Management Information: Questions and Answers

Adopting an enterprise application is a key business decision as well as a technology decision. Do you agree? Why or why not? Who should make this decision?

I am agreeing to say that adopting an enterprise application is a key business decision as well as a technology decision. This is because if you do not understand the technology how and why shall you invest it. Somehow if you invested, how can you gain profit from it? At the enterprise level, software licensing is a large part of the budget.Once you lock in on an application, it is even more costly to change, so you need to make the right decision in order to adopt this enterprise.

Adopting an enterprise application is certainly a key business decision as it involves many aspect of the organization. The students can answer this question by including many topics such as the company’s strategy, seeking a competitive advantage, cultural challenges involved in implementation, financial demands required to obtain such systems, demands for highly skilled employee work in this area including systems personnel and the acquisition of expensive technology and software.

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Enterprise applications decisions are mainly the decision-making responsibility of senior managers however students should also stress that the people who will be responsible for using these systems must be considered a key part of the decision-making process in this area. No matter how good a system is or how successful its implementation-it is only as good as the employees make it. Employees must be convinced of the value that these systems will bring to them. It is vital that they do not feel threatened by the prospects that these systems will result in their no longer having a position within the organization.

The internet may not make corporations obsolete, but corporations will have to change their business models. Do you agree? Why or why not?

Corporations have all the tools and resources at their disposal to be competitive and successful in the internet market. I would say they have a leg-up on any start up with regards to gaining presence on the internet because of this. People are looking for interactivity with whomever they do business these days. Corporations are adapting to this by making their products provide a more personal experience to their customers.So I’m not agree if they say internet may not make corporations obsolete but corporations will have to change their business models.

What are the principal payment systems for electronic commerce?

An e-commerce payment system facilitates the acceptance of electronic payment for online transactions. Also known as a sample of electronic data interchange(EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking.

In the early years of B2C transactions, many consumers were apprehensive of using their credit and debit cards over the internet because of the perceived increased risk of fraud. There are numerous different payments systems available for online merchants. These include the traditional credit, debit and charge card but also new technologies such as digital wallets, e-cash, mobile payment and e-checks. Another form of payment system is allowing a 3rd party to complete the online transaction for you. These companies are called Payment Service Providers (PSP) a good example is Paypal and WorldPay.

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