INTEGRAL UNIVERSITY, LUCKNOW

Assignment: 2

Managment Information System (BM 518)

Submitted by : Submitted to :

Name : Mohd. sajid Dr . Meraj Ansari Sir

Branch : MBA

Group : B

Sem . /Year : 4 th /2nd

Enrollment No . : 1900101207
Question : 1

Name various areas in which companies can introduce innovation.

Answer : 1

Companies can introduce innovation in various areas such as:

Product development: Creating new products or improving existing ones.

Process optimization: Streamlining operations to increase efficiency and reduce costs.

Marketing and branding: Developing new marketing strategies or creating innovative

campaigns.

Customer experience: Enhancing the way customers interact with the company, both online
and offline.

Supply chain management: Implementing new technologies or methods to improve the flow of
goods and services.

Business models: Introducing new ways of monetizing products or services, such as

subscription models or online marketplaces.

Question : 2

What are the various ways for improving business operations? Explain in brief.

Answer : 2

Ways to improve business operations include:

Automation: Implementing technology to streamline repetitive tasks and increase efficiency.

Process optimization: Analyzing and improving workflows to eliminate bottlenecks and reduce
waste.

Employee training and development: Investing in the skills and knowledge of employees to
enhance performance.

Quality management: Implementing systems to monitor and improve the quality of products or
services.
Supply chain management: Strengthening relationships with suppliers and optimizing inventory
management.

Customer feedback and satisfaction: Listening to customer feedback and making changes to
better meet their needs.

Question : 3

What are the various types of data included in an accounting information system?

Answer : 3

Various types of data included in an accounting information system are:

Financial data: Records of transactions, including income, expenses, assets, and liabilities.

Managerial data: Information used for internal decision-making, such as budget forecasts and
cost analysis.

Compliance data: Documentation to ensure adherence to regulatory requirements and

industry standards.

Audit trails: Records of changes made to financial data for accountability and transparency.

Tax data: Information related to tax filings and obligations, including income tax, sales tax, and
payroll taxes.

Question : 4

How information systems in business function helps in Human Resources?

Answer : 4

Information systems in business function help in Human Resources in the following ways:

Recruitment and hiring: Using applicant tracking systems to streamline the hiring process and
identify suitable candidates.

Training and development: Implementing learning management systems to deliver training

programs and track employee progress.

Performance management: Using performance management software to set goals, track

progress, and provide feedback to employees.
Payroll processing: Automating payroll calculations and ensuring compliance with tax
regulations.

Employee self-service: Providing employees with access to information such as benefits

enrollment, time-off requests, and performance reviews through HRIS (Human Resources
Information Systems).

Data analytics: Analyzing HR data to identify trends, forecast future needs, and make informed
decisions about workforce planning and talent management.