Purchase Solution

creating a systems development plan/efficient use of data

Not what you're looking for?

Ask Custom Question

Company success is related to efficient use of its data? What lessons can be learned from creating a systems development plan and how can it help you contribute to current or future workplace settings?

Purchase this Solution

Solution Summary

Company success is related to efficient use of its data? What lessons can be learned from creating a systems development plan and how can it help you contribute to current or future workplace settings?

Solution Preview

Company success is related to efficient use of its data?

Yes, it is indeed true that in today's competitive and dynamic business environment where competition is intense and there is a constant need for organizations to gain competitive advantage over others, efficient use of available data with the use of modern information systems has evolved as an important strategic tool in all the areas of business and management, be it corporate strategy, marketing, advertising and marketing research, human resources or accounting. A successful and progressive business entity in today's world efficiently uses the plethora of information and data with numerous information systems tools such as ERP and accounting softwares, supply chain management softwares, database mining and datawarehousing tools and host of other tools and techniques to make the most out of such data for gaining significant strategic advantage over others and utilize the data in enhancing the performance of the organization in all the areas.

For example, in marketing, efficient use of data via market research tools helps in understanding the needs and wants of the consumers in a ...

Solution provided by:
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
Recent Feedback
  • "Thank you. "
  • "Thank you"
  • "Thank you. I got 20/20 last week for my discussion you help me out with."
  • "Thank you. Great Job. "
  • "Thank you. Great Job. "
Purchase this Solution


Free BrainMass Quizzes
Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

Basics of corporate finance

These questions will test you on your knowledge of finance.

Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.