Question:
(a) ‘Top managers (and executives) do not have time to study and analyse large volumes of data. Instead they need an information system that will analyse the data and present it in an easy and elegant manner so that they can make quick and effective decisions'. Discuss the statement with appropriate examples.
(b) "Mitsubishi Heavy Industries management looked for breakthroughs to lower costs and accelerate product development that would enable the firm to regain world market leadership in shipbuilding. The company redesigned its entire production process to replace expensive, labour-intensive tasks with robotic machines and computer-aided design tools. Companies should identify a few core business processes to be redesigned, focusing on those with the greatest potential payback" (Davenport and Short, 1990). Using the above statement discuss the ‘Business Process Reengineering' concept.