Business information system
Nishant Haran presented on business information systems to Prof. Butchi Babu. Business information systems represent the controls and processes that businesses use to analyze information and effectively manage operations, including accounting systems. They facilitate better decision-making, allow management to review practices and formulate new strategies, and help control people and processes to achieve goals. Information systems standardize operating procedures, enable uniform work and clear accountability, and aid intelligent decision-making by analyzing options in terms of costs, time, and resources. Electronic and mobile commerce applications include e-tail, cyber mail, and banking, among others. Advantages include reduced costs and improved customer service, while threats include security issues, fraud, and lack of internet access. Def
Business information system
- 1. BUSINESS INFORMATION SYSTEM PRESENTED BY NISHANT HARAN PGDM BATCH 2015-17 PRESENTED TO PROF. BUTCHI BABU
- 2. Meaning of BIS • Business information systems represent a system of controls and processes which a business uses to analyze information needed to effectively manage their business.These controls and procedures can include accounting systems. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 2
- 3. Objectives of BIS • The use of information systems facilitates better decision making in the company. • Management is able to review all the present practices and norms and formulate new ones for the future. • Information systems are used across all realms and functions of the business. • Management is able to better control its people and processes and attain organizational goals. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 3
- 4. Standard Operating Procedures • Information systems tabulate and record all the important processes and internal controls of the organization. • Standard operating procedures for all the processes are defined by information systems. • There is uniformity in the work, and fixation of accountability and authority becomes easier using information systems. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 4
- 5. Analyzing Options • Information systems aid in efficient and intelligent decision making. • Using information systems, the managers are able to evaluate the trade-offs for each method. • The cost involved, time to competition and resources required are all contrasted and the best method is finally chosen. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 5
- 6. Electronic Commerce and its types. • Business to business. • Business to consumer. • Consumer to consumer. • E-Government. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 6
- 7. Multi-Stage model for E-Commerce. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 7
- 8. Electronic and Mobile commerce applications. • E-tail. • Cyber mail. • Electronic exchange. • Market Segmentation. • Investment and finance. • Banking. • E-boutiques. • Advertising. • Price comparison. • Couponing. • Marketing. • Manufacturing. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 8
- 9. Advantages and Threats to E and M Commerce. ADVANTAGES • Reduce costs. • Speed the flow of Goods and information. • Increase accuracy. • Improve customer service. THREATS • Security. • Theft to intellectual property. • Fraud. • Invasion on consumer privacy. • Lack of internet access. • Legal jurisdiction. • Taxation 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 9
- 10. Strategies for a successful E and M Commerce • Defining the website functions. • Establishing the website. • Building traffic to your website. • Maintaining and improving the website. 12/20/2015Property of Indus Business Academy. For Academic Purpose only. 10
- 11. Thank you for your patience.12/20/2015Property of Indus Business Academy. For Academic Purpose only. 11