Strategic information system - Assignment PDF
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Added on 2021-05-31
Strategic information system - Assignment PDF
Added on 2021-05-31
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Strategic Information System: Literature Review 1Strategic Information System: Literature ReviewBy NameCourseInstructorInstitutionLocationDate
Strategic Information System: Literature Review 2Strategic Information System: Literature ReviewJust about a decade ago the demand to use cloud-based accounting software was being neglected in Australia. Many business and accounting firms mainly depended on traditional accounting techniques to perform their day to day operations. During the 990s, several accounting software and spreadsheets have been introduced in the accounting sector and they have revolutionized the sector. Majority of accounting firms have adopted these accounting software in Australia and this has improved the efficiency of accounting operations in the organizations (Riungu-Kalliosaari et al, 2016). An example of the companies that have adopted the accounting software in Australia is Deloitte Touche Tohmatsu Limited commonly known as Deloitte. This organization is among the world's largest accounting firms based on the revenue collected and the number of professionals. This essay is a literature review on the company basedon the current organizational structure with its related operation problems, the acquisition method, the sale procedures and any problem control system in the organization. This literature review also discusses the accounting software development and adoption as well as its challenges. Technology advancements occur each and every day and accounting firms should be flexible in adapting the software packages that can help them operate more efficiently.Part 1The Current Organizational StructureThe organizational structure of any organization is very critical in determining the success or failure of the organization. A good organizational structure should clearly outline the roles and responsibilities of every person as well as ensure a smooth and efficient information
Strategic Information System: Literature Review 3flow across all the levels in an organization. The Deloitte Touche Tohmatsu Limited in Australia is governed by a body of governor headed by the chairman who is currently Mike Fucci. The board of governors has the responsibility to guide the company in achieving both its short term and long term strategies and objectives. The board has the role of stewarding and being the voiceof all the partnership and ensuring that long-term success and short-term success of the organization are properly balanced for smooth operation. The board also has the duty of acting asa custodian of the partnership and offers oversight of management to guarantee the organization is protected from both the internal and external risks. The board of governors serves as the advocate of supporting the management to execute the organization's longtime goals and strategy, therefore, ensuring the prosperity and growth of the organization.The Organization also has a chief executive officer (CEO) currently Cindy Hook is occupying this after being appointed in the year 2015. The chief executive officer of Deloitte Australia is associated with her ability to embrace innovations that have driven the progress of the firm. The main role of the CEO is to develop sustainable and transformative solutions to theirclients by bringing together all the resources available to the firm and integrating them well. The CEO is responsible for ensuring that the organization makes positive economic, social and cultural impacts in Australia.The organization also has several management officers that are allocated different responsibilities in the operation of the organization. These officers include the chief operating officers, chief strategic officer, chief risk officer, the chief financial officer as several managing partners such as Audit & Assurance and clients and industries. They are in charge of their respective departments. The management officers are answerable to the chief executive officer who is, in turn, answerable to the board of governors. Going down the hierarchy we have the
Strategic Information System: Literature Review 4operation officers which include the accountants, technicians and subordinate staff of the organization. This organization structure ensures that information flow occurs efficiently thus allowing smooth operation of the organization.Potential Operational Problems of this Organizational StructureThe organizational structure of an organization can seem to be perfect and operational butits impact during the implementation stage is likely to expose the loopholes that may exist in the structure. Therefore, it is likely that the structure of this organization also has some problems in its implementation process. The first problem I think the structure has is that it has not articulatedbusiness model and strategy clearly. The structure has not clearly outlined the guidelines to be followed in making specific decisions. This may lead to ambiguity and confusion in making veryimportant decisions that affect the operation of the organization. The other problem is that the structural design may not be sufficiently solving the problems faced by the organization. Problems facing any organization are dynamic and they change as time goes. A good structural organization should be redesigned periodically to ensure that it is aligned with the current problems at hand and I am not really sure when the organization started using this structure. Whatever year it is, a lot of business dynamics must have changed and therefore it requires to be redesigned.The Most Likely System Acquisition MethodThere are several acquisition methods the company could be using including custom software, ERP or commercial software. Data acquisition is the procedure of selecting signals thatcan be used to measure real world physical conditions and convert the results into digital numeric values the computer can manipulate. The company is likely to be using commercial accounting software since the Sharesight Company announced that it had partnered with Deloitte
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