Verified Document

Types Of Information Systems For Startup Business Essay

Related Topics:

For startup companies, the key business functions include: Sales and Marketing, HR, Finance and Accounting, and Manufacturing. Present-day startups require information systems for monitoring all their business operations, such as business planning, material acquisition, production, quality control and delivery to markets. In view of the aforementioned key business roles of startup companies, the chief information systems required are; Marketing and Sales Information Systems, Production and Manufacturing Information Systems, Accounting and Finance Information Systems, Strategic Information Systems, Enterprise Collaboration or Office Automation Systems and HR Information Systems (Al-Mamary, Shamsuddin & Aziati, 2014).

Functions of Information Systems



Sales and Marketing Information Systems

Marketing and sales departments are in charge of selling company offerings. Marketing chiefly deals with: determining buyers of the company's services/products, ascertaining their demands and requirements, planning and creating services and products for satisfying their demands, and conducting advertising and promotion activities for these services and products. The sales function deals chiefly with getting in touch with buyers, selling the company's services and products, order-taking, and follow-up sales. The aforementioned functions are supported by marketing and sales information systems. Shim (2000) claims that marketing information systems backs management in the domains of service/product development, pricing, marketing mix, successful promotion, sales forecasts, and distribution.

Finance and Accounting Information Systems

The financial function deals largely with handling corporate financial assets and investments like cash, bonds and stock. The accounts function deals with retaining and handling corporate financial records, including payroll, receipts, and depreciation (Al-Mamary et al., 2014). Shim (2000) asserts that accounting software's central job is automation of the routine activity of accounting transaction entry and posting. This data is electronically organized for developing financial statements. It is also easily accessible for aiding company leaders in managing the company. Finance information systems offer financial data to every financial manager in a company. Financial decisions will normally be made depending on data yielded by accounting systems.

Human Resource Information Systems

HR Information Systems deal with generating, categorizing, maintaining and distributing information on the workforce for aiding the company's managers at different levels to undertake appropriate decision-making. Currently, most successful firms employ HR information systems for facilitating everyday HR operations (Al-Mamary et al., 2014). Corporate HR departments are in charge of drawing in, training and retaining personnel in the company. HR information systems,...
Production and manufacturing systems handle the tasks of: planning, developing, and maintaining production facilities; setting up production objectives; acquiring raw materials, storing them and ensuring they are always at hand for uninterrupted production operations; and scheduling material, equipment, human resources and facilities for fashioning finished goods. The above tasks are supported by production and manufacturing information systems. Rivera and Hernandez (1997) write that production information systems are computer programs capable of handling a production-linked data pool. Shim (2000) maintains that manufacturing information systems' mission is: applying computer technology for improving production effectiveness and processes, thereby improving product quality and decreasing manufacturing expenses. That is, manufacturing systems are systems which take in information systems technologies, material, data, equipment, and management, and employ the information and manufacturing process for generating an output of better end products.
Enterprise Collaboration Systems (Office Automation Systems)

Corporate automation systems make up one among the commonest information system varieties that assist managers in controlling organizational data flow. These systems are in charge of enhancing workgroup and team efficiency and communications. Although operating on a broad level (they aren't specific to organizational levels), these systems offer key support for a wide array of clients. They aim at supporting office activities using information technology. Email, voice mail, video conferencing, multimedia system, group decision-making and file transfers may be carried out using enterprise collaboration systems (Al-Mamary et al., 2014).

Strategic Information Systems

These systems use IT for affording firms a strategic competitive edge through its business processes, products, or services (Nowduri & Al-Dossary, 2012). They represent a special kind of corporate information system whose chief task is securing or retaining a competitive edge.

Importance of Operational Data and Big Data



Efficient and effective acquisition, processing and analysis of operational and big information will aid a firm in acquiring a more comprehensive grasp of its business, clients, offerings, rivals and so forth. This may bring about efficiency enhancements, decreased expenditure, improved sales, improved services/products and improved customer service (McGuire, Manyika & Chui, 2012).

Operational and big datasets…

Cite this Document:
Copy Bibliography Citation

Related Documents

Business Plan Description of the Business the
Words: 2458 Length: 8 Document Type: Essay

Business Plan Description of the Business The business is a gourmet candy shop. The shop will sell gourmet candy that has been sourced from all over the world. The shop will operate with one storefront location, and there will be an Internet/mail order component as well. The rationale for the business is simply. There is a growing trend towards hedonistic approaches to dining. We have seen in the past few years the rise

Business Plan for a Residential and Day Treatment Facility
Words: 3843 Length: 14 Document Type: Business Plan

Business Plan Assisted Living Facilities Residential and Day Treatment Facility Business Plan Residay Home and Residential Care provides assisted living solutions for senior adults. Residay Home and Residential Care is dedicated to making the provision of the highest quality care to senior citizens requiring or desiring an assisted living facility. Residay Home and Residential Care is located in the Tennessee Valley Area of North Alabama and is an alternative to the generally larger

Information Technology to Transform a
Words: 2228 Length: 6 Document Type: Term Paper

And this money is required to be raised from the market as the company does not generate this amount of revenue either from profits or from internal accruals. (DeHayes, 2003) 5. What should Tim do now? After taking into account all the known and understood pros and cons, there are some points on which Tim has to take action. These are (i) the manner in which to raise capital needed either

Business Plan for a Sleep
Words: 8375 Length: 30 Document Type: Business Plan

Offered under the same roof are "consultative, diagnostic, and treatment services" which are stated to be provided "by board-certified practitioners in the fields of pulmonary medicine, otolarngology, family medicine and more." (2006) Smith reports that the laboratories experiencing the most dramatic growth are two which are located the "farthest from the Hillsboro flagship" as they are located in two areas that were "formerly underserved." (2006) Smith additionally reports that the

Information Security Training Program
Words: 3414 Length: 12 Document Type: Research Paper

Federal Information Security Management Act (FISMA) The Federal Information Security Management Act places emphasis on the importance of training and awareness program and states under section 3544 (b).(4).(A), (B) that "security awareness training to inform personnel, including contractors and other users of information systems that support the operations and assets of the agency of- information security risks associated with their activities; and their responsibilities in complying with agency policies and procedures

Business Plan Relating to the Sale of a New Financial Divorce Software...
Words: 6850 Length: 25 Document Type: Business Plan

Business Plan for a Financial Divorce Software Business Plan Divorce Software Business Plan relating to the Sales of a new Financial Divorce Software. Business Plan relating to the Sales of a new Financial Divorce Software F F1 F2 F3 G1 G1(a) G1(b) G1(c) Business Identification Keys to Success Company Summary Industry History Legal Form of Ownership Location and Facilities Management Structure Products and Service Market Analysis Target Market Industry Analysis Competitive Analysis Market Strategy Ps of Marketing Price List Selling Strategy Sales Forecast Implementation Strategy Overall Strategy Implementation Control Plan Financial Statements and Projections Revenue and Cost Estimate Forecasted Profit and Loss Statement Forecasted Balance Sheet Financial

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now