Chapter 1 MIS - Chapter 1 mis Chapter 1 MIS Summarychapter1

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Chapter 1 mis Chapter 1 MIS Summary chapter 1 1.         Explain why information systems are so essential in business today. Information systems are a foundation for conducting business today. In many industries, survival  and even existence is difficult without extensive use of information technology. Information systems  has become essential for helping organizations operate in a global economy. Organizations are  trying to become more competitive and efficient by transforming themselves into digital firms where  nearly all core business processes and relationships with customers, suppliers, and employees are  digitally enabled. Businesses today use information systems to achieve six major objectives:  operational excellence; new products, services, and business models; customer/supplier intimacy;  improved decision making; competitive advantage; and day-to-day survival.  2.         Define an information systems from both a technical and a business perspective. From a technical perspective, an information system collects, stores, and disseminates information  from an organization’s environment and internal operations to support organizational functions and  decision making, communication, coordination, control, analysis, and visualization. Information  systems transform raw data into useful information through three basic activities: input, processing,  and output. From a business perspective, an information system provides a solution to a problem or  challenge facing a firm and provides real economic value to the business.  3.         Identify and describe the three dimensions of information systems. An information system represents a combination of management, organization, and technology  elements. The management dimension of information systems involves leadership, strategy, and  management behavior. The technology dimensions consist of computer hardware, software, data  management technology, and networking/telecommunications technology (including the Internet).  The organization dimension of information systems involves the organization’s hierarchy, functional  specialties, business processes, culture, and political interest groups. 4.         Assess the complementary assets required for information technology to provide  value to a business. An information system is part of a series of value-adding activities for acquiring, transforming, and  distributing information to improve management decision making, enhance organizational  performance, and, ultimately, increase firm profitability. Information technology cannot provide this  value unless it is accompanied by supportive changes in organization and management called 
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Chapter 1 MIS - Chapter 1 mis Chapter 1 MIS Summarychapter1

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