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:
Friday, 20 June 2014
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
https://drive.google.com/folderview?id=0B0eZg-JfH0HQbGc0by0zdU1RNkE&usp=sharing
Thursday, 19 June 2014
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
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.
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:
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:
“Click” service tables and profession graph:
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