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[solved]Week 11 Discussion - DMBA 620 9044 Effective Financial and Operational Decision Making (2175)

Week 11 Discussion
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Assignment: Discussion Activity (8%)
Each student is to critically assess the 1) mission, 2) goals, and 3) importance of information
systems and their management (ISM) in the firm, 4) using their own work organization as an
example.
Clarification:
The single most important point made in these materials is that information systems, and their supporting
information technology plus included telecommunications technology, are not drivers in well-managed
organizations; instead, they are when properly used, supporters of the business mission and strategy.
That is true of UMUC, where the mission is educate with the major marketing strategy to be online. It is also true of
Amazon.com, where the mission is to make a profit selling a wide number of products, and the major marketing
strategy is again, online.
The second most important point, stressed by Professor McFarlan and epitomized by Amazon.com, Apple and Google,
is that properly-designed and -implemented information systems can convey a strategic competitive advantage to
their enterprises.
Example: Here is a start on contributing to this week's discussions, with an example using UMUC as the firm.
The mission of information systems management at University of Maryland University College is
to support the teaching and administrative processes of the university in an efficient and effective
(!, recall operations management) way
The goals of UMUC ISM include:
Being at the state of the art in course delivery at a distance. That's why we have used Webex,
google- and pdf format and audio/video materials
Providing 24x7 reliability in the Learning environment, in PeopleSoft and other essential
information systems. 360 Support is on call via message and telephone at all hours, for instance.
Conserving State and student (ie, tuition) resources in accomplishing the foregoing, which
Maryland taxpayers and the state legislature expect.
The importance of ISM at UMUC is extremely high, given
First, that the University has strategically decided to be the open university of Maryland and the
United States, providing learning services to a growing student body mostly* at a distance, thus
using information systems heavily.
Second, there are a plethora of state and federal regulations, plus community standards, that
govern the management of information at UMUC and thus provide continuing, importance-raising
challenges.**

*Currently, about 82% of UMUC Adelphi students study exclusively online, and another 10% learn through a
"hybrid" online/F2F program.
**One example is the accommodation requirements of the federal ADA - Americans with Disabilities - Act. These

require that information be delivered at UMUC in ways that accommodate, for instance, visually- and hearing-
impaired students. This means, for one example, that we must prepare - and pay for - transcripts of audio

materials for hearing-impaired students (and some professors too).
Let the discussion begin. You must first post your contribution, then respond to at least two of your classmates'
contributions with a thorough analytical critique. Agreement or disagreement is not the point; the point is to air
different perspectives so they can be compared, distinguished, and evaluated.



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15-06-22 | 02:33:31

Mission
The mission statement of is to provide a containerized, micro services-designed application
automatically provision infrastructure resources the customers, authority, investors and other
stakeholders need without requiring the human hand in the process (Butler, 2016). Bank of
America operates in different continents. Therefore, it is essential for the system put in place to
be able to accommodate a growing customer base as well as making work easier for the
employees. Bank of amerce, has moved on to effect its mission by embracing software-defined
infrastructure. Software-defined infrastructure enables its businesses to be managed by
integrated software entirely as opposed to different vendor software used previously.
Goals of Bank of America ISM
Standardization of software utilized in the bank in all its branches hence save on cost and reduce
risk associated with vendor software
To improve the security and integrity of the banking information and customer data
To facilitate auditing by authorities
To improve the examination of the bank supervisors to improve quality
To solve customer problems and make banking easier and error free
Important of ISM
Operation excellence

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INFORMATION SYSTEM AND MANAGEMENT

Good information system and management usually ensure banks meet the needs of clients,
suppliers, and other stakeholders easily. For example, without modern information system,
customers would be required to queue every time they will need services. However, with the
good modern system, customers can pay for goods and services using their phones hence there is
no need to cash out for services. The improvement of electronic money payment system has
made the banks to be effective in delivering services. Money supplied to ATMs depends on the
daily withdrawals. With Information system and management, the bank can easily be promoted
when there is a need to increase the supply of the money in the ATM. Therefore, ISM is essential
in avoiding delays and ensuring that customers’ satisfaction is met. More so, with a modern
system, the investor does not need to visit the bank physically to check on the performance of the
stock since every detail including an hourly update on performance are available and update
automatically online.
Services made easier
With the new system, the Bank of America has developed web based system and applications
that run on apple, android, and windows phone. These apps enable the customers to get services
easily and faster. For example, the customer can check available balance, pay for goods and
services and request for payment using these systems.
Improve relationship: these systems save the historical data of an interaction between customers
and the company as well as suppliers and the company. The system is also easily accessed and
continually update when new queries are posted. Therefore, it acts as automatic reminds hence

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reinforce the need to improve the services. Solving problems normally help to improve the
relationship between stakeholders.

Challenges
Despite the importance of information system and management, customers, workers, and
suppliers of the Bank of America still feel not satisfied. Most customers complained of delayed
support. There is no one to handle their query whenever a problem occurs (BOA, 2017). For
example, when an ATM fails while transacting and the customer never received the money yet it
was credited, it will take up to 45 days to solve the query. Besides that, some customers
complain that the bank support agents were rude and reluctant to assist. Bank of America
information system should always have a way to check on the performance of its agent and how
they respond to query. The customer care agent manager seems to care less as it is his/her duty to
supervise. The evident that customers keep frustrated by the support agent means that the
manager is not vigilant enough to correct the mistakes. The problem here is not a failure of the
system but the failure of workers and management to work effectively to solve the queries of the
customers whenever they occur. The fact that, support finally responds to customer query means
that the system updates them, but their response rate is low. The main reason for that can be large
customer base with the good system but few support agents. It is important for the company to
employ enough agents. Other operating challenges that face Information system and
management include an increase in operating cost and market pressure. As many people embrace
banking technology, there is need t increase technical and support workforce to help in solving

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the queries whenever they occur. The increase in workforce attracts additional payment which is
an expense to the company. The new system is occasionally developed to meet the ever
changing market needs. Therefore, there is a pressure for the company to keep on improving its
system to meet the technological needs of the market. For example, in the last three years, the
app was not in use in banking, but today, apps are important in the banking sector as they are
easier to access and use.
The system also faces technical challenges including quality control and online fraud. Poorly
build system might not execute services as required hence result to many quality issues which
make it difficult to meets the need appropriately. Besides that, the system is always subjected to
online hacking and fraud. For example, several customers of the Bank of America have
complained about identity theft propagated online which has cost them badly.

Conclusion
Information system and management are paramount for working of the banks in the world today.
Systems need to be managed effectively to get the best out of it. Without proper management,
systems can fail hence result in losses. Good systems improve the value of the customers,
employees, suppliers and other stakeholders. Besides that, right system permits change hence
encourages integration of modernly developed technology to improve service delivery

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References
BOA. (2017). Top 3,409 Complaints and Reviews about Bank of America. ConsumerAffairs.
Retrieved 2 August 2017, from https://www.consumeraffairs.com/finance/bofa.html
Butler, B. (2016). Inside Bank of America’s IT transformation. Network World. Retrieved 2
August 2017, from http://www.networkworld.com/article/3041009/data-center/inside-bank-
of-america-s-it-transformation.html


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