In 2009, what percent of the United States economy resulted from foreign trade? Show
33% (imports and exports) On average, how many new jobs/year does information systems create? What are the 6 important 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 1) Operational Excellence when businesses continuously seek to improve the efficiency of their operations in order to achieve higher profitability 2) New Products, Services, and Business Models Information systems and technologies are a major enabling tool for firms to create new products, services, as well as entirely new business models. describes how a company produces, delivers, and sells a product or service to create wealth. 3) Customer and Supplier Intimacy Customers generally respond to suppliers serving them the way they want to be served by returning and purchasing more.
4)Improved Decision Making ex: using this information, managers can immediately allocate repair resources to affected areas, inform consumers of repair efforts, and restore fast services. When firms achieve 1 or more of the first 4 objectives, they have received comp adv. When a company has what no other competitors do. business firms also invest in information systems and technologies because they are necessities of doing business Information Technology (IT) consists of all the hardware and software that a firm needs to use in order to achieve its business objectives. ex: computer machines, mobile handheld, Windows Operating system a set of interrelated components that collect (or retrieve),process, store, and distribute information to support decision making, coordinating, and control in an organization captures or collects raw data from within the organization or from its external environment converts this raw input into a meaningful form transfers the processed information to the people who will use it or to the activities for which it will be used output that is returned to appropriate members of the organization to help them evaluate or correct the input stage Information Systems Literacy understanding of the people and organizational dimensions of systems as well as the technical dimensions as systems knowledge of information technology Management Information Systems (MIS) tries to achieve this broader information systems literacy behavioral as well as technical Information Systems -categories -Organizations -People -Information Technology accomplishes and coordinates work through structured heirarchy and through business processes logically related tasks and behaviors for accomplishing work the physical equipment used for input, processing and output activities in an information system. consists of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system Data management technology
consists of the software governing the organization of data on physical storage media Networking and telecommunications technology consisting of both physical devices and software, links the various pieces of hardware and transfers data from one physical location to another links two or more computers to share data or resources (printer) Information Technology (IT) infrastructure The IT infrastructure provides the foundation, or platform, on which the firm can build its specific information systems -problem identification -solution design -solution evaluation and choice -implementation 4 Elements of Critical Thinking -maintaining doubt and suspending judgment -being aware of different perspectives -testing alternatives and letting experience guide -being aware of organizational and personal limitations This preview shows page 2 - 5 out of 58 pages. Computer Software:Consists of the detailed, preprogrammed instructions thatcontrol and coordinate the computer hardware components in an informationsystem.Data Management Technology:Consists of the software governing theorganization of data on physical storage media.Networking and Telecommunications Technology:Consisting of both physicaldevices and software, links the various pieces of hardware and transfers data fromone physical location to another.Network:Links two or more computers to share data or resources, such as a printer.Internet:A global “network of networks” that uses universal standards to connectmillions of different networks around the world.Intranets:Internal corporate networks based on Internet technology. We have textbook solutions for you! The document you are viewing contains questions related to this textbook. Intermediate Financial Management Brigham/Daves Expert Verified Extranets:Private intranets extended to authorized users outside the organization.World Wide Web:A service provided by the Internet that uses universally acceptedstandards for storing, retrieving, formatting and displaying information in a pageformat on the Internet.Information Technology (IT) Infrastructure:Provides the foundation, orplatform, on which the firm can build its specific information systems.Complementary Assets:Those assets required to derive from a primaryinvestment.Organizational and Management Capital:The investments in organizations andmanagement.Sociotechnical View:Optimal organizational performance is achieved by jointlyoptimizing both the social and technical systems used in production.CHAPTER TWOBusiness Processes:The manner in which work is organized, coordinated, andfocused to produce a valuable product or service. Transaction Processing System (TPS):A computerized system that performs andrecords the daily routine transactions necessary to conduct business, such as salesorder entry, hotel reservations, payroll, employee record keeping and shipping. Itallows managers to monitor status of operations and relations with externalenvironment. It serves operational levels and serves predefined, structured goalsand decision-making.Management Information System (MIS):Provide middle managers with reportson the organization’s current performance. This information is used to monitor andcontrol the business and predict future performance.Decision-Support Systems (DSS):Support nonroutine decision making for middlemanagement. They focus on problems that unique and rapidly changing, for whichthe procedure for arriving at a solution may not be fully predefined in advance.Example: What is impact on production schedule if December sales doubled? Theyoften use external inforation as well from TPS and MIS.Executive Support Systems (ESS):Help senior management make these decisions.ESS address nonroutine decisions requiring judgment, evaluation, and insightbecause there is no agreed-on procedure for arriving at a solution. They incorporatedata about external events as well as summarized information from internal MIS andDSS.Portal:The information is delivered to senior executives through a portal, which Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 58 pages? Upload your study docs or become a Course Hero member to access this document We have textbook solutions for you!The document you are viewing contains questions related to this textbook. The document you are viewing contains questions related to this textbook. Intermediate Financial Management Brigham/Daves Expert Verified Which of the following information system department specialists are highly trained technical specialists who write the software instructions for computers?Systems analysts are highly trained technical specialists who write the software instructions for computers.
Which of the following is an example of a business using information systems to improve customer and supplier intimacy?An example of a business using information systems for customer and supplier intimacy is: B) JC Penney`s information system that allows its contract manufacturers to see what garments have been sold and need to be replaced.
What is dimension of information system?The dimensions of information systems include organizations, management, and information technology. The key elements of an organization are its people, structure, business processes, politics, and culture. An organization coordinates work through a structured hierarchy and formal standard operating procedures.
What are the four major types of information systems?The Main 4 Types of Information Systems Used In Organisations. Low level workers – Transaction Processing Systems.. Middle Managers – Management Information Systems.. Senior Managers – Decision Support Systems.. Executives – Executive Information Systems.. |
Which of the following information technologies consists of detailed preprogrammed instructions that control and coordinate the computer in an information system?
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