Strategic information system

A strategic information system (SIS) is a computer system used by organizations to analyze market and competitor information, helping them plan and make their business more successful. It shapes the corporate strategy of an organization by providing a connection between the organization's demands and the latest information technology. This connection helps the organization adapt to the continuous changes in the corporate environment; thereby gaining a competitive advantage <ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Importance of Strategic Information Systems

SIS supports decision-making by providing valuable insights to executives and managers. By integrating data from multiple internal and external sources, SIS provides a comprehensive view of an organization's performance and market trends.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

SIS can give a business an advantage over its competitors by offering insightful data. It also helps in identifying opportunities and risks.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

SIS aids in achieving a company's long-term goals and objectives.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

Types of Strategic Information Systems

• Cost leadership strategy: Helps a company reach the lowest costs in the industry through business process engineering, reducing costs from suppliers, and reducing costs to customers. <ref name=":0">{{#invoke:citation/CS1|citation

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• Differentiation strategy: Provides unique products or services and offering more value to customers than competitors. <ref name=":0" />
• Focus strategy: Helps companies focus on specific products or services within the organization.<ref name=":0" />
• Innovation strategy: Provides products or services with the latest innovations.<ref name=":0" />
• Alliance strategy: Creates cooperative relationships that benefit both suppliers and other companies, even with competitors.<ref name=":0" />
• Growth strategy: Helps companies develop and diversify their market.<ref name=":0" />
• Quality strategy: Helps improve the quality of products and services.<ref name=":0" />