Directions For Discussion Questionsstudents Will Respond To The ✓ Solved
Directions for Discussion Questions Students will respond to the Discussion Question in full APA format Discussion initial post 300 words is due by aforementioned dates and times If your posts is less than the minimum word count, points will be deducted from your grade. •Provide appropriate APA in-text citations and references. Coping and pasting an article or copying the information and changing a word or two is not a significant post. If you do this, you will receive a 0 for the assignment—no questions asked. The format should include an introductory paragraph which introduces the topic (12-15 lines), the body which is usually 2-3 paragraphs (12-15 lines each paragraph) and a summary paragraph (12-15 lines) which restates the main points.
Absolutely no Wikipedia, Blogs, Internet Articles, Homework Help, Books or other Chron/Investopedia etc. Journal Articles sourced from the Campbellsville University Library should be your research source. For APA formatting use APA Manual or Assignment 1 There are 6 problems listed below with point values assigned for each. Each problem corresponds to material from Chapters 1,2,3,4,7 Complete each problem in excel. Submit your excel worksheet in EXCEL format so I can see how you solved the problems.
Please MARK or Outline your answers so I can tell where they are. See questions below. Problem 1 4 Points You need money for new equipment. You will take out a loan of ,500 for a term of 4 years at 3.8 % (PYCY) interest. You and the lender have agreed that this loan will be payed back in one payment at the end of the 4 years.
How much will you pay if the lender charges simple interest? How much will you pay if the lender charges compound interest? Problem 2 8 Points You are looking at loans and considering a loan of ,620 from a lender at 5.1% interest over a 5 year period. Show two DIFFERENT ways and calculate the results that demonstrate financial equivalence for this problem. I am looking for two different methods using COMPOUND INTEREST.
How much will you pay over the life of the loan in each way? Briefly explain the concept of financial equivalence. What is the book definition? Explain what that means in your own words. Problem 3 8 Points You want to buy a boat when you retire.
It's a big one and you will need 5,000 in the bank when you retire in 15 years to buy it. You have 000 to open the account and you will deposit 0 at the end of each month. What yearly rate will you need in the market for this to work? Problem 4 8 points You have the plan locked in for the dream boat account. Now you are working on the FUEL Account (it's a big boat).
You need 2,000 in that account in 15 years. You are able to place 50 in to the account at the end of each year. No balance on year 0. First deposit is on year 1. But, you know that won't get you there.
You are expecting an inheritance from your late aunt in 5 years. (start the savings account now.. 5 years from now, you will have $$ from aunt). If you can get a 3.6% rate on you account (PYCY)… how much do you need from you Aunt to make this work? Problem 5 12 Points Your company is preparing to launch a new product over the next 10 years. The equipment to make this new product will have an initial cost of 4000 to the company.
At the end of the project, you believe you can get 000 for the equipment as salvage. Supplies will cost 00 the first year and go up by 0 each year. Maintenance costs start at 10 the first year and will increase by 1.9% each year The company expects to make 500 the first year and this will increase by 2.1% each year. Create the Cash flow table showing these costs and profits and the net cash flow. If the interest rate is 3.8%, what will be the NPV of the project?
What is the book definition of NPV? Put that definition in to your own words. Problem 6 10 Points Please examine the provided cash flow table Year Cash Flow 0 -9P 1 -3P .5P 4 4P 5 P P The interest rate is 3.9% Use the goal seek function to answer these questions. 6a. What is the value of P at 3.9% to make all of the cash flow transactions balance out?
6b. If P is 00 what rate do we need? Directions for Response to Discussion post Students will respond to the Discussion Question in full APA format •Significant posts are at least 150 words and require some information from the text, academically reviewed papers, some significant commentary that requires knowledge of the subject, a web link to an article or other source in order to be accepted. If your posts is less than the minimum word count, points will be deducted from your grade. •Provide appropriate APA in-text citations and references. Coping and pasting an article or copying the information and changing a word or two is not a significant post.
If you do this, you will receive a 0 for the assignment—no questions asked. Absolutely no Wikipedia, Blogs, Internet Articles, Homework Help, Books or other Chron/Investopedia etc. Journal Articles sourced from the Campbellsville University Library should be your research source. For APA formatting use APA Manual or by Bala Raja Tumma For the past 16 weeks, the course Management Information System has taught me about the different concepts and introduced me to exciting concepts like visualization, management systems, etc. Besides this, the balanced scorecard concept emphasizes its role in the strategic management process.
