As being an employee of the First Gulf Bank, the organization follows management information system in the organization to formulate its policies and tactical strategies. To runs, their business around the globe First gulf bank follows some information system to evaluate the strategic performance, smooth operation, formulate policies etc within the organization. Information system plays a significant role in running the business organization smoothly. There are mainly types of information system available to run the business organization is as follows:
This system is mainly specialized system, which built to promote the creation new ideas, or knowledge and this knowledge or technical skill are properly integrated to evaluate its business performances. These systems of information are followed by the organization to formulate its policies and tactical strategies
a) Management information system- this system especially developed to support management planning, controlling and decision making function to be discharged by the managers or supervisors. It comes in form of reports or displays by extracting the information or data and compiles them to derive a fruitful result.
b) Decision support system- this system also works as same as management information system does but the main difference of the two is that it processes the information or data to support the managerial decision to function smoothly and easily
c) Executive support system- this is the extension part of management information system, which mainly process information to support decision making at the top level of management.
The First gulf bank is one of the leading banks, operating in the United States of Emirates, as it is a corporate bank it follows some information system in the organization to run its business or providing services to ultimate customer. The First Gulf Bank follows management information system as a tool to formulate its policies, strategies to operate the operation of the organization
1) Many institutional models
2) Different lending methodology
3) Methodology on interest payment
4) Other varied requirements
These problems are mainly solved by proper maintaining or implementing the information system in the organization. With the use of information system, the organization can work in flexible way to strengthen its position in the market.
The organization follows Mis as tool in the organization to maintain its work smoothly. So following Mis information system has huge impacts in dealing the information
1) Focusing on profitability
2) Increases productivity and efficiency
3) Identifying the problems and resolve the issues
4) Gather and report maintain accuracy of the data
5) Faster delivery of more services
6) Technical specification and correctness
7) It process information and compiles it to support decision-making process
8) It follows a standard and compliance
In this way, it helps the organization to function its duty and responsibilities smoothly and easily. It also helps the management to evaluate its plans and strategies and how execution will be done to achieve the targets. It also processes the information and compiles it, which in return helps the management to take proper decision on the related matter, which is needed to be focused.
Cassidy. (2016). A practical guide to information systems strategic planning. Florida : CRC Press .
Leidner, G. &. (2014). Strategic information management. abingdon, london: Routledge.
Wood-Harper, B. &. (2016). A critical perspective on action research as a method for information systems research. Berlin: Springer International Publishing.
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