Explain the Three Components of a Sustainable MIS Infrastructure Along

question 53

Essay

Explain the three components of a sustainable MIS infrastructure along with their business benefits.

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Definitions:

Situation Assessment

A comprehensive evaluation of an organization's current state, analyzing both internal and external environments to inform strategic decisions.

Defining Market

The process of identifying and understanding the specific market or audience a business aims to serve.

Marketing Mix

A combination of factors that can be controlled by a company to influence consumers to purchase its products, often referred to as the 4Ps: Product, Price, Promotion, and Place.

Industry Profitability

Industry profitability is a measure of the average income and margins businesses within a specific sector can expect to earn.