Strategic information system
Template:Short description Template:Multiple issues A strategic information system (SIS) is a computer system that is used by organizations to analyze market and competitor information, which enables them to plan and make their business more successful. It shapes the corporate strategy of an organization by providing a connection between the organization's demands and the latest information technology. This connection helps the organization adapt to the continuous changes in the corporate environment; thereby gaining a competitive advantage.<ref>Template:Cite web</ref>
Importance
A SIS system supports decision-making by providing valuable insights to executives and managers. By integrating data from multiple internal and external sources, SIS systems provide a comprehensive view of an organisations performance and market trends.<ref>Template:Cite web</ref>
A SIS system can give businesses an advantage over its competitors by offering insightful data on the consumer. It also helps in identifying opportunities and risks.<ref>Template:Cite web</ref>
SISs support the achievement of a company’s long-term goals and objectives.<ref>Template:Cite web</ref>
Types
- Cost leadership strategy: It helps a company reach the lowest costs in the industry through business process engineering, reducing costs from suppliers, and reducing costs to customers.<ref name=":0">Template:Cite web</ref>
- Differentiation strategy: It provides unique products or services and offering more value to customers than competitors.<ref name=":0" />
- Focus strategy: Helps companies focus on specific products or services within the organization.<ref name=":0" />
- Innovation strategy: Provides products or services with the latest innovations.<ref name=":0" />
- Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors.<ref name=":0" />
- Growth strategy: Helps companies develop and diversify their market.<ref name=":0" />
- Quality strategy: Helps improve the quality of products and services.<ref name=":0" />