Monday, April 13, 2020
Make Sure That You Know What You Are Writing
Make Sure That You Know What You Are WritingIt is the dream of every student to write an effective response essay sample thesis. In some cases, students will be able to write a better response essay because they can read the sample as well as sample thesis. The sample can even have some ideas to improve your response essay sample thesis or even show you how to fix the flaws.You will be able to find the typical response essay sample thesis in the yellow pages, in the bookstore or online. However, if you have the extra cash, you can even buy them from schools. The schools will give you a list of the response essay sample thesis for your review.With the response essay sample thesis, you need to make sure that you know what you are writing. It is important that you finish the paper before it becomes a joke. Writing a typical response essay sample thesis takes so much time and effort. With this, you are more likely to finish the paper early than to write the thesis at all.While you will b e able to get some ideas from the sample thesis, you may also have a way to improve the thesis. The main idea is to have some ideas to improve your thesis. In this way, you can even get the sample thesis for free.When you are getting the sample thesis, make sure that you look for some mistakes or bad points about your subject. Look for possible changes that can improve your thesis. By doing this, you will find more ideas for improvements in your response essay sample thesis.You may also have the chance to send the sample thesis to your instructor. You can even request for a response essay sample thesis online. This will allow you to revise the thesis even before it is sent. The instructor may even ask you to do some revisions before it is sent out to the class.Although the sample thesis will help you improve your thesis, it will still be up to you to write the thesis. The one thing that you must remember is that you can't just copy the sample thesis. You need to take note of what yo u learned from the sample thesis. The final result may still differ depending on how you can make the correction.
Tuesday, March 24, 2020
Adoption of Electronic banking system in Ethiopian Banking industry Barriers and Drivers free essay sample
1. Introduction This review assesses the thesis ââ¬ËAdoption of Electronic banking system in Ethiopian Banking industry: Barriers and Driversââ¬â¢. The review will first describe the research problem the thesis tries to address. Secondly, it critically assesses the validity of the research question in light of the stated research problem. In the third place, the review will also examine suitability of research design, type of data collected and data collection method elected, the sample selected, and method of data analysis. The review also evaluate whether or not findings are framed in accordance with the research questions established and that the conclusions follow findings and that recommendations are based on conclusions drawn. The review will also identify the weakness and strengths of the research and finally makes out the lessons drawn out from the thesis review. 2. Description of the research problem Basically the researcher intended to address the problem that Ethiopian banking industry is facing due to the underdevelopment of E-banking in the country. We will write a custom essay sample on Adoption of Electronic banking system in Ethiopian Banking industry: Barriers and Drivers or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In comparison to the banking industry operating in the developed country, it is undeniable that the banking industry in Ethiopia is undeveloped. Even though the international trade and import and export business of the country have been growing, the banking system is short of providing efficient and dependable services. E-banking has lots of benefits in delivering banking services to bank customers even though the service consumers are not enjoying with the technological advancement in banking sector which has been entertained elsewhere in most developing and developed countries. The reason for this is lack of awareness or competition among banks. The situation in Ethiopia in connection with the low extent of ICT infrastructure like in developing nations is also the major problem which has not been able to diffuse in the society given the low rate of internet access. 3. Assessing the validity of the research questions in light of the stated research problem The researcher developed the main research question and in order to be able to provide an ample justification to answering the main research question, he has drawn out three basic researchà questions to be addressed in the research. The main research question is ââ¬Å"What are the dimensions affecting the adoption of E-banking system in Ethiopian banking industries?â⬠And the three questions are as follows. 1. What are the barriers to E-banking adoption in Ethiopia? 2. What are the drivers for E-banking adoption in Ethiopian banking industry? 3. What are the benefits of E-banking? As the thesis described a research study that was conducted by the researcher, the thesis contained valid research questions that can addresses the problem stated in connection with e-banking in Ethiopia. The researcher tried to answer the main question regarding the dimensions that affect the adoption of e-banking system with the three sub questions that are related with the barriers, drivers and benefits of E-banking. The first question addresses the barriers that hinder banks in Ethiopia from rendering E-banking services and which contributes to its underdevelopment. The researcher tries to answer with this question not only the barriers but also the numerous challenges the Ethiopian banking industry faces to adopt E-banking system and capitalize on the opportunities by using the ICT applications. The second research question deals with the drivers or the benefits generated from adopting E-banking in Ethiopian banking industry. With this question the researcher intended to list factors that contribute to the development of E-banking in the banking industry in Ethiopia. With the third question the researcher tried to manage answering the benefits generated in using E-banking technology that would have a direct contribution to the improvement of the current banking system which in turn enable the E-banking to provide efficient and dependable services. Therefore, all the research questions developed by the researcher are valid in addressing the research problems. 