a) Discuss any THREE (3) strategic objectives that Stanley hopes to achieve by the introductionof the new information system. For each of the objectives, describe clearly how it may improvehis company's current situation. Answer ALL questions based on the following Case StudyStanley manages an import company, which employs over 50 people with a range of importedkitchenware. These products have a very low profit margin and, as a result, Stanley makes his profits onthe volume of products sold. His customer base is comprised of large retail outlets (approximately 75%of his product sales) and the more traditional family-owned hardware stores (the remaining 25%). Hedoes not sell directly to the public.Stanley's sales have consistently increased by an average of 15% over each of the last 4 years since2022, including during the recent pandemic. This is mainly because he can still offer his importedproducts at competitive prices. However, his actual profit has not increased correspondingly. Thecompany's information systems is manual since Stanley took the company over from his father, almostnine years ago. These legacy systems were originally developed in the early nineties and were writtenfor his father by a software developer who has since retired from the business and moved elsewhere. Asa result, when he tries to look to the cause of his static profit levels or do any sort of business analysis,he finds it difficult to gather all the necessary information.He has finally decided to introduce new information systems into the company and is looking to you forhelp. He has realised that with your background, you have the necessary mix of financial, projectmanagement and IT skills and can provide the help he needs to select and implement the requiredsystems.

Strategic objectives are purpose statements that help create an overall vision and set goals and…

a) Discuss any THREE (3) strategic objectives that Stanley hopes to achieve by the introduction of the new information system. For each of the objectives, describe clearly how it may improve his company's current situation

a) Discuss any THREE (3) strategic objectives that Stanley hopes to achieve by the introduction of the new information system. For each of the objectives, describe clearly how it may improve his company's current situation

Principles of Information Systems (MindTap Course List)

13th Edition

ISBN:9781305971776

Author:Ralph Stair, George Reynolds

Publisher:Ralph Stair, George Reynolds

Chapter7: Electronic And Mobile Commerce

Section: Chapter Questions

Problem 14SAT

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