Sim 5 Mis
- 1. Simulation 5: Management Information Systems. In the light of Task 4 you will have seen how much organisational success depends upon being able to find the ‘perfect fit’ between the business environment (Market Conditions) and the capability of the organisation/company itself. The problem, however, is that organisations and their managers are often so focused on daily tasks, ‘fire-fighting’, the short term, defending the status quo and striving towards strategic targets set in the past, that time to look at the present conditions or to think about the future is a luxury that cannot be afforded. Managers need time to be able to consider changes in the marketplace and broader business environment and their impacts and implications for company strategy and operations. To do this, they need a vast range of information to be regularly and consistently collected, organised, analysed, evaluated, communicated and shared in a timely fashion across the company. Instructions: Three Teams of 6: each select ONE of ColmarCo’s three divisions (ensure no duplication) and produce a: Management Information Acquisition and Management Specification Identifying a structure and process for identifying critical information required by the division to support management of change within the division and how it can be acquired, processed, transmitted and turned into useful management information. Remember: the company will need your proposal to be economic, effective and efficient – it will want innovative ideas of the lowest cost means of acquiring such information. Prepare to present your Specification. The Fourth team of 6: you are each going into Tourism with a view to a management role so you each need to be able to have your own ‘Personal Management Information System’ (regardless of who you are working for) to keep you briefed. You do not, however, have a corporate-sized budget to do this. Produce your own ‘Personal Management Information System’ identifying the things you will keep track of (and why) and the means by which you will do this in the professional world. How will you collate such information so that you may use it effectively?