Why information system is so important in a business management ? Briefly explain how system performance control is a major activity of information system.

The importance of information system in a business management is for following reasons An aid in operational excellence - Businesses can constantly improve their efficiency of their operations in order to achieve higher profitability. They can do this by constantly having the correct amount of stock in store so consumers can always get want they want. New product services and business models - I.S systems play a major role for businesses in creating new products and services. New business models can be created and these can describe how a company produce, create and sell their products. Helpful in improved decision making I.S systems make it possibly for managers to use real time data when making a decision to therefore make better decisions and not have to waste time looking for information. Customer and Supplier intimacy - the better services a company provides its consumers with more likely they are too come back to them and as result the more they will buy off the supplier therefore creating a good relationship with both parties. Necessary for day to day survival Competitive Advantage -Companies following strict controls via their Information Systems develop competitive advantage for their rivals Helpful in Cost Management - Improved decision making help business cut operational costs like improved production planning, improved inventory planning etc. An important information system activity is the control of its performance. An information system should produce feedback about its input, processing output and the system is meeting established performance standards. Then appropriate system activities must be adjusted so that proper information products are produced for end users.