Management Information Systems Essay

775 words - 4 pages

Case Problem #2

Steeley Associates, Inc. a property development firm, property development firm purchased an old house near the town square in Concord Falls, where State University is located. The old house was built in the mid-1800s, and Steeley Associates restored it. For almost a decade, Steeley has leased it to the university for academic office space. The house is located on a wide lawn and has become a town landmark.

However, in 2003, the lease with the university expired, and Steeley Associates decided to build high-density student apartments on the site, using all the open space. The community was outraged and objected to the town council. The legal counsel for the town ...view middle of the document...

However, Steeley gives that result only a 10% chance of occurring. Alternatively, Steeley thinks there is a 90% chance that the town will reject its application, which will result in another set of decisions.

Steeley can sell the property at that point. However, the rejection of the permit would undoubtedly decrease the value to potential buyers, and Steeley estimates it would get only $700,000. Alternatively, it could construct the office building and face the same potential outcomes it did earlier, namely, a 30% chance of no town growth and a $200,000 return, or a 70% chance of growth with a return of $1.3 million. A third option is to sue the town. On the surface, Steeley’s case looks good, but the town building code is vague and a sympathetic judge could throw out its suit. Whether or not it wins, Steeley estimates its possible legal fees to be $300,000, and it feels it has only a 40% chance of winning. However, if Steeley does win, it estimates the reward will be approximately $1 million, and it would also get its $3 million return for building the apartments. Steeley also estimates that there is a 10% chance that the suit could linger on in the courts...

Other Papers Like Management Information Systems

Healthcare Management Information Systems Essay

1040 words - 5 pages investments considered key to HMIS future would be in medical equipment, such as CAT scan machines, computers for doctors and nurses, etc. However, looking at the survey, we find that the top priority in the actual results is for clinical information systems. This does not surprise me, as information management is extremely important for the health care industry, both for the staff as well the patients. This is because having a fast, efficient, and

Information Systems Risk Management Essay

1142 words - 5 pages University Of Phoenix CMGT/441 - INFORMATION SYSTEMS RISK MANAGEMENT Week-4 assignment Wonyie V. Zarwee November 29, 2010 While it lessens the burden on organizations, reducing and shifting the cost and risk of its IT operation, security and management issues to an external service provider or vendor, outsourcing any portions of an organization's Information System has significant risks that can sometimes become detrimental to the

Management Information Systems

1198 words - 5 pages SP3 except for our two servers which have Windows 2000 Server SP4. We use many applications to perform daily tasks including; Healthcare Management Systems (HMS) which is a healthcare program that manages all patient data, accounting/finance, billing/collecting and insurance systems; Microsoft Office 2003 suite; 3M coding software; Symantec Corporate Antivirus; HMS Transcription software; Kofax Virtual scan for our scanner which has Optical

Project Management for Information Systems

3915 words - 16 pages Abstract Information systems (IS) projects are vulnerable to resource cutbacks and the increasing complexity of systems and advances in information technology make finding the right personnel difficult and the associated development costs high. Good project management is essential for success. Some alignment methodologies include IBMs business systems planning (BSP), Robert Hollands strategic systems planning, James Martins (1989) information

Management Information Systems: Managing the Digital Firm

597 words - 3 pages integration. Journal of Intelligent Information Systems, 37(2), 217 to 244. Retrieved on Jul 2013, from http://search.ebscohost.com/login.aspx?direct=true&db=aci&AN=65299983&site=ehost-live Ghouse Mohiuddin, M. (2012). Integration of Data Mining Techniques with Database Management System. IUP Journal of Computer Sciences, 6(3), 7 to 23. Retrieved on Jul 2013, from http://search.ebscohost.com/login.aspx?direct=true&db=aci&AN=78344879&site=ehost-live

Information Management Systems Case Study 4

1069 words - 5 pages Case Study from Chapter 7: Apple, Google, and Microsoft Battle for your Internet Experience Business 5460, Management Information Systems March 30, 2014 Dr. Mical Ramim Provide a one page summary identifying major issues The battle between global giants, Apple, Google and Microsoft, is a fight that has been occurring for many years now. All three companies have been hugely successful in different aspects of their industry. However, as our

Management Information Systems. Role of IT in Starbucks

2915 words - 12 pages Management Information and Technology The role of IT in Starbucks in gaining competitive advantage ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- Table of Contents Executive Summary 3 Introduction 3 Analysis 3 INDUSTRY 3 Bargaining power of suppliers: 4 Bargaining power of customers: 4 Threat of new entrants

Improvements to Information Management Systems Through Socio-Technical Systems Design Principles

1467 words - 6 pages Socio-technical systems are organizational systems that are intended to help deliver some organizational or business goal. The emergence of Information Systems (IS) technology has added a new dynamic to socio-technical systems which requires additional planning considerations to meet these organizational or business goals. Applying proven design principles will lead to better integration and management of information technology. “Socio

Management Information Systems

1073 words - 5 pages Logistics Information Warehouse or LIW is an information system that was created for individuals within the Armed Forces to encompass all logistical data into one convenient location from various information systems. Taking the Army into account, one can see that for years the Army had multiple information systems that did not interact between one another. This created more work for individuals who needed multiple reports from each of the

Management Information Systems

946 words - 4 pages offer more opportunities to a major number of companies by the sharing of bother resources and clients. Not only does fragmented industries offer more opportunities, the competition is stronger in most cases than the consolidated market. This is not necessarily an indication that consolidated industries cannot be a heavy hitter when it comes to competitiveness. Wheelen, T. L., & Hunger, J. D. (2015). Concepts in strategic management and

Management Information Systems - 637 words

637 words - 3 pages Balanced and Globally Collaborative Solution to Prevent Patent Infringement in the Foreseeable 3-D Printing Revolution. Indiana Journal of Global Legal Studies,22(1), 149-173. 4. Petrick, I. J., & Simpson, T. W. (2013). 3D printing disrupts manufacturing. Research Technology Management, 56(6), 12-16.

Related Essays

Management Information Systems Essay 2516 Words

2516 words - 11 pages systems serve the various levels of management in a business? Systems serving operational management are transaction processing systems (TPS), such as payroll or order processing, that track the flow of the daily routine transactions necessary to conduct business. Management information systems (MIS) and decision-support systems (DSS) support middle management. Most MIS reports condense information from TPS and are not highly analytical. DSS

Project Management Information Systems Essay

549 words - 3 pages Project Management Information System (PROMIS) Today's projects need to deal with increasing amounts of information that require better tools to help navigate through all the data produced by projects. Our services include the development of customized project management information systems that can help track project progress as well track the projects log frame indicators. In partnership with experts in the development of information

Management Information Systems Essay 2089 Words

2089 words - 9 pages have grown through consolidation, mergers, and acquisitions, are often fraught with incompatible systems and data sources that are costly and difficult to manage. The systems usually do not avail efficient extraction, aggregation, and sharing of data within or across the boundaries of the business process. To address this problem, organizations can turn to an information management framework that facilitates managing raw data to create useful

Management Information Systems Essay 2547 Words

2547 words - 11 pages Management Information Systems: A Research Paper By Greg Butler Student ####### American Military University MC302 D002 Summer 07 October 23, 2007 Management Information Systems: A Research Paper Executive Summary. In April 2004, after a year of planning, preparation, and training, the City of La Quinta “went live” with an enterprise-wide, integrated information system for the first time in its 22-year history. For the roughly one