Management Information Assignment Example | Topics and Well Written Essays - 3250 words

Management Information - Assignment Example An understanding and acceptance as to what are their roles and responsibilities 5. Implementation A priority list of projects to be undertakenProject management plans against which to check progressProgrammes of change management to promulgate the strategy and gain acceptance and understanding of it. 6. Monitoring and review monitoring the effectiveness of the strategy,monitoring the scope within which the strategy needs to operate,Review and update the strategy as necessary. Benefits of an Information Strategy to Brumshire Bank: Strategically a well-defined information strategy would ensure a smooth flow of information throughout the Brumshire organisational structure. Information will be easier to access by all the employees. As the processes will be outsourced also a comprehensive information strategy would ensure timely availability of information as and when required. Second major benefit that the Brumshire bank would have is that the duplication of information will be reduced to minimal. As some of the operations will be set up in India as a result of outsourcing, which include operations such as BB support centre, the Phone Bank centre, the Regional Administration offices and the Enquiry Centre, there will be no need to maintain separate data centres at both the countries. A centralized data centre would minimalize redundancy as well as the overhead of maintaining and updating data at both the centres. Thirdly the competitive intelligence will improve a lot. The information strategy would ensure timely information readily available which will serve as a key to take key decision about the changing competitor's behaviour as well as to improve Brumshire internal... Strategically a well-defined information strategy would ensure a smooth flow of information throughout the Brumshire organisational structure. Information will be easier to access by all the employees. As the processes will be outsourced also a comprehensive information strategy would ensure timely availability of information as and when required. Second major benefit that the Brumshire bank would have is that the duplication of information will be reduced to minimal. As some of the operations will be set up in India as a result of outsourcing, which include operations such as BB support centre, the Phone Bank centre, the Regional Administration offices and the Enquiry Centre, there will be no need to maintain separate data centres at both the countries. A centralized data centre would minimalize redundancy as well as the overhead of maintaining and updating data at both the centres. Thirdly the competitive intelligence will improve a lot. The information strategy would ensure timely information readily available which will serve as a key to take key decision about the changing competitor's behaviour as well as to improve Brumshire internal procedures. By outsourcing Brumshire Bank ensure that the company that is outsourced will always be sure to reach their targets, deliver on time, ensure stringent security and maintain a level of productivity which will help the Brumshire Bank to stick to their core objective rather t