Assignment #4

Consider Steelfox Duck Farm, once again. Wanting to dominate the duck egg industry in the locality within the next two years, suppose Jose finally decided to relocate his farm to the vacant lot a few hundred meters away from his house.

The thought of managing more ducks suddenly shook Jose to realizing that he is in for more difficult times. This is because Jose never really put serious efforts at managing his resources properly. For example, he would indiscriminately sell duck eggs through get-now-pay- later arrangements. As a result, he often ends up with no duck eggs left to sell to paying customers.

He relies heavily on intuition (memory?) when closing a deal with a customer. And, as you might expect, customers who have not paid previous accountabilities often get away with it and close a second or even a third get-now-pay- later deal! Although Jose keeps a record of some of his transactions, the entries are so disorganized that he would rather not read it. In fact, the book has served better as a scratch pad rather than as a record book.

Jose intends to seek professional help for his problem on managing resources, particularly on accounting. No, he isn't seeing a psychiatrist. Neither is he seeing an accountant. He is seeing you. As an MIS professional, how would you guide Jose through the MIS planning process?

Solution:

In a positive way, I could say that Jose had cultivated a large network and established credibility due to his business deal of get-now-pay-later. But he is more on trusting on his customers that they will pay without a contract between them which is not good for a business. So regarding with this quality of Jose, I’m advising him to have a contracts and recordings with his get-now-pay-later customers. Also, he must declare an interest payment whenever a customer could not pay on the