Term Paper: A Key Concept in Information Systems
Assignment 2: Information Management and the Digital Firm
The Digital Firm is a general term for organizations that have enabled foundation business associations with employees, clients, suppliers, and additional exterior associates during digital networks. These digital networks are supported by enterprise set technology platforms that have been leveraged surrounded by an association to hold up serious business functions and services. A number of examples of these knowledge platforms are Customer Relationship Management (CRM), Supply Chain Management (SCM), Enterprise Resource Planning (ERP), Knowledge Management System (KMS), Enterprise Content Management (ECM), and Warehouse Management System (WMS) among others.
The reason of these technology platforms is to digitally facilitate flawless combination and information replace within the association to employees and external the business to customers, suppliers, and other industry associates.
Uniqueness of Digital Firm:
• Important production relationships are digitally enabled and mediated.
• Center commerce processes are accomplished through digital networks and width the whole association.
• Type company resources are managed digitally.
• Interior and external environments are rapidly predictable and deal with advantage and disadvantage of Digital Firms.
Pros and Cons of Digital Firm:
It’s gain for an institute to make use of the existing technologies to optimize their capital and acquire the maximum production and revenue. Even though there are numerous of advantages in digital firm such as increase elasticity, empowerment, cooperation, and inferior expenses, through the point of view of an organization psychology student, management of digital firm must also anxiety on the welfare and job agreement of employees.
On the other hand, there are some disadvantages of running the digital firm. Numerous of digital firms countenance serious complaints from their employees about their physical
The Digital Firm is a general term for organizations that have enabled foundation business associations with employees, clients, suppliers, and additional exterior associates during digital networks. These digital networks are supported by enterprise set technology platforms that have been leveraged surrounded by an association to hold up serious business functions and services. A number of examples of these knowledge platforms are Customer Relationship Management (CRM), Supply Chain Management (SCM), Enterprise Resource Planning (ERP), Knowledge Management System (KMS), Enterprise Content Management (ECM), and Warehouse Management System (WMS) among others.
The reason of these technology platforms is to digitally facilitate flawless combination and information replace within the association to employees and external the business to customers, suppliers, and other industry associates.
Uniqueness of Digital Firm:
• Important production relationships are digitally enabled and mediated.
• Center commerce processes are accomplished through digital networks and width the whole association.
• Type company resources are managed digitally.
• Interior and external environments are rapidly predictable and deal with advantage and disadvantage of Digital Firms.
Pros and Cons of Digital Firm:
It’s gain for an institute to make use of the existing technologies to optimize their capital and acquire the maximum production and revenue. Even though there are numerous of advantages in digital firm such as increase elasticity, empowerment, cooperation, and inferior expenses, through the point of view of an organization psychology student, management of digital firm must also anxiety on the welfare and job agreement of employees.
On the other hand, there are some disadvantages of running the digital firm. Numerous of digital firms countenance serious complaints from their employees about their physical