4. Examining the suitability of research design, type of data collected and data collection method elected, the sample selected, and method of data analysis. 4.1 Suitability of research design The researcher adopts both quantitative and qualitative (mixed) research methodology so as to attain the objective of the study and answer the research question. Such data collection method is used in undertaking thisà study in order to gather data that could not be obtained by adopting only either quantitative or qualitative method and for triangulation. The research strategy engaged in the research was survey study and data were collected by using questionnaire and interview. SPSS was used to analyze the data. 4.2 Type of data collected and data collection method selected The type of data collected in this study was primary data. The method of data collections technique consists of Survey, interviews and document analysis. Regarding the survey, questionnaire was distributed to the staff of the four purposively selected banks: one state owned and three private commercial banks to identify their intension on the adoption of E-banking systems. The questionnaire was distributed to 160 employees, all the staff of E-payment or IT department of each bank was participated in the study. Interviews were conducted with the managers of the purposively sampled banks and with one person (banking department manager) at National Bank of Ethiopia. Collecting of data by using questionnaire and interview were supported by different documents obtained from records and reports of the industry, from web site, books, articles and Journals. 4.3 Sample Selected The research was conducted on the samples of 4 commercial banks, one from state owned commercial bank and private commercial banks. These samples were chosen purposively based on their familiarity with technological innovations in Ethiopia. And this technique also decreases the generalizability of findings. 4.4 Method of data analysis. The researcher analyzed the data collected through survey to statistical populations concerning the adoption of E-banking system. The data collected via questionnaire was analysed with descriptive statistics using statistical package for social scientists (SPSS). And the data that was collected from the interview and review of documents were interpreted qualitatively. 5. Evaluation of the Findings whether they are aligned with the research questions established and that the conclusions follow findings and recommendations are based on conclusions drawn. 5.1 Evaluation of the Findings whether or not they are framed in accordance with the research problem established The findings were developed towards the end of the thesis identifying the barriers, drivers and benefits generated from theà adoption of E-banking in Ethiopia. Three factors that determine barriers are stated in the findings section as: 1. Technological barriers ââ¬â Security risk and lack of trust on the technological innovation used by the banking industries. 2. Organizational factor ââ¬â financial cost and human resource is considered. However financial costs were not considered as barrier for the adoption of E-banking in Ethiopia. Regarding human resource, lack of technical and managerial skills to use and implement the system is considered as a barrier. 3. External environmental factors ââ¬â lack of legal framework that govern E-banking system at national level is mentioned in the findings. In addition to this, lack of ICT infrastructure and absence of competition between local and foreign banks were also identified as barriers in the research. In the study basic benefits banks could get from utilizing E-banking are spotted out. Those benefits are considered as the driving force for the adoption of the electronic banking system. The two drivers are classified based on Technology Acceptance Model (TAM): perceived ease of use and perceived usefulness. This is considered as a major benefit of using E-banking system. The other benefit searched out was its usefulness in terms of time and cost saving. The two benefits are basic and that they drive the banking industry to adopt technological innovations. The study also come up with the list of benefits acquired in implementing the E-banking system such as enhancing customer satisfaction, reduce the number of customers that appear to the banks in person, increase the productivity of banks, increase reliability and accessibility of banking service, create good relationship between clients and bank and also used as a better information control. From the above stated findings point of view the researcher well framed and the findings are in accordance with the research questions. All questions are addressed in the findings. 