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External Business Information

All of these aspects combined should insure that the information reaching the different levels of the organisation would allow them to make correct and successful decisions for the business. A primary task of management for any firm is coping with change. Management, and the information systems that support them, have to learn to deal with change and to adapt their operations accordingly in order to survive. Competition is a typical change that is taking place in every industry, managers need to be able to view data such as performance related data in order to constantly evaluate their position in the market place.
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Goals of the business

The only real disadvantage is that some people are not computer literate and not all consumers have access to the internet. There was a concern over Security with the Internet when the system was first set up however the banks have proved that their security is strict and carrying out transactions over the internet is safe. Customers can now bank online and over the telephone without losing the expertise and assistance of specialist bankers, and so the Internet has changed the way in which banking is carried out and Banks are now enjoying the cost saving gains from the venture. The importance of the role of information systems in conducting business and achieveing the goals of the business
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