Strategic information system
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A strategic information system (SIS) is a computer system used by organizations to analyze market and competitor information, helping them plan and make their business more successful. It shapes the corporate strategy of an organization by providing a connection between the organization's demands and the latest information technology. This connection helps the organization adapt to the continuous changes in the corporate environment; thereby gaining a competitive advantage [1]
Importance of Strategic Information Systems
[edit]SIS supports in decision making by providing useful information to executives and managers. It integrates data from various internal and external sources to give a comprehensive understanding of an organization's performance and market trends.[2]
SIS can give a business an advantage over its competitors by offering insightful data. It also helps in identifying opportunities and risks.[3]
SIS aids in achieving a company's long-term goals and objectives.[4]
Types of Strategic Information Systems
[edit]- Cost leadership strategy: Helps a company reach the lowest costs in the industry through business process engineering, reducing costs from suppliers, and reducing costs to customers. [5]
- Differentiation strategy: Provides unique products or services and offering more value to customers than competitors. [5]
- Focus strategy: Helps companies focus on specific products or services within the organization.[5]
- Innovation strategy: Provides products or services with the latest innovations.[5]
- Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors.[5]
- Growth strategy: Helps companies develop and diversify their market.[5]
- Quality strategy: Helps improve the quality of products and services.[5]
References
[edit]- ^ lfuente (2001-10-04). "Characterization of strategic information systems". Monografias.com (in Spanish). Retrieved 2024-06-11.
- ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
- ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
- ^ admin (2021-10-08). "Strategic Information Systems: How to Compete in the Digital Age". SmartOSC. Retrieved 2024-06-11.
- ^ a b c d e f g "Strategic of information system". School of Information Systems. Retrieved 2024-06-11.