5.2 Evaluating the relationship of the Conclusions and Findings In assessing the conclusions drawn out from the study and check their relationship with the findings, the conclusions are summarized as follows. Lack of legal frame works and low level of ICT infrastructure contributes to the undeveloped E-banking system, such as ATM, mobile banking, internet banking and other e-banking services. The security risk and lack of trust on the use of technological adoption are other major barriers for the E-banking system. The imperfect competition among local and foreign banks is also another challenge for the adoption of E-banking in theà country. The limited technical and managerial skills available in the country for maintaining E-banking system. And regarding the benefits the study concluded the following. Perceived Ease of use is the basic benefit of E-banking in which it enables bank staff to perform banking activities in a simple way. Perceived usefulness in which it is used for time saving and Cost reductions are very great potential for banks to improve their public image. The understanding of the barriers to E-banking system implementation discovered in the study also help to take the best course of actions to promote the development of E-banking. This will also be valuable to all banking sectors of the country to increase their awareness and understanding of E-banking benefits. The conclusion is structured well, it also follows the finding and is in accordance with the findings of the study. 5.3 Assessment of the relationship between Recommendations and Conclusions Based on the conclusions the researcher recommends the following. The recommendations address each of the conclusions drawn out in the study. The National Bank of Ethiopia needs to urgently establish a clear set of legal frame works on the use of E-banking in the banking sector. This will successfully facilitate E-banking implementation in Ethiopia. ICT infrastructure is the main prerequisite for triumphant adoption of E-banking. So the government should support the banking industry by providing ICT infrastructure development. So as to survive and become competent in the banking industry, banks need to move away from traditional bank competition to a new technology focusing on cost reduction, customer retention, awareness, credibility, security, ease of use, and wider scope of products and services. In order to be able to best use of the E-banking system, banks need to familiarize their customers with the process and inform them the benefits they get from the system. Banks should pay special attention to deliver services to customers by using E-banking system which is ease of use.
Friday, March 6, 2020
Free Essays on Waking Life
Richard Linklater accomplished a vision that he had almost scrapped until the immergence of a new technique in rotoscoped animation. Waking Life is a film infused with the power of animation that takes us through a journey of dreams and makes one question their own reality. The method of animation used was the step to making this powerful piece of cinema a reality and would not have happened without it. Rotoscoping was inventing in 1915 by animation pioneer Max Fleischer. It is a method that takes live action footage and traces over the images to produce very realistic movement. It is because of this tracing method that some feel rotoscoping is a sort of a cheat or easy way out. However, rotoscoping and other forms like it are a way to explore animation and its creativity even further; it allows animators more artistic freedom by saving labor: ââ¬Å"To not use these labor saving methods and tools would take us back to the days when acetate cells werenââ¬â¢t invented and you had not only to animate every frame but had to redraw the background every time as well.â⬠It was this type of freedom that allowed everyone involved with the piece to create a film that is just as visually stunning as it is narrativly. Director Richard Linklater wanted to bring artist, like painters, who did not necessarily know anything about producing animation and involve them in the process as animators. To accomplish this Linklater enlisted animator Bob Sabiston as art director. Sabiston brought with him his own developed software nicknamed RotoShop. This software was the tool that allowed artists of all animation levels to create their visions. It is a system that allows artists to trace over the video (Quicktime) with Wacom pens and tablets with results that are very close to brush strokes on a canvas. This method is accelerated due to the softwareââ¬â¢s interpolation system, which automatically connects lines within so many frames. Sabiston co... Free Essays on Waking Life Free Essays on Waking Life Richard Linklater accomplished a vision that he had almost scrapped until the immergence of a new technique in rotoscoped animation. Waking Life is a film infused with the power of animation that takes us through a journey of dreams and makes one question their own reality. The method of animation used was the step to making this powerful piece of cinema a reality and would not have happened without it. Rotoscoping was inventing in 1915 by animation pioneer Max Fleischer. It is a method that takes live action footage and traces over the images to produce very realistic movement. It is because of this tracing method that some feel rotoscoping is a sort of a cheat or easy way out. However, rotoscoping and other forms like it are a way to explore animation and its creativity even further; it allows animators more artistic freedom by saving labor: ââ¬Å"To not use these labor saving methods and tools would take us back to the days when acetate cells werenââ¬â¢t invented and you had not only to animate every frame but had to redraw the background every time as well.â⬠It was this type of freedom that allowed everyone involved with the piece to create a film that is just as visually stunning as it is narrativly. Director Richard Linklater wanted to bring artist, like painters, who did not necessarily know anything about producing animation and involve them in the process as animators. To accomplish this Linklater enlisted animator Bob Sabiston as art director. Sabiston brought with him his own developed software nicknamed RotoShop. This software was the tool that allowed artists of all animation levels to create their visions. It is a system that allows artists to trace over the video (Quicktime) with Wacom pens and tablets with results that are very close to brush strokes on a canvas. This method is accelerated due to the softwareââ¬â¢s interpolation system, which automatically connects lines within so many frames. Sabiston co...
