P6 + P1Buisness game report and MIS effectivness

Information screenshots: https://drive.google.com/file/d/0B9sBbAgbLMljejZkU1g1cnFZVG8/edit?usp=sharing

Report about the decisions made and the justification why.

While playing the business game a lot of information was placed in front of me that helped me make my decision. Above is a link to some of the information screenshots. Below is a week log for the business game.

Week 1

When I started the business game I was told to see Sam a successful friend who suggests that I should put up set up the holiday window. He also suggests getting rid of any old replica kits and ordering the new ones. He also suggests promoting the new kit too. After I did what Sam suggested I decided to make some decisions on the knowledge I knew which was that the business should become a company, I needed the footfall numbers to see if what I am doing is attracting customers, security, insurance and advertisement for the business. I also take £20,000 out of my bank account to help the business take off. I made these decisions because the footfal counter for example will allow me to see if what i am doing is attracting customers or not.

Week 2

The next week I had a few things that needed to be taken care off. This was to receive my 20,000 and to inform me that my business in now a company. Sam offered to join my board of directors for £150 a week. everything I ordered last week has been applied. Because I have received the large sum of money I can now afford some things that I weren't affordable before. These things were to have a replica kit printer which will allow for shirts to be printed. Before I get any employees I decide to improve the staff room so that I wouldn't need to do it later when money is at a critical state. After that I will put up a shop window want sign as this is a cheap way to get people but also your guaranteed not to loose money from trying to acquire employees. I also decided to advertise the male replica kit on a sports channel which should help it sell and attract some new customers.

Week 3

When this week started I had some candates ready to be interveiwed to see if they will be able to get the job. A job applicant i found that would help the buisness is linda and trevor. Both producing convincing and worth while CVs.



The features and benefits of a MIS

Features

One of the features of having a MIS is that it helps managers make effective decisions. The decisions that they make are from the information, which would be facts and figures that are from the company internally, in the MIS.

Another feature of a MIS is that there is a reporting system. A reporting system is that the MIS can make reports at specific times. This could be every week (like the business game), every month, every year but also every hour or even every day. However some exceptions to this are when some things happen a report can be made at any time so during the day a few minutes after the hour.

Benefits

A benefit of having a MIS is that it will allow for fast and reliable information to be accessed. This means that they will have access to a ever extending knowledge base.

The effectiveness criteria for the MIS in the business game

The MIS in the game has response time of every week. The report is mostly financial but it does show my staff motivation and health. This because the report must show how I am doing every week as if it was any longer then the store wouldn't do well. Also if the report was everyday or 4 days then the MIS will struggle to keep up with the demand.

The MIS system in the game is very accurate. This is because the values that are shown are not rounded up. This means that the true value is shown rather than a values that was rounded to make it a lot easier. As well as that it uses a arrow system to show whether a value has increased or decreased. This will help make a better decision as this will show what the effect the last decision made. You will find that when you look at the report  you will not be able to spot any errors. If the report had any errors then the data displayed will be inaccurate and incorrect. This will then lead to a bad decision. That decision will then lead to a massive impact on the store.

The sustainability of the MIS report is that it is laid out to be easily read but to also clearly show all of the information. The information presented shows the current or past finance of the company. The shelf-life of the report will last a while before it become irrelevant as it will be too far in the past. This is because the report can be used to see if any progression in the company has been made. The report must have a long shelf-life because of the cost of having to make the report. If the shelf-life is very short then the company will start to loose money in the reports being made. Also there has to be a reason for the report which would be so the company can know how they are doing. To see if there are any areas that needs improving.

The confidence of the MIS in the business game is that it is partially usable. This means that I (the user) don't find it the most reliable way of viewing information. This is because the information displayed does show if you are losing or gaining money however even though the profit margin increases the company somehow still manages to go bust.