Please answer this problem MANAGEMENT PROBLEM 3:The information services department at Madison Drugs is trying tostimulate user participation in the design of information systems. Anew system for financial management is in the planning stages, butproblems with users seem to occupy most of the planning sessions inthe department.One of the key figures in developing the new system is a usernamed Keith Ryan. Keith has been at Madison for 20 years and is re-sponsible for all financial transactions. The information services depart-ment chose him as the most obvious user to head the design effort. Keithis in sympathy with this selection, but says, "I don't have time to spenddesigning a system; I work 60 hours a week as it is!"The IS staff recognize the extent of Keith's efforts and devotion tothe company, but ask why additional staff cannot be hired to removesome of his load. Keith says that he has tried to break in new people, butthe demands of the job are too rigorous and they all leave.The president of Madison wants to know why the design of thisnew system is taking so long. What should the manager of the IS depart-ment do? What can he suggest to the president?

INFORMATION SYSTEM: An information system is an accumulated set of elements used for collecting,…

Answered: The information services department at…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Consider Bruno who manages an underwriting team in an insurance firm. Recently, the management of Bruno’s firm informed him of their decision to create a new risk assessment team, consisting of data scientists with machine learning expertise, and reduce the size of Bruno’s underwriting team. Bruno’s underwriting team will now work with the new risk assessment team in order to determine whether to provide insurance to applicants. Graphically illustrate the impact of the management’s restructuring decision on the firm’s production function. Your diagram should have the amount of human intelligence on the horizontal axis and the number of decisions on whether to provide insurance on the vertical axis. Fully label your diagram. Note that there are no actual numbers given in this question: you may make them up or simply use appropriate notations. Briefly explain the key information of your diagram.
Ahmed has recently joined as CEO at Muscat Oils LLC, a large Oil and Gas company based in Muscat. He invited Fatima, CIO of the company to discuss the status of Information systems used in the company. Some of the systems that they discuss during the meeting are given below. Company is using information system to maintain the required temperature and pressure in the oil fields. Whenever in any field the pressure crosses the standard limit, the censors inform the manager sitting in Muscat and they can take corrective action to control it. The managers remain in touch with their colleagues working remotely in the fields using Skype for business and Microsoft teams.Point of Sales terminal have been used at the sales department since 1985. Recently company has started using Business Intelligence in order to analyse the huge backup data.BI helps the company to obtain completive advantage by identifying the market trends and hidden pattern in the information that’s why company has decided to…
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