Tuesday, February 18, 2020
Business Eithics (British Airways) Essay Example | Topics and Well Written Essays - 2000 words
Business Eithics (British Airways) - Essay Example This is because the directors and managers are charged with corporate governance by the owners of the entity and hence, one would expect them to be focused on meeting the best needs of the owners of the entity in question. The fundamental question is how do the people charged with corporate governance meet the best needs and expectations of the owners of an entity? There are two approaches to answering this question (Fernando, 2009). The first is the shareholder approach. Under the shareholder approach, a business has two fundamental objectives: to obey the law and to maximise shareholders wealth (Fernando, 2009). This approach suggests that managers need to put everything aside and only focus on profit maximisation. The second approach, which is known as the stakeholder approach states that the people charged with governance have a fundamental duty of maximising profits under the constraits of respecting the obligations owed to external stakeholders (Fernando, 2009). Freeman et al (2010) define stakeholders as ââ¬Å"any group or individual that can affect or is affected by the achievement of a corporations purposeâ⬠(p86). This means that any entity that is within or outside an entity that is influenced or influences the activities of a company in its bid to meet its objectives is known as a stakeholder. In analysing the fundamentals of the key debates in this area, Mullerat identifies that the shareholder perspective is based on the short term vision of maximising returns on investment (2009). On the other hand, the stakeholder perspective supports a longer term theme of promoting sustainability in profit making and this is the best way to ensure that a business thrives into the future. British Airways is fundamentally operated as a company and thus, it has a profit motive which requires the management and those charged with governance to make
Tuesday, February 4, 2020
Cooperative Learning Research Proposal Example | Topics and Well Written Essays - 500 words
Cooperative Learning - Research Proposal Example This may be due to the fact of clashing personalities and possession of strong ideas that may be hard to reconcile with others. In this regard, cooperation is hailed as a fundamental concern, not only of the educators but also in both local and global organization perspectives (Slavin, R. et al., 1985) The purpose of this paper is to present and exemplify some possible solutions that address to the emerging problem in the aspect of cooperation, as well as to cite possible ways in order to enhance the so-called cooperative learning among members of a team, group, an organization, or the stakeholders in general. "We are intelligent, but an intelligent human alone in the forest would not survive for long" (Slavin, 1985, p. 5). This quoted line from Robert E. Slavin (1985) exemplified the essence of cooperation with other individuals living in the society. In this manner, there must be a need to develop one's skills to cooperate and socialize with other human beings. Nevertheless, conflicts are also inevitable in due course of human group interaction. This may be due to the individual characteristics that could affect group interaction.
Sunday, January 26, 2020
Globalisation: Homogenisation or Diversification?
Globalisation: Homogenisation or Diversification? Yannick Buitenhuis Introduction Globalisation has brought changes and has increased global interaction. This growing interconnectedness has led to the movement of ideas, values, ways of living and attitudes across the world. Despite that the interaction between culture and globalisation is not a new one, this process of cultural globalisation has brought forth a relatively recent debate about its outcomes for the world (Hassi Storti, 2012, p. 3 7). The debate revolves around two diverse trends that cultural globalisation can bring, namely if the globalisation is homogenising, or differentiating the world. In line with Nederveen Pietserse (1996, p. 137), these are not the only trends that can be distinguished, but are probably two of the main ones. This paper will therefore focus itself on this debate by discussing both sides and will keep the following question in mind: Is globalisation cultural homogenising or differentiating the world we live in? The discussion brings the arguments of both sides to the light and will be elaborated on the basis of some worldwide and local holidays. Subsequently, my own opinion about the matter of cultural globalisation is given in the conclusion to answer the