DS 3841 Ch. 1
Strategic Business Objectives of Information Systems (1 of 2)
-Growing interdependence between: *Ability to use information technology and ability to implement corporate strategies and achieve corporate goals.
Globalization Challenges and Opportunities: A Flattened World
-Internet has drastically reduced costs of operating on global scale -Increases in foreign trade, outsourcing -Presents both challenges and opportunities
How are information systems transforming business?
-Mobile digital platform -Systems used to improve customer experience, respond to customer demand, reduce inventories, and more -Growing online newspaper readership -Expanding e-commerce and Internet advertising -New federal security and accounting laws
Digital Firm
-Significant business relationships are digitally enabled and mediated -Core business processes are accomplished through digital networks -Key corporate assets are managed digitally -Digital firms offer greater flexibility in organization and management -Time shifting, space shifting
New Products, Services, and Business Modles
Business model describes how companies produce, deliver, and sells product or service to create wealth. Information Technology systems and technology are major tools for exploring how to make new products, services, and business models. Ex. Apples ipad, Googled Andorid OS, and Netflix
Which one of the following is NOT one of the major business functions or specialized tasks performed by business organizations and supported by information systems?
Collective bargaining
The study of information systems is a multidisciplinary field. Which of the following lists accurately includes all of the disciplines?
Computer Science, Operations Research, Sociology, Management Science, Economics, Psychology
Strategic Business Objectives of Information Systems (2 of 2)
Firms invest heavily in information systems to achieve six strategic business objectives: 1. Operational excellence 2. New products, services, and business models 3. Customer and supplier intimacy 4. Improved decision making 5. Competitive advantage 6. Survival
Which of the following statements is NOT accurate regarding how information systems are transforming business?
Forty-nine percent of the entire population now use desktop computers, and their sales are soaring.
What's new in Management Information Systems (MIS)?
Technology, Management, Organizations.
Select the item below that is NOT one of the ways in which computer science contributes to the understanding of information systems.
Theory of business process development
An information system can be defined technically as a set of interrelated components that ________ to support decision making and control in an organization. Which response below does NOT correctly complete the above statement?
creates data
Operational Excellence
improvement of efficiency ti attain higher profitability. Technology is an important tool in achieving greater efficiency and productivity. For example, Walmarts Retail Link system links suppliers to stores for superior replenishment system.
Businesses are using information technology to do all of the following EXCEPT ________.
reduce their dependence on just-in-time inventory
