Get premium membership and access questions with answers, video lessons as well as revision papers.
Strategic planning:
This refers to planning that covers a long period of time, usually 5 to 7 years. The planning
determines the long-term objectives, resources and policies of an organization.
OPERATIONAL DECISIONS
They are concerned with daily or routine operations of the organization relating mainly to its
primary activities. Examples include decisions to reorder stock when the stock is almost sold
out and decisions to suspend a client from purchasing goods and services on credit due to an
outstanding balance.
How data required to support strategic planning differs from that required to support
operational decisions in terms of:
(I) Time Period Referred To
Data required for operational decisions usually covers a short time period usually in days or
months. For example, data relating to the outstanding balance of a customer that determines
whether or not the customer should be allowed to purchase more goods and services on
credit usually spans a few days or utmost a month.
Data required for strategic planning usually covers a longer time period, usually in years.
From this data, forecasts can be made concerning market trends e.g. a plan to start another
branch needs forecasts into the future say, in terms of sales, expenses, etc
(II) The Source or Origin of the Data
Data required for operational decisions usually originates from within the organization. For
example, stock level data and clients outstanding balances can only be sourced from within
the organization in order to influence operational decisions.
Data required for strategic planning usually has a greater external orientation. For instance,
data about global markets that can influence an organization to globalize is external to the
organization.
gregorymasila answered the question on November 21, 2017 at 09:01
- Outline advantages of using bureaux as a way of acquiring a computer.(Solved)
Outline advantages of using bureaux as a way of acquiring a computer.
Date posted: November 21, 2017. Answers (1)
- Outline the disadvantages of leasing a computer.(Solved)
Outline the disadvantages of leasing a computer.
Date posted: November 21, 2017. Answers (1)
- Outline the advantages of leasing a computer.(Solved)
Outline the advantages of leasing a computer.
Date posted: November 21, 2017. Answers (1)
- Outline the disadvantages of renting a computer.(Solved)
Outline the disadvantages of renting a computer.
Date posted: November 21, 2017. Answers (1)
- Outline the advantages of purchasing a computer.(Solved)
Outline the advantages of purchasing a computer.
Date posted: November 21, 2017. Answers (1)
- Outline three functionalities or tools that an automated software development tool requires(Solved)
Outline three functionalities or tools that an automated software development tool requires.
Date posted: November 20, 2017. Answers (1)
- Suggest three types of decisions that electronic point of sale system can support indicating sales information required to support each decision.(Solved)
Suggest three types of decisions that electronic point of sale system can support indicating sales information required to support each decision.
Date posted: November 20, 2017. Answers (1)
- Give four possible courses of action that may be taken to overcome the shortage of staff and thus allow full implementation of the system(Solved)
Give four possible courses of action that may be taken to overcome the shortage of staff and thus allow full implementation of the system.
Date posted: November 20, 2017. Answers (1)
- In conducting a cost-benefit analysis, state any three cost items and any three intangible benefits you would consider(Solved)
In conducting a cost-benefit analysis, state any three cost items and any three intangible benefits you would consider
Date posted: November 20, 2017. Answers (1)
- Why is it essential to make periodic reviews of information systems projects(Solved)
Why is it essential to make periodic reviews of information systems projects
Date posted: November 20, 2017. Answers (1)
- Examine four reasons that may make an organisation outsource some of its non-core information technology activities or services.(Solved)
Examine four reasons that may make an organisation outsource some of its non-core information technology activities or services.
Date posted: November 20, 2017. Answers (1)
- Briefly explain the following programming objectives:(i) Utility. (ii) Reliability.(Solved)
Briefly explain the following programming objectives:
(i) Utility.
(ii) Reliability.
Date posted: November 20, 2017. Answers (1)
- The company for which you work is currently facing financial crisis. The financial controller has proposed that the company should seek for alternative sources of...(Solved)
The company for which you work is currently facing financial crisis. The financial controller has proposed that the company should seek for alternative sources of software. One of the options available is that of freeware from the Internet and magazine vendors. As the organisation's information technology manager, advise on the implications of adopting this proposal.
Date posted: November 20, 2017. Answers (1)
- Identify the major factors that influence the structure of an information system(Solved)
Identify the major factors that influence the structure of an information system
Date posted: November 20, 2017. Answers (1)
- Propose the type of information system you would recommend for the following applications: (i) Maintenance of general ledger (ii) Formulation of competitive market strategies (iii) Financial sensitivity...(Solved)
Propose the type of information system you would recommend for the following applications:
(i) Maintenance of general ledger
(ii) Formulation of competitive market strategies
(iii) Financial sensitivity or risk analysis.
(iv) Ticket reservations.
Date posted: November 20, 2017. Answers (1)
- Explain the application of Internet in the following areas:(i) Healthcare.(ii) Banking.(Solved)
Explain the application of Internet in the following areas:
(i) Healthcare.
(ii) Banking.
Date posted: November 20, 2017. Answers (1)
- State any six components of an information system that you would propose for an accounting system of an organization(Solved)
State any six components of an information system that you would propose for an accounting system of an organization
Date posted: November 20, 2017. Answers (1)
- Explain the following systems concepts: (i) Differentiation. (ii) Entropy.(Solved)
Explain the following systems concepts:
(i) Differentiation.
(ii) Entropy.
Date posted: November 20, 2017. Answers (1)
- The organisation for which you work is contemplating designing a batch processing system to manage their payroll applications and a real-time system to manage their...(Solved)
The organisation for which you work is contemplating designing a batch processing system to manage their payroll applications and a real-time system to manage their inventory applications.
Required:
Giving reasons recommend a suitable file design for each of the two systems.
Date posted: November 20, 2017. Answers (1)
- It is envisaged that the World Wide Web (WWW) will enable institutions to take
services closer to the people.
Required:
(i) As a close advisor of...(Solved)
It is envisaged that the World Wide Web (WWW) will enable institutions to take
services closer to the people.
Required:
(i) As a close advisor of ABC Tutorial College you are required to explain how
WWW can make this a reality.
(ii) Suggest any two managerial issues that are critical for its successful
implementation
Date posted: November 20, 2017. Answers (1)