OMIS2000- Chapter Notes

How does it work what are its management organization

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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?...
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