Management Of Information System

Q .3 (Applying Concepts ) pg 61Develop or Purchase LicenseThe order should not develop its give support reader as doing so will steal their main business i .e . EBooks , other than this the foodstuffing manufacturing etc of book readers would also become another project for the society .Rather than this the company should purchase the license of the breathing book reading technologies . As there are ii book reader developers in the grocery , hence the company should form alliance with two of the firms . Because if they do so , then automatically the br customers of both book reading technology firms will go for our company s eBooks . And as the whole market is divided between two firms of book readers hence by implementing the suggested strategy whole of the market could be gained by our companyInitial Target AudienceThe initial target consultation should be The users of both of eBook reading technology firms . The two existing firms dupe their own market shares . Now as we hold formed alliance with the two firms hence now ab initio we should target the customers these companiesCompany s study goal in the initial yearsCompany s major goal should be to increase the user base because this would assoil them exist in the market after which they can draw off the profits out of their business . The company should also check some uniqueness in their ingathering so that the customers could pit their product from others , this would install your customers addict of your productsGive Away ProfitsActually the company should make people believe that they are addict of their products and that the quality of their product is above others this would require high advertisement cost for run into building . Hence , as the marketing cost i .e .

Image building cost would increase , the company would have to compromise on profits for initial yearsQ2 (Applying Concepts )Pg 99Selecting Stock central as the firm and forecasting as business processIn the clove pink exchange thousands of transactions take place on perfunctory bases and we know that manual(a)ly looking at all of the entropy of thousands of transaction for the purpose of forecasting is nearly impossible other than this there are a number of external factors guess the stocks prices . So , dealing accurately with such huge enumerate of data manually is nearly impossible . Hence an education system (IS ) can be used for this purpose , all(a) of the data should be come ind in the IS and other external variables that come upon the stock prices should also be stored in the system . By doing this now you don t need to go through the mob of data manually and that you also don t need market experts for forecasting purpose . All you have to do is to store the data and use sophisticated tools like data store and data mining for analyzing the trends and for forecasting alsoThe results given by such system would be more concrete and reliable than those of manual processing , even if done...If you want to get a honest essay, order it on our website: Orderessay

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