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Strategic Management Information System

MIS | Strategic Management: In this article, we are going to learn about the strategic management information system, its activities and key characteristics.
Submitted by IncludeHelp, on January 05, 2021

Definition

Strategic management is a detailed set of ongoing activities and procedures that organizations use within an organization boundary to systematically organize and align resources and actions with mission, vision, and strategy.

In response to a corporate business initiative, strategic systems are information systems that are created. They are built to give the company a competitive advantage. They may offer a lower cost, differentiated product or service that focuses on a specific consumer segment, or is creative.

An SMIS offers business intelligence and organization as well. If an information system is used in innovative ways to accomplish the objectives and fulfill the organization's mission, TPS, MIS, or any other type of system can be viewed as SMIS activities.

Activities for Strategic Management

Strategic management activities turn the static plan into a framework that provides decision-making with strategic performance input and allows the plan to adapt and develop as requirements and other factors change. Strategy execution is generally synonymous with the structured execution of a strategy with strategy management practices.

Strategic Management Information System

Strategic knowledge management, in a nutshell, allows companies and organizations to identify, store, process, and transfer the information they produce and obtain. It also provides resources to help businesses apply metrics and analytical tools to their collections of knowledge, enabling them to recognize growth opportunities and find ways to increase operational performance.

Characteristics of Strategic Management Information System

SMIS presents fruitful insights into the expense of the quality of the product or service that will be both appealing on the market and will produce acceptable investment returns.

  • Helps to prepare a product or service with distinctive characteristics that are competitively appealing in the industry.
  • The IS strategy takes into account what knowledge is required to achieve its goals at the strategic and organizational levels of an organization.
  • It must be in a position to provide operating productivity, improved benefit, etc.
  • It includes interconnecting the activities of an agency that acquires, collects information and eventually provides information.
  • This style of approach emphasizes what knowledge is required to achieve business goals.
  • It can be used to create new market opportunities by using knowledge tools.
  • An IS plan must be capable of fulfilling an organization's (market-oriented) demand.
  • It must be functionally oriented (how will the roles, divisions and strategic business units of the company work well?)
  • Assists in the study, discovery and creation of consumer niches that have not been adequately filled.
  • Information technology is also able to provide a specific niche or segment with the capabilities to identify, extend, and fill. It will be very unique to the industry for the application.

A successful strategic process can be done only if the capabilities are in place for the routine basic work of data collection, assessment of potential equipment and software, and management of routine project status reporting. As a basis on which a strategic system can be prepared and developed when a priority situation occurs, centralized preparation and organizational work are absolutely important. To fulfil the need, information management should have laid the groundwork when a new strategic need becomes evident.

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