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Information Systems

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Information Systems
FACULTY COMMERCE
DEPARTMENT BUSINESS MANAGEMENT
STUDENT NAMEMAKHOSONKE A. MOYO
STUDENT NUMBER L0141641K
PROGRAMMEDEGREE IN ENTREPRENEURSHIP
MODULEINTRODUCTION TO INFORMATION TECHNOLOGY AND INFORMATION LITERACY
MODULE CODE COAF 1104
FORMATPARALLEL
LECTURERMR. B. DLAMINI
QUESTION
With the aid of relevant examples, explain the importance of information systems in executing the following organizational function:
Forecasting
Planning
Control
Co-ordination
Operational optimization
2014

Information technology (IT) is the application of computers and telecommunications equipment to store, retrieve, transmit and manipulate data, often in the context of a business or other enterprise. It is the technology that is driving what has often been called "the information revolution."
Information Technology has become a major driving force in many organizations. These organizations are seeking to get IT applications which can help them sell their products or services effectively. For example, by use of Internet, organizations or businesses are moving information faster and they also coordinate multiple activities to achieve efficiency. In the business world it has helped in creating a ”networked economy” where businesses are linked with their suppliers, customers, manufacturers and business partners in real time. Users of information technology can use tools like computers to perform different tasks faster and accurately. For example, a computer can perform multiple functions on the same time which cannot be done by humans. This helps users perform a given task on time and it even reduces tension and stress at work. Even though information technology is managed by humans, it is more likely to be more accurate than humans.
An example of a software platform used is an Enterprise Resource Planning (ERP) System. ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets



References: Goold, Michael, Andrew Campbell, and Marcus Alexander. Corporate-Level Strategy: Creating Value in the Multibusiness Company. John Wiley & Sons, 1994. Gottfredson, Mark, and Steve Schubert. Breakthrough Imperative: How the Best Managers Get Outstanding Results. Collins Business, 2008. Hamel, Gary, and C.K. Prahalad. Competing for the Future. Harvard Business School Press, 1994. Hrebiniak, Lawrence G. Making Strategy Work: Leading Effective Execution and Change. Wharton School Publishing, 2005. Ken Laudon and Jane Laudon, Management Information Systems, 12E, Prentice Hall, 2012 Koontz, H., & O 'Donnel, C. (1978). Essentials of management. New Delhi: Tata McGraw-Hill, p. 104-105.Massie, J. L. (1979). Essentials of management. New Delhi: Prentice-Hall. Porter, Michael E. Competitive Strategy: Techniques for Analysing Industries and Competitors. Free Press, 1998. Stevenson, W. J. (1989). Introduction to management science. Boston: Irwin. Waldron, M.W. (1984). Management of adult and extension education. In D. Blackburn (Ed.), Extension handbook. Guelph: University of Guelph Press, p. 127-140.

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