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Executive InformationSystemJacob John Panicker
DefinitionsData
Raw facts such as an employee’s name and number of hours worked in a week, inventory part numbers or sales orders.
Information
A collection of facts organized in such a way that they have additional value beyond the value of the facts themselves.
DefinitionInformation Systems
An information system(IS) is typically considered to be a set of interrelated elements or components that collect(input), manipulate(processes), and disseminate (output) data and information and provide a feedback mechanism to meet an objective.
Open System
Close System
Executive Information Systems (EISs) Used at executive level of the organization
Highly aggregated form
Data types Soft data – news and nonanalytic data
Hard data – facts and numbers
Executive Information System
Executive Information System (EIS) is a structured, automated tracking system that operates continuously to keep management abreast of what is happening in all important areas. This tracking is accomplished by the system itself without management effort.
Why
Executive Information System (EIS) ?
Information Needs More timely information
Greater access to operational data
Greater access to corporate databases
More concise, relevant information
New or additional information
More information about the external environment
More competitive information
Faster access to external databases
How to Find Executive’s Information Needs
Interview all senior managers to determine what data they think is most important.
List the major objectives in the short- and long-term plans and identify their information requirements.
Ask the executives what information they would least like for their competition to see.
Determine what information from current management reports is being used by the executives.
Use prototyping
Comparison of EIS and DSSEIS DSS
Focus Status access, Analysis,
drill down decision support
Typical Users Top Executives Analysts, professionals,
managers
Application Environmental Diversified areas where
scanning, performance managerial decisions
evaluation, ident. of are made
opportunities
More on Comparison of EIS and DSSEIS DSS
Principle Use Tracking and Planning, organizing,
control, staffing and controlling
opportunity
identification
Dec. Support Indirect support Supports unstructured and
for unstructured semistructured dec. making,
dec. making and and ad hoc decisions
policies
EIS Characteristics Tracking and Control Tool
Excellent Graphics
Very User-Friendly
Provides Rapid Access to Current Information
Problem Solving vs. Opportunity Assessment
Conclusion
Information Systems are indispensable to the business, industry, academia and any organization to meet the future challenges
THANKS