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Strategic information system Assignment PDF

   

Added on  2021-05-30

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Running head: STRATEGIC INFORMATION SYSTEMSTRATEGIC INFORMATION SYSTEMName of the StudentName of the UniversityAuthor Note

STRATEGIC INFORMATION SYSTEM1Introduction:Strategic information system is one of the main feature of the information system. Thestrategic information system mainly discusses the organization structure, the issues with theorganization and accounting software that are used for the improvement of the business. Themain objective of the accounting software is to track and operate the transactions with thebusiness. This type of software mainly associated with the execution. This type of accountingsoftware are highly effective for the different type of processes of the business and thesoftware is used with different type of software models. One of the top organization inAustralia that is the commonwealth bank of Australia is the area in which the furtherliterature review will be discussed. The software of the accounting mainly used in theinformation system as to provide the accounting (Kowalewski and Niedzielska 2015). Thevendors are made this kind of software and then supply it to the various organizations. Thesoftware is mainly accounting software but there are minor changes are made in the systemso that that one software can be used in more than one purpose besides having the accountingability. This kind of software can be of online or this can be offline. The information that arerelated to the accounting is retrieved by the accounting software. The below discussed literature review is the way that helps the processes tounderstand the organizational structure of the Commonwealth Bank of Australia. Along withthe review the various issues that are faced by the Commonwealth Bank of Australia arediscussed. The flowchart of the organization and the market share analysis is also given in thereview. The next part of the literature review the top market leaders and the competitors ofthe marker are discussed.

STRATEGIC INFORMATION SYSTEM2Discussion:Part I: The Organization: (Commonwealth Bank of Australia)The Commonwealth bank of Australia is one of the biggest bank in the Australiancountry. Beside the Australian region the bank has its several branches on the different partsof the world like Asia, U.S, U.K and New Zealand. The bank provides various type ofservices that are related to the finance. The services that are provided by the Commonwealthbank of Australia are “fund management”, “the services that are related to the loanproviding”. “Services related to the investments making”, “retail banking”, “educationalloans”, “other all types of loans” and many more other services. The “Australian SecuritiesExchange” or the ASE has complimented this bank that it is the best bank of the Australia in2015. The commonwealth bank of Australia starts its journey in the year 1911 by theinitiative of the Australian government (Commbank.com.au, 2018). This bank is ranked oneof the top four banks in the Australia the other three top banks are Westpac bank, NewZealand bank and the National Australian Bank or the NAB. Though in the year 1911 it was agovernment bank but in the year 1996 it has become a private bank.Organizational Structure:The organizational structure of the organization includes the total management andthe whole corporate portion of the organization that is the commonwealth bank of Australia.Along with the corporate portion of the bank and the bank management it also includes theassociated persons like the bodies of the management and the employees of the organizationand the customer that has been associated with the commonwealth bank of Australia. Theblow provided figure mainly describes the main organizational structure where the whole

STRATEGIC INFORMATION SYSTEM3management is divided into three different levels that includes the higher level management,middle level management, and the lower level management.Figure 1: The Structure of the Organization of Commonwealth Bank of Australia Issues faced by the organization: (Commonwealth Bank of Australia):The commonwealth bank of Australia is one of the top banks in the Australia.However, the bank still faces several different type of issues. One of the main issue that hasbeen the concern of the bank is the falling rate of the market share in the recent time and thisreason has brought several other drawbacks within the business that has been conducted bythe bank itself. In the recent years it seemed that the market shares of the bank is rapidlyfalling. This share fall is mainly happens because of the different wrong strategies that thathas been adopted in the technology. The bank has started to take action regarding the problem

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