CS507 Information System Assignment No. 01 Solution Fall 2014 Due Date: 14-11-2014

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[h=1]CS507 Information System Assignment No. 01 Solution and Discussion Fall 2014 Due Date: 14-11-2014[/h]



Question No 1: Marks: 10
Different management styles work in different situations. What management style matches if as a leader
you:
1. Tell others what to do
2. Gather others feedback before deciding
3. Influence others to do things your way
4. Make sure the majority rules
5. Make your own decisions
6. Suggest a decision to others
7. Ask the employees to obey orders without explanations
8. Rely on your own judgment
9. Ask others to brainstorm choices
10. As a CEO does not consult employees for input

Question No 2: Marks: 5 (2+3).
Identify whether “social media” is an internal source of information or external source of information for making business decisions and briefly explain the impact of social media in decision making process. Your answer should not exceed 100 words.

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Internal Sources - These are within the organization
External Sources - These are outside the organization

Internal Sources of Data
If available, internal secondary data may be obtained with less time, effort and money than the external secondary data. In addition, they may also be more pertinent to the situation at hand since they are from within the organization. The internal sources include
Accounting resources- This gives so much information which can be used by the marketing researcher. They give information about internal factors.

Sales Force Report- It gives information about the sale of a product. The information provided is of outside the organization.

Internal Experts- These are people who are heading the various departments. They can give an idea of how a particular thing is working

Miscellaneous Reports- These are what information you are getting from operational reports.

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mpact of social media in decision making process


Social media is increasing its penetration in our lives. So far the evidence suggests that in some situations the impact on individual and organizational decision making is extensive.


Social Media’s Impact on Business and Decision-Making by CEO’s and Managers:


1. Professionals tend to belong to multiple social networks for business purposes


2. The “Big Three” social networks, LinkedIn, Facebook and Twitter, have emerged as professional networks


3. Mobile is emerging as a frequent professional networking access point


4. Traditional decision-making processes are being disrupted by social media


5. Professional networks are an increasingly essential decision-support tool


6. High levels of trust exist in information obtained from online networks


7. Changes are taking place in organizations’ internal and external use of social media


8. There is a recognized need for peer input in decision-making.


9. Connecting and collaborating are key drivers for professionals’ use of social media


10. "Final" decision makers are more likely to indicate that they conduct research via a search engine (82 percent vs. 70 percent of Decision Supporters)


11. Those professionals with more networks are more likely to gather opinions through their online network, read blogs and query the Twitter channel as early steps in the decision process


12. Younger respondents are more likely to read a company blog and to query the Twitter channel vs. older demographics