Question

What is competitive advantage any bussiness get captitive advantage usin mis?

Answer 1

A business is profitable if the value it creates exceeds the cost of performing the value activities. To gain competitive advantage over its rivals, a company must either perform these activities at a lower cost or perform them in a way thatleads to differentiation and a premium price (more value).

Answer 2

ANSWER

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Management Information System (M.I.S)

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It is a system for collection, processing, storage and transfer of information needed by managers for sound decesion making.

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Advantages of M.I.S are as follows :-

• It facilitates rational decision making and sound planning.

• It reduces information overload by converting the vast amount of data into relevant and summarised information.

• It facilitates declaration of authority and decentralisation by providing the necessary information for decision making.

• It assist in coordination between different departments division of the organisation.

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#BAL

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