Mis Ch123 Summary
IS transforming into business & its relationship to Globalization * The internet allows businesses to buy, sell, advertise online * Organizations are becoming more competitive & efficient by evolving into digital firms. * The internet has stimulated globalization reducing costs of producing, selling, and buying goods. * New information system is emerging the mobile & online software services into business
Information system for running & managing business * Survival & ability to achieve strategic business goals by using extensive information technology.
TO ACHIEVE 6 MAJOR OBJECTIVES: * Improved decision making * Customer or supplier intimacy * New products & services * Operational excellence * Day to day survival * Competitive advantage
What is Information system? How it Work? * Provides a solution to a problem or challenge facing the firm. * Collects & stores information of the organization’s environment * Supports organizational functions & decision making, communication, analysis, coordination … * Transforms raw data into useful information
Technology(Asset) investments in obtaining meaningful value for IS * Businesses must make appropriate managerial and organizational changes to support technology investments and produce high returns These complementary assets include: * New business models and business processes * Appropriate technology standards * Regulations and Laws * Supportive organizational culture & management behavior
Business Processes & How are they related to Information system? * They determine how well the organization can execute its business. * The are the source of strategic advantage * The are cross-functional * Information system can help redesign and streamline these processes
Systems serve diff. groups in a business * Operational management: Tracking the flow of daily routine transactions.
Information system for running & managing business * Survival & ability to achieve strategic business goals by using extensive information technology.
TO ACHIEVE 6 MAJOR OBJECTIVES: * Improved decision making * Customer or supplier intimacy * New products & services * Operational excellence * Day to day survival * Competitive advantage
What is Information system? How it Work? * Provides a solution to a problem or challenge facing the firm. * Collects & stores information of the organization’s environment * Supports organizational functions & decision making, communication, analysis, coordination … * Transforms raw data into useful information
Technology(Asset) investments in obtaining meaningful value for IS * Businesses must make appropriate managerial and organizational changes to support technology investments and produce high returns These complementary assets include: * New business models and business processes * Appropriate technology standards * Regulations and Laws * Supportive organizational culture & management behavior
Business Processes & How are they related to Information system? * They determine how well the organization can execute its business. * The are the source of strategic advantage * The are cross-functional * Information system can help redesign and streamline these processes
Systems serve diff. groups in a business * Operational management: Tracking the flow of daily routine transactions.