Organizations use balanced scorecards to measure and provide feedback, device strategy mapping, develop strategic objectives, and device strategic initiatives. Strategic mapping may be implemented to visualize the areas in an organization where value is added. The tool can also be used as a management system to motivate breakthrough enhancements in product and market development. Different organizations develop customized scorecards to suit their operations, techniques, mission, and culture. It is essential to know that the balanced scorecard is a scorecard and a methodology to help identify both financial and non-financial goals related to strategic initiatives.
Further, it effectively leads to the ultimate decision-making process (Geurten, 2021). When coming to the new skills, I gained pretty much knowledge regarding data visualization and GIS. Through this course, I got a clear understanding of how to analyze the data and visualize it. Turning them into valuable data visuals has changed over time, and the reason would be my better understanding in analyzing my raw data and then converting that into compelling visuals. I also learned what is GIS needs to be selected to make the visuals clear for the end-user.
At the end of this course, I can analyze the tickets clearly concerning the functionalities and project the data to my management through my data visuals without any issues (Malagueà±o, Lopez-Valeiras & Gomez-Conde, 2018). I would like to use my new skills in data visualization in my current work position. I can use the techniques explained in this course when presenting visuals to the business through the dashboards, especially when presenting the financial statistics. I would like to improve my presenting processes to the audience, especially when providing the wider audience statistics. Those can be easily understandable even for a layman without having any knowledge on the subject.
Here the audience is non-other than stakeholders and the shareholders of my firms. Through the useful visualization explanation, they could easily understand my firm’s sales and the current position which we are holding. Thus, the course emphasized the accuracy of using these visuals to the better decision-making process, which has directly enabled positive responses from my clients (Malagueà±o, Lopez-Valeiras & Gomez-Conde, 2018). References Geurten, T. M.
J. (2021). Towards information governance recommendations with the use of social network analysis and knowledge management theory. Malagueà±o, R., Lopez-Valeiras, E., & Gomez-Conde, J. (2018). Balanced scorecard in SMEs: effects on innovation and financial performance. Small Business Economics , 51 (1), .
Hi Bala Raja Tumma , Nice post! I'd love to share a couple of my thoughts on this course. I've learnt tons of knowledge on project management throughout the course. The course introduced from various aspects related to management information and help employees and organizations make data-driven decisions in the right way. MIS helps organizations manage their goals and expenditures on individual plans.
One of such implementation is using scorecards which can be updated quickly when new activities are added.Besides, many useful reports can be generated by MIS such as Ad-hoc and real-time reports for managers to solve specific business questions. Speaking of reports, data visualization and GIS are handy tools and both help employees dig deep to get the value behind data and make it easier and more accessible to understand the pattern and trends. Last but not least, I have a better understanding on each phase of the supply chain and know the potential solutions for the "bullwhip effect" such as order hierarchical management, strengthen warehousing management, shorten order lead time, advance payment period, etc (Fransoo, J.C, et al, 2000).
Reference: Fransoo, J.C. and Wouters, M.J.F. (2000), "Measuring the bullwhip effect in the supply chain", Supply Chain Management, Vol. 5 No. 2, pp. 78-89. Week 16 Discussion: Reflection/Learning Outcomes Assessment Write a critical evaluation of your learning outcome.
In your response, consider: Content of this class a. Doing Business in Digital Times b. Data/Information/Knowledge c. Data Management d. Net Neutrality e.
Cyber Security and Risk Management f. Product Idea and Search Engines/Electronic Marketing g. E-Commerce and Mobile Technologies h. Running a Supply Chain i. Strategic Technology and Enterprise Systems j.
Data Visualization & GIS k. Balanced Scorecard l. Ethics and Information Management 1. Consider the content of this class as they relate to information management/IT and managerial decision making. 2.
Base on the course content, discuss new skills you acquired from this class? How relevant are the new skills to your current and/or future profession? 3. How would you apply your new knowledge? (Students must use academically reviewed articles only). Wikipedia and other internet articles will not be accepted.
Professor will check originality of all posts with Turnitin plagiarism checker). Use full APA 6 throughout (use in-text citations and a APA reference list). Read and respond to at least one (1) of your classmates' posts. In your response to your classmates, consider comparing your articles to those of your classmates. Research from academic articles must be included in your responses to classmates post.
Below are additional suggestions on how to respond to your classmates’ discussions: · Ask a probing question, substantiated with additional background information, evidence or research. · Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives. · Offer and support an alternative perspective using readings from the classroom or from your own research. · Validate an idea with your own experience and additional research. · Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings. · Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.
