Book.: Systems Analysis and Design

Author.: Kenneth Kendall and Julie Kendall

Reference No.: 85971

Quote:                        “Organizations have long recognized the importance of managing key resources such as labor and raw materials. Information has now moved to its rightful place as a key resource. Decision makers now understand that information is not just a byproduct of conducting business; rather, it fuels business and can be the critical factor in determining the success or failure of a business.”

Review:                   In the corporate world, managing key resources, for example labor and raw materials is essential because it holds the future of the business. With these key resources managed, the organization would have order to avoid any difficulties and delay. It is important that it is managed carefully and correctly, because every system or subsystem is dependent to each other. One mistake would bring disorder to the whole business plan, and it will be difficult to be maintained.

                        Now, information is a key resource that can be easily managed, but to maximize its potentials to have a working system, every aspect under it should be closely taken care of. As most users do not know, information is all around us, but significantly it is not free. Building strategies for positioning a business competition is a very delicate plan and should not be taken for granted. Now, we are networking through the use of the Internet and the World Wide Web to make it easy for us to transfer back and forth, delicate information for business uses.

                        Information is now an important aspect for the management to make it easy for them to use essential processes. Before, information is just used to create forms, paperwork and word processing, now it boosts the accuracy and speed of business’ systems. For example is the cash register. The process of getting a lot of information from the product to be bought takes a lot of time. By the use of the system software for this business sector, the manual-based information system can easily be obtained by the use of the barcode.