Business Information Systems Essay Example | Topics and Well Written Essays - 2250 words - 2

Business Information Systems - Essay Example One such factor that is very essential for success of any business, especially in present era of huge competition, is processing and dissemination of information in and out of the organisation. Nowadays, accurate and rapid management of information has become an essential and imperative task for business organisations since besides product quality, it has been an observation that service delivery now plays an important role in deciding future orders, and for this reason, a company can make or lose business just by focusing on its information management and systems. Although management of information was essential in the past as well; however, volume of such information was not so huge that it needed systems and thus, humans were performing the task efficiently (Martin, 1973, pp. 255-257). However, nowadays, due to huge number of customers, suppliers, vendors, etc, the need of business information systems has become inevitable, especially for companies that are dealing with suppliers and customers on national and international levels. One such company under consideration in this paper is Bognor Marine Watercraft (BMW) Company. In the last few years, BMW Company has witnessed an amazing progress in its business of watercraft and ancillaries that was limited to the UK market. Now, the decision-makers are now thinking about expanding the business due to increase in demand from the customers, especially for specialised high-end luxury watercrafts that has been the reason of their presence in the media lately. As the result, the notion of a ‘global village’ (Avgerou, 2003, pp. 97-99) is becoming a reality for the owners of BMW Company who now wants to become a market leader in their particular industry, not only in the UK market but internationally as well. Although the company was aware of the importance of information technology and therefore, it did invested in different information management systems and databases, however, it is an observation that the company did not give consideration to various aspects that are very essential before setting up of any IT structures and systems (Lan, 2005, pp. 130-134). In this regard, this paper will include understanding of different aspects related to IT systems that will potentially assist BMW Company in making the best use of its IT systems. Business Information Systems It will not be wrong to declare 21st century as the era of science and technology since even in the business market, the flow of information from one source to another has now become a decisive factor of success or failure of a company (Laudon & Laudon, 2007, pp. 101-103). As the result, nowadays, business information systems have taken place of humans and performing their tasks of processing and storing information while holding records and data related to different processes of an organisation. Companies have now installed information systems that are capable of comparing and relating past and present data to provide st atistics that enable owners to take crucial decisions in an efficient manner. Moreover, in bigger organisations such as BMW Company where there are different and various departments, information syste