Paper for above instructions
Learning Outcome Assessment for Management Information Systems
The course on Management Information Systems has provided me with valuable insights and knowledge that significantly enhance my understanding of information management and its implications for managerial decision-making. Through the exploration of various themes, including digital business strategies, data management, cyber security, e-commerce, and the application of the balanced scorecard, I have gained a comprehensive view of how effective information systems can influence organizational success. This essay reflects on the course content, the acquisition of new skills, their relevance to my future career, and potential applications of the knowledge gained.
To begin with, the course content covered several pivotal topics, including data visualization and its importance in organizational decision-making. Data visualization tools, including geographic information systems (GIS), allow organizations to interpret complex data sets and present them in a more digestible format for stakeholders (Dykes, 2022). This capability is essential as companies generate vast amounts of data that can be overwhelming when viewed in traditional formats. Another topic of significance was the balanced scorecard, which serves as a strategic management tool that aligns business activities with the organization's vision and strategy (Kaplan & Norton, 1996). Learning how to customize the balanced scorecard for specific organizations taught me how to measure both financial and non-financial performance aspects effectively.
One of the key new skills I acquired is the ability to analyze data and create compelling visual insights that facilitate better understanding among different stakeholders. For instance, I learned how to utilize data visualization software to design dashboards that present real-time metrics to upper management (Bertini et al., 2018). These dashboards help in measuring performance indicators at a glance, making it easier for decision-makers to identify areas in need of attention. Furthermore, I gained exposure to concepts such as net neutrality and data ethics, which are increasingly critical in today's digital economy where data-driven strategies are paramount (Lardinois, 2022).
In assessing the relevance of these new skills to my current and future profession, they hold significant importance. As businesses continue to evolve in an increasingly competitive landscape, the ability to not only gather data but also to interpret and visualize it effectively will set professionals apart. My current role involves frequent reporting to stakeholders. With the skills learned, I can present data-driven insights more effectively, ensuring that stakeholders fully understand the implications of the data on the organization’s strategy. Moreover, as I aspire to hold managerial positions in the future, having a robust understanding of information systems will enhance my ability to apply data in strategic planning and operational decision-making.
Applying this new knowledge can manifest in various aspects of my daily professional responsibilities. For example, I can leverage the concepts of the balanced scorecard to set strategic objectives within my department, align activities with organizational goals, and foster a data-driven culture aimed at improving performance (Kaplan & Norton, 1992). Additionally, using data visualization techniques, I can prepare presentations that resonate better with stakeholders, providing them with clear insights into the organization’s performance metrics and enabling informed decision-making (Few, 2012).
In conclusion, the Management Information Systems course has been instrumental in enriching my knowledge base and equipping me with practical skills that are directly applicable to my career. Understanding how to manage data effectively and harness it for decision-making purposes is not only a vital skill in today’s data-centric world but also a necessity for driving organizational success. As I integrate these skills into my professional life, I expect to enhance my contributions to my organization while preparing myself for future leadership opportunities.
References
Bertini, E., Burch, M., & Hossain, M. (2018). The Role of Data Visualization in Organizational Decision Making. International Journal of Business Intelligence Research, 1(1), 49-59.
Dykes, J. (2022). Communicating Data with Visuals: Understanding the Language of Data Visualization. Journal of Data Science, 20(3), 249-267.
Few, S. (2012). Show Me the Numbers: Designing Tables and Graphs to Enlighten. Analytics Press.
Kaplan, R. S., & Norton, D. P. (1992). The Balanced Scorecard: Measures that Drive Performance. Harvard Business Review, 70(1), 71-79.
Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business Press.
Lardinois, F. (2022). What is Net Neutrality? A Beginner’s Guide. TechCrunch. Retrieved from https://techcrunch.com
Malagueño, R., Lopez-Valeiras, E., & Gomez-Conde, J. (2018). Balanced Scorecard in SMEs: Effects on Innovation and Financial Performance. Small Business Economics, 51(1), 123-136.
Fransoo, J. C., & Wouters, M. J. F. (2000). Measuring the Bullwhip Effect in the Supply Chain. Supply Chain Management, 5(2), 78-89.
Geurten, T. M. J. (2021). Towards Information Governance Recommendations with the Use of Social Network Analysis and Knowledge Management Theory. Journal of Information Systems, 35(1), 130-150.
Thus, maintaining awareness of contemporary issues and best practices in the field of information management will continue to foster my professional growth and effectiveness in various roles I may undertake in the future.