above question. Discussion As earlier mentioned, the discussion will focus on two different views in the debate of cultural globalisation. The two views can be seen as each other opposites. The first that will be discussed will be the idea of homogenisation. Subsequently, the idea of differentiation will be discussed. Both views will be elaborated at the hand of holidays that are celebrated across the world. Homogenisation The first interpretation of the process of cultural globalization is the idea that as a cause of technological innovation, commercial and cultural synchronisation arising from the ââ¬ËWestââ¬â¢, the world is becoming more the ââ¬Ësameââ¬â¢, more standardised and more uniform (Nederveen Pieterse, 1993, p. 265). Homogenisation brings about a world that is becoming overwhelmed by forces making for sameness that is the global standardisation of culture and institutional structures (Robertson White, 2003, p. 15). This concepts argues that the connections between geographical places and cultural experience are being weakened by the dynamics of globalisation and that the feeling of spatial distance is wearing down (Hassi Storti, 2012, p. 9). A key assumption is that of cultural imperialism, the idea that a few Western societies or the society of the United States carry out their culture upon the world (Ritzer as cited by: Kuhn, 2009, p. 56). The transnational expansion of common codes and practices is the cultural element of this process and can be related to the concept of consumer culture. By adopting the Western/American example, cultures and consumption practices are becoming globally more the same (Kuhn, 2009, p. 56). This can also be related to the spread of some holidays. For example, people worldwide buy a rose for their love on Valentineââ¬â¢s Day in February. This (commercial) aspect of this holiday blown over from the Anglo-American world is now part of many cultures in the world. Another example is Halloween. People worldwide dress themselves in costumes and are decorating their houses with pumpkins and cobwebs. Special events are also organised revolving around Halloween, for instance the Halloween Fright Nights in amusement park Walibi in Biddinghuizen. So in this case, one could indeed argue that some aspects of (western) culture are being spread across the world and are carried out upon other cultures. The same holidays are being celebrated and their practice is the same worldwide. Differentiation The second interpretation is the opposite of homogenization. Differentiation assumes that the world is becoming diverse and focuses on the diversification between places. Individuals and groups have influence on globalisation and globalisation copes with and is characterised by a diversity of reactions. The idea rejects that this process establishes a homogenisation of cultures resulting from one way interaction from Western cultures (Hassi Storti, 2012, p. 7; Kuhn, 2009, p. 58). Also, Ritzer (as cited by: Hassi Storti, 2012, p. 7) argued that differentiation relates to barriers which prevent flows that contribute in making cultures look the same. Cultures will therefore stay different form each other and cultural differentiation will stay in a globalising world. Practices of other cultures are present in different cultures, but will stay within the margins of local and national cultures. Thus, different global and local cultures will coexist next to each other. Only the criteria t hat cultural groups use to define their identity and to differentiate from others can change (Hassi Storti, 2012, p. 8). The intensification of flows across cultures causes a more inwardly appearing world. Local cultures can indeed be affected by globalisation and its flows, and this can influence the transformation of cultures, but the core of the culture will remain intact (Ritzer, 2010. Cited by: Hassi Storti, 2012, p. 7). Even so, these multi-directional global flows and world processes do not wipe out local cultures, but they modify some of their characteristics and strengthen others (Hassi Storti, 2012, p. 8). The strengthening of some characteristics can come hand in hand with an attempt to differentiate from the global or a form of resistance against the forces of globalisation (Kuhn, 2009, p. 59). Link to this, the fact that Valentineââ¬â¢s Day is banned in the Middle-East since 2008, because it does not fit in the Islamic world (BBC News, 2008). Also, cultural groups will react differently to these forces and will develop differently, different environments ask for different efforts to a dapt. Just like that there are holidays that are global, there are also national and local holidays. For instance, only in the