Factors to Consider When Choosing Accounts Payable Services Providers.pptx
Infosheet2 isandorg
1.
2. A Mission Statement is needed to
determine how to strategically manage.
A Mission Statement is the first element
determined in a comprehensive strategic
management model.
4. An enduring statement or purpose
distinguishing our organization from
others.
5. Mission Statement are found in an
organization’s literature such as in annual
reports. Names associated with Mission
Statements:
Statement of Philosophy
Statement of Purpose
Vision Statement
Statement of Business Principles
As many as 1/3 of major companies don’t
Have a Mission statement
6. Below are companies without a formal
written Mission statement. Some are
quite successful. The mission statement is
usually implied in the corporate literature.
In your cases you may have to assume a
mission statement.
Wal-Mart
Disney
9. A good Mission Statement has the elements described
below according to McGinnis:
1 Defines what the organization is and what
the organization aspires to be.
2 Is limited enough to exclude some ventures
and broad enough to allow for creative growth.
3 Distinguishes a given organization from
all others.
4 Serves as a framework for evaluating both
current and prospective activities.
5 Is stated in terms sufficiently clear to be widely
understood throughout the organization.
10. 10
Components of a Mission Statement
Customers
Products or Services
Markets
Technology
Concern for Survival and Growth
Philosophy
Self-Concept
Concern for Public Image
Concern for Employees
11. System: array of components that work
together to achieve goal or goals
System
Accepts input
Processes input
Produces output
12. System may have multiple goals
System may contain subsystems
Subsystems have sub-goals that meet main
goal
Subsystems transfer output to other
subsystems
13. Closed system: has no connections with
other systems
Open system: interfaces and interacts with
other systems
Often a subsystem of a bigger system
Information system: processes data and
produces information
14. Systems thinking: thinking of an organization in
terms of subsystems
Database: collection of electronic records
Information systems automate exchange among
subsystems
Information map: network of information
systems
Information technology: technologies that
facilitate construction and maintenance of
information systems
15. Humans are relatively slow and make
mistakes
Computers cannot make decisions
Synergy: combining resources to produce
greater output
16.
17. Computer-based Information system:
system with computer at centre
Certain trends have made information
systems important in business
Organisations lag behind if they do not use
information systems
18.
19. Input: collect and introduce data to system
Transaction: a business event, usually entered as
input
Data processing: perform calculations on input
Output: what is produced by the information
system
Storage: vast amounts of data stored on (for
example) optical discs
20. Input devices: receive input
Computer: process data
Output: displays information
Storage devices: store data
Network devices: transfer data