Question

Imagine that you are a consultant, and have been hired by Rosewell's board of directors to examine decision making within the firm. Several board members have expressed interest in the process by which the firm's new ``Executive Information System'' (or ``EIS'') came to be implemented. Your assignment is to produce a short (1 page) memo in response to their questions; in doing so, you should assume that you have access to all of the information on persons and events contained in the video presentation. The memo is divided into several specific questions, as noted below. For each item, please provide a clear, correct, and cogent response that provides the information being requested. As in a real-world context, your answers should be succinct and to the point -- brevity is encouraged, so long as important information is not omitted.

Answer 1

Step-by-step explanation:

Executive Information System (EIS) is a specialised form of decision making support system designed to give management level employees background information on topics both internal and external to the company. Using this information, they are then guided by the governance policies and standard operating procedures of the company in the decisions they need to make, considering environmental factors, availability of resources and time constraints. The Information Systems models contain routine and special statistical, financial, and other quantitative analysis.

According to Computer Business Research, “the focus on Executive Information Systems is on easy to use user interfaces and graphical displays. The benefits of this is that they offer strong reports and drill down capabilities. Executive Information Systems are important because they help top-level executives analyze, compare and highlight trends in important areas so they can monitor performance and identify opportunities and problems. Over recent years however, the popularity of Executive Information Systems has decreased due to Business Intelligence, analytic(s), and digital dashboards.”

Steps followed in implementing EIS

1. Undertake research – the consultant has to find out what is applicable to the company specifically, looking at the company size, its resources, and other factors that affect information systems.

2. Compare and benchmark with best practices globally, regionally and locally.

3. Procure and/or Install the EIS.

4. Check if it is operating effectively. Also train the end users on how to make efficient use of the information system.

5. Keep monitoring and evaluating the system

N.B: Questions are required to give a more precise answer