Netherlands and Belgium people celebrate ââ¬ËSinterklaasââ¬â¢. Even with the debate revolving around ââ¬ËZwarte Pietââ¬â¢ and reactions from other countries, a lot of people in the Netherlands embrace the holiday as part of their culture. Reactions were mixed, when it came to the public attention that the UN, a global institution, came to investigate this cultural heritage for racism in 2013, which even strengthened the will for some to celebrate Sinterklaas even more. Another holiday that connected to a culture is the celebration of New Year in the Asian world. Instead of the first of January, many Asians celebrate New Year according to the lunar calendar. Or another example, Thanksgivings Day in Northern America. These examples show that despite the flows of globalisation, some holidays do not cross over and are related to specific cultures, because o f the deep historical roots and context. So, globalisation cannot fully eradicate a culture and its core features which characterises it and does not always spread certain cultural aspects out across the world. Conclusion Two different views are present in the debate revolving around cultural globalization. At the one hand, the view that globalisation is homogenising, and at the other hand the view that it is differentiating. Therefore, in the introduction was asked if: globalisation is cultural homogenising or differentiating the world we live in? In my own opinion, cultures can be seen as dynamic and therefore undergo certain changes over time and are exposed to external forces. Globalisation, time-space compression and technological innovation have made global interaction easier and, thus, interaction between different cultures is taking place. Indeed different characteristic of cultures, mostly Western, are being copied al around the world and some facets in cultures are becoming the same, look at Valentineââ¬â¢s Day or Halloween. So, there are indeed some homogenising effects of globalisation. But my opinion is also in line with what Hassi Storti told, namely that the core of cultures will not let itself as easy influenced. A culture can be seen as concentric circles. The outer rings of a culture can be influenced easier, like some consumption patterns, but this is different for the core. Some aspects are not so easy changed or blown over to others, because they are historical rooted and/or do not fit in other cultures, like Sinterklaas, New Year in Asia or Thanksgiving. There are still cultural differentiations in the world. Thereby, I reason that just like cultures differ, their reactions on aspects of other cultures also differ. Aspects that are recognisable and stand close to their own culture will be embraced, but other aspects can be cast away. People can influence globalisation and there is, like Kuhn said, a diversity in reactions. In this way globalisation can be seen as ââ¬Ëthe windââ¬â¢ in a Chinese proverb, and when it blows, some build walls, while othe rs build windmills (European Commision, 2013). References BBC News (2008), Saduis Clamp Down on Valentines. http://news.bbc.co.uk/2/hi/middle_east/7239005.stm. Last used on: 5 October 2014. European Commision (2013), The Commissioners (2010-2014): Connie Hedegaardââ¬â¢s articles. http://ec.europa.eu/commission_2010-2014/hedegaard/headlines/articles/2013-07-05_01_en.htm. Last used on: 5 October 2014. Hassi, A. Storti, G. (2012), Globalization and Culture: The Three H Scenarios. In: H. Cuadra-Montiel (ed.), Globalization: Approaches to Diversity, pp. 3-20. Rijeka (HR): InTech. Kuhn, K. (2009), Consumerist Lifestyles in the Context of Globalization: Investigating Scenarios of Homogenization, Diversification and Hybridization. In: H. Lange L. Meier (eds.), The New Middle Classes, pp. 49-64. Dordrecht: Springer Science+Business Media businesses Nederveen Pieterse, J. (1993), Globalization as Hybridization. Working Paper 152. The Hague: Institute of Social Studies. Nederveen Pieterse, J. (1996), Globalisation and Culture: Three Paradigms. In: Mansbach, R.W. E. Rhodes (eds.), Introducing Globalization: Analysis and Readings, pp. 135-144. London: Sage. Ritzer, G. (2004), The Globalization of Nothing. Thousand Oaks: Pine Forge Press. Robertson, R., White, K. E. (2003), Globalization: An overview. In: R. Robertson, K. E. White (eds.), Globalization: Critical concepts in sociology, pp. 1ââ¬â45. London: Routledge. Tomlinson, J. (2003), Globalization and Cultural Identity. In: Held, McGrew, Goldblatt Perraton (eds.), The Global Transformation Reader, pp. 269-277. : Cambridge (UK): Polity Press. Xincus (2014), A National Study: Becoming the Chamber of the Future. http://www.xincus.com/Survey. Last used: 5 October 2014.
