Chapter-3 - Chapter 3 Valuing Information Systems...

Info iconThis preview shows pages 1–16. Sign up to view the full content.

View Full Document Right Arrow Icon
Information Systems Today: Managing in the Digital World 3-1 3 Chapter Valuing Information Systems Investments “The most important discoveries of the next 50 years are likely to be ones of which we cannot now even conceive.” Sir John Maddox, 1999
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-2 Learning Objectives
Background image of page 2
Information Systems Today: Managing in the Digital World 3-3 Learning Objectives
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-4 Valuing Information Systems Information systems can be used in three ways to add value to an organization: 1. Automating 2. Informating 3. Strategizing
Background image of page 4
Information Systems Today: Managing in the Digital World 3-5 IS for Automating: Doing Things Faster With automation, tasks can be completed: o Faster o Cheaper o More accurately o With greater consistency
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-6 Automating: Example Loan processing comparison for 3 methods (from the moment the customer takes the application until the applicant is notified of decision) o Manual loan process – 25 to 40 days o Technology-supported process – 5 to 20 days o Fully automated process – 1 hour to 15 days
Background image of page 6
Information Systems Today: Managing in the Digital World 3-7 IS for Organizational Learning: Doing Things Better Information systems can also be used to: o Learn about processes o Improve processes o Support organizational learning
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-8 Informating: Example Computer- based loan system identifies peak times during the year when specific loans are processed
Background image of page 8
Information Systems Today: Managing in the Digital World 3-9 IS for Supporting Strategy: Doing Things Smarter IS used to gain or sustain competitive advantage o Turning benefits of automating and informating into strategic advantage
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-10 Strategizing: Five Types of Organizational Strategies Organizational strategies define the way in which a company plans to gain/sustain competitive advantage
Background image of page 10
Information Systems Today: Managing in the Digital World 3-11 Overall Low Cost Leadership Strategy Offer best prices in the industry or product/service category Broad focus o Wal-Mart
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-12 Focused Low-Cost Strategy Offer best prices in the industry or product/service category Focus on niche o Dell
Background image of page 12
Information Systems Today: Managing in the Digital World 3-13 Broad Differentiation Strategy Offer better products/services than the competitors Broad Focus o Nordstrom
Background image of page 13

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Information Systems Today: Managing in the Digital World 3-14 Focused Differentiation Strategy Offer better products/services than the competitors Focus on niche o Apple High-quality computers Home and educational markets
Background image of page 14
Information Systems Today: Managing in the Digital World 3-15 Best-Cost Provider Strategy Provide products of reasonably good quality at competitive prices o Target
Background image of page 15

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 16
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 68

Chapter-3 - Chapter 3 Valuing Information Systems...

This preview shows document pages 1 - 16. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online