and external factors of the business. The main focus
has been made on current operation of the business, specified gap, proposed business plan
and analysing the typical problems faced by the organization. This literature reviews has
reflected the key understanding on the key operation plans and business strategies of the JB
Hi-Fi Company.
JB Hi-Fi Company is an Australian and New Zealand retailers of the consumers goods
specified in video games. This company has been running it business on international level
with a view to diversify its business in various business activities. This company is one of the
largest and fastest growing successful businesses of its kind. The main key founder of
company was John Barbuto and currently company is managed under the guidance of the
CEO of company named Richard Murray (Nestić and Stefanović, 2015).
Structure of company
This company is accompanied by the complex set of activities and structured of the
company is divided into various parts such as Functional department, management
department and business program department. In addition to this, this organization has other
bifurcated divisions that are engaged in other productive work of the organization.

Financial analysis of company
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Products and services
JB Hi-Fi Company is engaged in selling electronic consumer goods around the globe
with a view to increase its overall productivity and efficiency of the business. This company
is an Australian and New Zealand retailers of the consumer’s goods specified in video games
and other electronic goods items (Benson, 2014).
Operational functionality
All the employees of this company are accustomed to act as per the directions and
instructions given by the CEO of the company. However, Strategic information system assists
in establishment of effective communication channel among all the employees, management
and other staff members (Skelton, 2015).
Current process of JB HI-FI
This company has diversified business and mainly indulged in retailing of the
consumers goods specified in video games and investing its funds in venture capital
investment. In addition to this, management department of JB Hi-Fi Company is focusing on
diversifying its business in undertaking satellites and other programs (ENERGY, 2016).
Any gaps which is not working properly
This company has been facing issue of efficient staffs which increase its overall
production cost and complexity of its business. It is considered that by installing cyber
computing enterprises resources planning assists in establishment of effective communication
channel and automation in its business to mitigate this identified gaps. Furthermore, company
has to hire more IT experts in its business (Maas, et al. 2016).