Selecting and Rejecting information (P6, D2)

When receiving information I used it to manage my business decisions and justify what I was or wasn't going to do here are some of the main inputs of information I received:

https://drive.google.com/folderview?id=0B0eZg-JfH0HQeVI0SVdYcU4yVmM&usp=sharing

Legal Information (P3,M2)

Here are my web page designs explaining the legal, ethical and operational issues and how my small business game is effect by each:
https://drive.google.com/folderview?id=0B0eZg-JfH0HQbGc0by0zdU1RNkE&usp=sharing

P4,P5

here is my PowerPoint on the features and functions of information systems(P4):
https://drive.google.com/folderview?id=0B0eZg-JfH0HQVFMtSHlrcEV3S2s&usp=sharing

Management information systems for KMG Goods

A Management information system (MIS) gives a business an advantage by researching in information to increase and maximise profit, resources and efficiency. I am going to use my KMG Goods enterprise as an example to explain and show how KMG Goods use management information systems and why:

Marketing

Within KMG Goods used the information systems to produce reports at the end of the week informing me of the profit I made and what products have or haven’t been selling well. From this I can use the system further to decide on the best action to take when trying to advertise the company and bring more customers in.

Sales performance

The enterprise can use the same reports and systems to review the current sales to identify if I need to order more of a certain product or if another product is not selling well so the price needs to be reduced or completely removed from the shelves.

Competitors

There are other similar sports shops and competitors within a 10 mile radius of KMG Goods so the business uses resources such as the internet which I can interpret the information enter it into KMG Goods management information system to find out competitors’ products and prices to match or lower mine and gain a commercial advantage.


When comparing this information to the business's own records the results can be passed on to marketing to help us draw in the customers.

Financial

Again KMG Goods could use the weekly reports to view my financial status using spreadsheets and databases. The enterprise could use the system to forecast if it was going to make a profit or not and if so KMG Goods could maybe purchase a loan to invest into advertisement or different stock.

Human Resources

Using the information system in terms of human resources the business can see how my employees are working and weather they are motivated, have adequate amount of sales and customers are satisfied with their service.

Promoting the new “click” service (P7,M3)

The tools used in the creation of information:

https://drive.google.com/file/d/0B0eZg-JfH0HQLTFPd1N2ejZzRGM/edit?usp=sharing

I was tasked to research where the best possible place for the roadshow to promote the new “click” service of the small business game. I had to deliberate different locations and decide where the best location would be in consideration of making the best impact to the target audience.

“Click” service report and conclusion:

https://drive.google.com/file/d/0B0eZg-JfH0HQdVptMk5RLWZWUEE/edit?usp=sharing

“Click” service tables and profession graph:

https://drive.google.com/file/d/0B0eZg-JfH0HQejI1Zl9ydHVGVGs/edit?usp=sharing

Data Flow Diagrams (M1)

Please follow this think to find my examples of a high and low DFD:
https://drive.google.com/folderview?id=0B0eZg-JfH0HQWVdJdE91M3FrNWc&usp=sharing

Using information(P1,D1)

Here is my poster explaining how organisations use information within the business such as how Sainsbury’s track their sales with bar-codes and automatically order more products from the manufacturer when they are needed. I also explain how businesses use information to create forecasts to predict what and how much of a product will be bought to accommodate with the amount of stock they have.

https://drive.google.com/open?id=0B0eZg-JfH0HQN1h4QUUxYTRoLTQ&authuser=0

I have played the Small Business Game and have recorded as each week past the types, sources and purposes of information and here is the report, I also show the use of good information and explain what qualities can improve KMG Goods and a small business's information (P1-P7 set and D1) : https://drive.google.com/open?id=0B0eZg-JfH0HQb1c2N0ZjT0JvY3c&authuser=0

Good Information (P2)

When relating to a small business they need to think about getting good information very differently. My poster here you can find how I explained the Characteristics of good information.

Valid and Reliable

Valid and reliable information is crucial as a small business cannot afford to receive information that is falsified not being able to trust the information given when it is needed most. For example a small business has found research and information from years ago, this data may no longer be reliable for use in the current market such as buying trends from 5 years ago.
 

Accessible

Good information in a small business needs to be accessible as they do not have the resources or money to be able to invest in a high amount of information research. Most likely a small team or 1 person will research this information and they need information that is easy to get.

Timely and Relevant

Again with the small amount of resources a small business will have, they need the information to be relevant to the subject they are trying to research. The information also needs to be up to date because they cannot research this information multiple times as funds will simply not allow it.

Cost effective

The most important factor for a small business will be the cost of the information they are receiving, there is no point the business reaching a topic that they firstly cannot afford or will not give the information they need or deserve for the cost.

Understandable

The same factors apply when relating to the understandable information. A small business cannot simply just waste money on information they cannot understand or does not make sense. This would not be an efficient investment and could lead to their demise.