OMIS2000- Chapter Notes

How does it work what are its management organization

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: y and the people to make it work. How are information systems transforming business, and what is their relationship to globalization? • Email, online conferencing, cell phones have become essential. • IT is essential for high- speed supply chains. • Better customer feedback and relations. • Firms evolve into digital firms. • Internet has stimulated globalization by dramatically reducing cost of producing, buying and selling goods on global scale. Why are information systems so essential for running and managing a business today? • Businesses use IS to achieve 6 objectives: o Operational excellence o New products, services, and business models o Customer/supplier intimacy o Improved decision making o Competitive advantage o Day- to- day survival What exactly is an information system? How does it work? What are its management, organization, and technology components? • IS collects, stores, and disseminates info from an organization's information and internal operations to support organizational functions and decision making, communication, coordination, control, analysis, and visualization. • Transform raw data into useful information through 3 activities: o Input o o OMIS 2000 Final Exam Gahtan o o 4 Processing Output What are complementary assets? Why are complementary assets essential for ensuring that information systems provide genuine value for an organization? • To get meaningful value from IS, complementary investments must supplement their tech investments. • Complementary assets: new business models, business processes, supportive organizational culture, technology standards, etc. What academic disciplines are used to study information systems? How does each contribute to an understanding of IS?...
View Full Document

Ask a homework question - tutors are online