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IT innovations

A continuing stream of information technology innovations is transforming the traditional business world. Includes cloud computing the growth of mobile digital business platforms based on smart phones and tablets, big data, business analysis, and social networks managers to achieve business objectives

Information systems

A set of interrelated components collect process store and distribute information support decision-making control and coordination in an organization. Helps managers and workers analyze problems visualize complex subjects and create new products Convert raw facts into meaningful information

New products service and business models

Apple iTunes instead of cds Netflix instead of dvds

Computer programs or software

Are sets of operating instructions that direct and control computer processing

Survival

Atms. Necessary to do business all over the world and needed to survive

Behavioral approach

Behavioral issues strategic integration implementation psychology economics sociology

Networking and telecommunications technology

Both physical device software, links the various pieces of hardware and transfers data from one physical location to another

Information technology

Consist of all the hardware and software that firms need to use in order to achieve its business objectives

Data management technology

Consist of the software governing the organization of data on physical storage media

Computer software

Consists of detail programmed instructions that control and coordinate computer hardware components in an informational system

Customer and supplier intimacy

Customize products just for customers make it perfect for customers

Information

Data converted into a meaningful and useful context

Management information systems

Deals with behavioral issues as well as technological issues surrounding the development use an impact of information systems used by managers and employees in the firm

Business processes

Developing a new product generate and fufill an order create marketing plan and hire an employee are examples

Technological approach

Empathizes mathematically based models and computer science.

Information system literacy

Encompasses an understanding of the management and organizational dimension of systems as well as the technical dimensions of systems

T or f investment in info tech guarantees good returns

F

Globalization of it

Firms producing goods and services on a global scale achieve extraordinary cost reductions buy finding low cost suppliers and managing production facilities in other countries. Customers can now shop and worldwide market places obtain pricing call the information reliability 24 hours a day Internet service firms like Google are able to replicate their business models and services in multiple countries without having to redesign their expense of fixed cost information Communication between businesses in different parts of the world are now instant

Computer literacy

Focuses primarily on knowledge of information technology

E-commerce

Generated about 6 billion in revenue's in 2016 and is estimated to grow nearly $900,000,000,000 by 2020

operational excellence

Improved efficiency, delivers faster and more efficient, get it to the customer faster

What does every information system have in common functions of an information system.

Input process and output Takes data in and processes it and spits it out

New business models

Instead of using cable people are now using the Internet for entertainment

Key corporate assets

Intellectual property court competencies and financial in human assets managed through digital means

Worlds largest most widely used network

Internet

Digital firm

Is one in which nearly all organizations significant business relationships with customers suppliers and employees are digitally enabled in the mediated

middle managers scientists and knowledge workers

Management information systems (overview for management to make decisions)

Competitive advantage

New products, being able to have books available online. Amazon doesn't need a store so less cost

Six strategic objectives

Operational excellence New products services and business models Customer and supplier intimacy Improved decision making Competitive advantage Survival

Socio-technical

Optimal organizational performance is achieved by jointly optimizing both social and technical systems used in production

Dimensions of information systems

Organizations management and technology

Key elements of an organization

People structure business processes politics and culture

Management information technology

Play is a powerful role in helping managers design and deliver new products and services in redirecting in redesigning their organization

Improved decision making

Predictions and improved projections for what they need

Computers

Provide the equipment for storing in processing information

Information technology infrastructure

Provides the foundation or platform on which firm can build in specific information systems

Business function

Specialized task performed by business organizations and consist of sales marketing Manufacturing and production finance accounting human resources

Senior managers

Take tps and mis for ess to look at and asses problems

Information systems

Technically as a set of interrelated components I collect or retrieve, process, store, and distribute information to support decision-making and control in an organization

With what does the field of management information systems deal?

The behavioral issues as well as technical issues surrounding the development, use, and impact of information systems used by managers and employees in a firm

Computer hardware

The physical equipment used for input processing in output activities in information systems

Why would a company allow a competitor access to an information system

They need to distribute there goods throughout the nation (Union Pacific)

Complementary assets

Those assets required to derive value from primary investment

How are businesses using information technology

To sense and respond to rapidly changing customers demand, reduce inventory is to lowest possible levels, and achieve higher levels operational efficiency.

Operational management (data workers and production/service workers) use

Transactional processing systems

Network

Two or more computers that share data or resources such as a printer

Complementary assets

are those assets required to derive value from a primary investment.

Data

streams of raw facts (barcodes)

sociotechnical approach

the performance of a system is optimized when both the technology and the organization mutually adjust to one another until a satisfactory fit is obtained. The --------- view of systems considers both technical and social features of systems and solutions that represent the best fit between them.

The technical approach

to information systems emphasizes mathematically based models to study information systems, as well as physical technology and formal capabilities of these systems. Computer science, management science, and operations research contribute to the technical approach to information systems.

The behavioral approach

to information systems focuses on the design, implementation, management, and business impacts of systems. Psychology, sociology, and economics contribute to the behavioral approach to information systems.