Blog Question # 1 Midterm

Research 1 company that makes use of E-commerce. Describe the nature of this company in 1-2 paragraphs.
Identify then, how does this company use e-commerce to achieve strategic advantage. Describe the benefits derived from this strategy.

Name: IdenTrust Inc.

IdenTrust Inc. was founded by financial institutions such as Citigroup, ABN AMRO, Bankers Trust (since acquired by Deutsche Bank), to name a few. Upon receiving regulatory approval, IdenTrust announced its formation as a Delaware limited liability company in April 1999. IdenTrust continues to add new financial institutions to the IdenTrust network.
In March 2002, IdenTrust acquired Digital Signature Trust Company (DST) from Zions Bancorporation (Nasdaq: ZION) and the American Bankers Association. The acquisition combined the global reach of IdenTrust with the proven implementation strength of DST to provide financial institutions and their customers with the means to accomplish business objectives using digital certificates and certificate-enabled applications.

*Strategic Advantages

• In 2003, IdenTrust acquired eFinance Corporation. eFinance's innovative solutions enable companies to quickly and accurately gauge the financial soundness of their customers at each step of the financial supply chain -- from customer pre-qualification through credit extension, accounts receivable and payments.eFinance's solutions strengthen the credit evaluation process and enable customers to manage transaction workflow better. Customers leverage eFinance technology to increase revenue and profitability while expanding their end customer base and improving customer retention and satisfaction.Companies such as ADP and NEC currently use eFinance solutions to evaluate their customers and streamline the credit decisioning process.
  
  
• IdenTrust enables businesses to actively manage their e-commerce risks through trusted relationships with their financial institutions. Specifically, IdenTrust supplies the legal mechanisms and technology to let Internet trading partners trust in another's identity. Companies will be able to use the Internet to open new markets, reduce transaction costs and create auditable records of their transactions.

Cherry Ann Bedayo BSC-MA4

Question no. 5

As a future manager, What is your computer ethics program? Justify each activity.


As a future manager, it is important to establish a computer ethics program in order to keep the good reputation of the company and so that employees would know their responsibilities and limitations in using the computer.
The following is my computer ethics program:

1. All employees of the company should not use the computers to harm other people. For example, it is bad to steal and destroy other people’s books and notebooks, it is equally bad to access and destroy their files.
2. Anyone should not snoop around in other people's files: Reading other people’s e-mail messages is as bad as opening and reading their letters: This is invading their privacy. Obtaining other people’s non-public files should be judged the same way as breaking into their rooms and stealing their documents. Text documents on the Internet may be protected by encryption.
3. Anyone should not interfere with other people's computer work: Computer viruses are small programs that disrupt other people’s computer work by destroying their files, taking huge amounts of computer time or memory, or by simply displaying annoying messages. Generating and consciously spreading computer viruses is unethical.
4. Anyone is not allowed to use the name of the company in any transaction without the authorization of the company.

Question # 4

If you are just a student of RMMC and not currently working, cite a manual procedure here in our school which you prefer to computerize. Describe how this system should function and how can this help the employees and the students of RMMC.

As a student of RMMC, I would like to have a computerized library system wherein students can easily avail/use the library facilities. Example: Students can borrow books wherein there is no need to fill-up borrowing slip to log-out the books in case they want to photocopy it. They would just swipe their library cards on the computer to encode the code number of the books.

Question # 3

Justify or contradict these trends by citing examples.

MIS Trends:

*MIS users are more knowledgeable.

*More computing power is available to the user.

*Resistance to the implementation of emerging MIS is subsiding.
*Connectivity
*MIS is becoming one of the primary means of increasing productivity.

*Companies are using MIS as a competitive strategy.

*MIS is becoming integral to the decision-making process.

*The end user is becoming the focus of MIS activity.

I definitely agree with these trends because information is very important. Having the right informations at the right time will help companies in making strategies to be able to become more advantage and competitive from others. Of course if you are an MIS user you are more knowledgeable and informative compare to those who are not using, in a sense that, informations are just one-click away. For example in the business industry, it is very important that the company knows what is happening or having right information so that they will excel in all aspects and become more productive. Information is use in decision-making that aid the processes of planning and control. Those industries who are implementing the most advance and most competitive infos against their competitors would result to higher revenues.

Question # 2

How can the manager and employees make use of information as a strategic/competitive advantage over other competitors?

Information is very important in making planning and decision-making in the companies.
The concentration in Information Management teaches both general managers and information system professionals how to leverage information technology to improve organizational strategy, operations, innovation, and effectiveness.
Computer and information systems managers play a vital role in the technological direction of their organizations. They do everything from constructing the business plan to overseeing network security to directing Internet operations.
Computer and information systems managers plan, coordinate, and direct research and design the computer-related activities of firms. They help determine both technical and business goals in consultation with top management, and make detailed plans for the accomplishment of these goals. For example, working with their staff, they may develop the overall concepts of a new product or service, or may identify how an organization�s computing capabilities can effectively aid project management.

Cherry Ann Bedayo BSC MA4

comments..

I could simply say that how important MIS( Management Information System) is as relevant to what life may brings us..MIS gives a lot of opportunities for us to make alot of decisions.. it is how we are inform of the possibilities of making our own management as to settle every detail to handle things in our own knowledge of the information available.