Saturday, January 18, 2020
Management Information Systen Use by Kfc
Management information system use by KFC Management Information Systems (MIS) is the term given to the discipline focused on the integration of computer systems with the aims and objectives on an organization. Each KFC outlet use MIS in accounting, knowing production, and very useful in formulating HR policies which helps them to rate their employees. The development and management of information technology tools assists executives and the general workforce in performing any tasks related to the processing of information.MIS and business systems are especially useful in the collation of business data and the production of reports to be used as tools for decision making. With computers being as ubiquitous as they are today, there's hardly any large business that does not rely extensively on their IT systems. However, there are several specific fields in which MIS has become invaluable. MIS systems can be used to transform data into information useful for decision making. Computers can provide financial statements and performance reports to assist in the planning, monitoring and implementation of strategy.MIS systems provide a valuable function in that they can collate into coherent reports unmanageable volumes of data that would otherwise be broadly useless to decision makers. By studying these reports decision-makers can identify patterns and trends that would have remained unseen if the raw data were consulted manually. MIS systems can also use these raw data to run simulations ââ¬â hypothetical scenarios that answer a range of ââ¬Ëwhat ifââ¬â¢ questions regarding alterations in strategy.For instance, MIS systems can provide predictions about the effect on sales that an alteration in price would have on a product which is very useful for KFC future development. These Decision Support Systems (DSS) enable more informed decision making within an enterprise than would be possible without MIS systems. Not only do MIS systems allow for the collation of va st amounts of business data, but they also provide a valuable time saving benefit to the workforce.Where in the past business information had to be manually processed for filing and analysis it can now be entered quickly and easily onto a computer by a data processor, allowing for faster decision making and quicker reflexes for the enterprise as a whole. Management by Objectives While MIS systems are extremely useful in generating statistical reports and data analysis they can also be of use as a Management by Objectives (MBO) tool. MBO is a management process by which managers and subordinates agree upon a series of objectives for the subordinate to attempt to achieve within a set time frame.Objectives are set using the SMART ratio: that is, objectives should be Specific, Measurable, Agreed, Realistic and Time-Specific. The aim of these objectives is to provide a set of key performance indicators by which an enterprise can judge the performance of an employee or project. Benefits o f MIS The field of MIS can deliver a great many benefits to enterprises in every industry. Expert organizations such as the Institute of MIS along with peer reviewed journals such as MIS Quarterly continue to find and report new ways to use MIS to achieve business objectives.KFC ââ¬Ës Core Competencies Every market leading enterprise will have at least one core competency ââ¬â that is, a function they perform better than their competition. By building an exceptional management information system into the enterprise it is possible to push out ahead of the competition. MIS systems provide the tools necessary to gain a better understanding of the market as well as a better understanding of the enterprise itself. Enhance Supply Chain Management Improved reporting of business processes leads inevitably to a more streamlined production process.With better information on the production process comes the ability to improve the management of the supply chain, including everything from the sourcing of materials to the manufacturing and distribution of the finished product. Quick Reflexes As a corollary to improved supply chain management comes an improved ability to react to changes in the market. Better MIS systems enable an enterprise to react more quickly to their environment, enabling them to push out ahead of the competition and produce a better service and a larger piece of the pie.These factors help KFC to work smoothly and efficiently as we already known that they are the only fast food chain which is selling fried chicken in which they are specialized. MIS systems let the KFC management: â⬠¢ To capture information and store it, whenever they are making bills it helps them to count sales per day, per week and per month because a copy of the bill is stored in the computer. â⬠¢ Access stored information easily and manipulate it for the needs of their clientsââ¬â¢ while billing or taking order they just enter the code of the product requested at t hat time and the quantity demanded.Eg-Product code Product name Product price (in Rs. ) 01 Small Coke 20 02 Medium coke 35 03 Large coke 45 04 Small coke+ Lollipop Chicken 65 05 Fried Chicken tub(small) 105 06 Small French Fries 25 07 Large Fries 45 08 Chicken Burger 25 09 Fried Chicken tub(large) 145 10 Veg. Burger 20 In KFC the above mentioned kind of information is stored in each computer that they use to maintain is SAP-sale module . They given codes to their 45 products just by entering the code the product name comes out with cost on the screen. â⬠¢ Control flow of information into, around and out of the systems. Work within legislation such as the Data protection Act. â⬠¢ Manage resources this is a very important function as every day inventory is recorded and therefore resources could be managed. â⬠¢ Produce reports for themselves so that they can compare their own performances with their own and other. â⬠¢ Maintain records needed for quality control so that the success story of all the employees can be appraised. â⬠¢ Respond confidently to the demands of the Common Inspection Framework MIS help them because they now easily check when the last stocking was done. Manage and track employee records of work, achievement and progression for promotions. â⬠¢ Record and track outcomes. â⬠¢ Manage marketing information to further improve sales.. â⬠¢ And a host of other information related functions. If Management Information Systems are flexible, and relate to the needs of the organization, the clients and the curriculum that they are delivering, then they work well and effectively. One has to be sure that, whatever systems you use, they suit your purposes and can be customized to do so, are easy to use and allow rapid data entry with rapid and flexible access for reporting purposes.
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