Be able to use software-generated information to make decisions in an Essay

Be able to use software-generated information to make decisions in an organisation - Essay Example For instance, it Management it is used to ensure that there is proper transition of employees within the scope an organisation. Moreover, it is used in strategic management to source the right job candidate, to enhance employee’s professional growth and development as well as to motivate employees to achieving organisation goals and objectives (Information Resources Management Association and Khosrow-Pour, 2001). Management information system may be used at tactical level to assess market competition and government policies that may affect organisation performance. For example, management information systems may be employed to carry out marketing research and gather facts concerning a particular market. This may help an organisation to assess its weakness and how it can use its strength to counter its weakness. Additionally, management information system is used to execute tactical functions by helping managers to make informed decision in respect to organisation operations. Managers can inform their clients on the impending changes and how those changes will help to meet and exceed customers’ needs (Information Resources Management Association and Khosrow-Pour, 2001). Based on the above computation, it can be observed that financial viability of this will have an accounting rate of return of 30%.This means that this project is worthwhile investing based on this approach. However, the accounting rate of return method tends to be criticized due to its limitations. For example, it does not provide an appropriate project appraisal because it includes items that are non cash. Further, it fails to take into consideration the time value of cash as well as its difficult to adjust inherent risks that may be attributed to a (project Introduction to corporate finance, 2012). Based on the calculation above it can be observed that the project will yield a positive net present value of +Â £79,301.8, this