Management information system- An management information system (MIS) is an arrangement of frameworks and strategies that assemble data from a scope of sources, accumulate it and present it in a coherent organization. Chiefs utilize a MIS to make reports that give them a complete review of all the data they have to settle on choices extending from day by day particulars to top-level procedure. The present management information system depend to a great extent on innovation to incorporate and show information, however the idea is more seasoned than modern computing technologies. The fundamental motivation behind an administration data framework is to settle on chiefs’ basic leadership more effective and gainful. By pooling data from a scope of sources into a solitary database and exhibiting the data in a consistent organization, a MIS can furnish directors with all that they have to settle on exceedingly educated choices and perform inside and out investigation of operational issues. For instance, a grocery store could utilize a PC database to monitor which items offer best. Also, a music store could utilize a database to offer CDs over the Internet.
Another example a human resource manager will have the capacity to advise what will happen to the income, creation, deals and even benefit in the wake of decreasing the quantity of labourers in an assembling office. Another case would be the impact of a value change on productivity. When executive have possessed the capacity to see regardless of whether the choice will be valuable to the organization, it is simpler to use sound judgment that won’t leave the organization in chaos.
2. Value driven business- A values-driven business is a business concept that affects all brands and businesses, whether they are aware of it or not. Consider the companies that you interact with on a weekly basis: your grocery store, a new car dealer, an independent clothing store or the local big box store.What are their values? Do they stand for affordability, quality and service or client satisfaction? Or perhaps they just care about making the sale?
Commitment to customer trust
Ethical business practices
Green business practices
Customer satisfaction
Affordability
Continuous improvement
Authenticity
Follow-through
Relationship building
One example is New York-based Etsy. Among its initiatives as a certified B-Corp, Etsy has collaborated with governments in Rockland, Illinois, as well as in New York to offer free entrepreneurship courses for underemployed and unemployed residents. Though it’s not mandatory, the course also includes assistance in setting up a store on Etsy’s platform. This is shared value at its best; Etsy adds more artists and artisan sellers to its platform while empowering underemployed and unemployed participants with the ability to generate supplemental income—or even a full-time job.
3. E- business- E-business is similar to e-commerce, but it goes beyond the simple buying and selling of products and services online. E-business includes a much wider range of businesses processes, such as supply chain management, electronic order processing and customer relationship management. E-business processes, therefore, can help companies to operate more effectively and efficiently. e-Business benefits are information-technology and internet, it can significantly straighten various processes and create entirely new communication and sales channels with high availability (e.g. 24 hours a day), exchange of information and communication and new methods of payment. Most processes in enterprises, thanks to e-business solutions are greatly accelerated and simplified. A big development of e-Business even created new markets and business opportunities. The traditional paper-based transactions were replaced with the electronic form (electronic invoicing, online banking, warehouse management, searching for GPS positioning, electronic reporting and other). The entire wave of a new economy caused a huge increase in the ICT sector, which is an important part of GDP of many countries.
Examples of online services include Ebay, which allows users to sell merchandise via online auctions, PayPal, which enables users to send and receive money online and Orbitz and Expedia, which assist users with making travel arrangements. Some e-businesses operate by providing content on a subscription basis; for example, Neflix offers online streaming video for a monthly fee.
4. Information security- Information is an asset to all individuals and businesses. Information security (infosec) is a set of strategies for managing the processes, tools and policies necessary to prevent, detect, document and counter threats to digital and non-digital information. Infosec responsibilities include establishing a set of business processes that will protect information assets regardless of how the information is formatted or whether it is in transit, is being processed or is at rest in storage. A good security program provides the big picture for how you will keep you company’s data secure. It takes a holistic approach that describes how every part of your company is involved in the program. A security program is not an incident handling guide that details what happens if a security breach is detected. Everyone needs to have a security program because it helps you maintain your focus on IT security. It helps you identify and stay in compliance with the regulations that affect how you manage your data. It keeps you on the right footing with your clients and your customers so that you meet both your legal and contractual obligations. Example- TCS and Infosys’s.
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