HTM304-1-MIS and You (1)

HTM304-1-MIS and You (1) - Introduction to Management...

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Introduction to Management Information Systems Chapter 1 MIS and You HTM 304 Spring 06
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2 Definition of MIS The Development and Use of Information Systems that Achieve Business Goals and Objectives Three Key Elements: Components of an Info Sys Development and use of the IS Achieving business goals and objectives
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3 I. Information Systems Definitions: System: A group of components that interact to achieve some purpose Information System ( give the definition by yourself ) Example: non computer-based IS: a schedule sheet posted outside the classroom telling us the classroom reservation information
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4 What is Information? Four different definitions Knowledge derived from data Data presented in a meaningful context Data processed by summing, ordering, averaging, grouping, comparing, or other similar operations A difference that makes a difference
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5 Examples of Information Systems Raw Data Information 1. Jeff Parks earns $10.00 per hour. 1. George Hanes get 83 in his mid-exam of BUS304 1. Gary spent $200 in Bestbuy on Dec 15, 2006 1. Dallas Mavericks has won 36 games and lost 9 games in the new season 1. Jeff Parks earns less than the average hourly wage of his department 2. The average score of BUS304 is 77 1. The total sale of Bestbuy is $708,000 on Dec 15, 2006 1. Dallas Mavericks is now ranked #1 team in NBA western conference
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6 Information is Subjective Information in one person’s context is just a data point in another person’s context Context changes occur in information systems when the output of one system feeds a second system Information conveys meaning, which contains the information providers’ point of view. (Information manipulation)
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7 Characteristics of Good Information Read p.11-13, describe the five characteristics of good information Accurate Good information shall be accurate. However, there are a lot information that’s inaccurate. Be careful! Example : managers & financial analysts may manipulate earnings to mislead investors
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8 Characteristics of Good Information Read p.11-13, describe the five characteristics of good information Accurate Timely
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This note was uploaded on 11/15/2011 for the course I SYS 201 taught by Professor Meservy during the Winter '11 term at BYU.

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HTM304-1-MIS and You (1) - Introduction to Management...

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