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Most of you will work for firms that are intensively using information systems and making large investments in IT. You will certainly want to know how to invest this money wisely
Businesses sought to sense and respond to rapidly changing customer demand, reduce inventories to the lowest possible levels, and achieve higher levels of operational efficiency. Supply chain have become most fast paced, with companies of all sizes depending on JIT inventory to reduce their overhead costs and get to the market faster
In digital firms, both time shifting and space shifting are the norm
Space shifting means that work takes place in a global workshop, as well as within national boundaries. Work is accomplished physically wherever in the world it is best accomplished. Time shifting refers to business being conducted continuously, 24/7, rather than in narrow work day (9 A.M. to 5 P.M.)
Increasing the market share, high quality and low cost producer and increase employee productivity depend on the quality of IS in the org.
Competitive Advantage
MIS
Survival
OPERATION EXCELLENCE
Walmart is the most efficient retail store in the industry achieving sales of more than $28/square foot because of its Retail link system, which digitally link its suppliers to every on of Wal-Marts 5289 stores worldwide. As soon as a customer purchases an item, the supplier monitoring the items knows to ship a replacement to the shelf. The power of information systems coupled with brilliant business practices and supportive management to achieve world class operational efficiency.
IS and technology are major enabling tool for the firm to create new product, service and business model. A business model describes how a company produces, delivers, and sells a product or service to create wealth. Ex. Apple transform and old business model of music distribution based on tapes and CD into an online .
Information systems and technologies have made it possible for managers to use realtime data from the marketplace when making decisions
COMPETITIVE ADVANTAGE
Competitive Advantage
Operational Excellence
New Product
Customer Intimacy
Dells operation efficiency result from mass customization, stay close to customer by web-base order, build and ship only a few day
SURVIVAL
Citibank was the first banking firm to introduce ATMs. In doing so, they had a major competitive advantage over their competitors. In order to remain and survive in the retail banking industry, other banks had no choice but to provide ATM services to banking customers.
Software
Hardware
Business Objective
Information System is a set of interrelated component data collect or retrieve, process, store and distribute information to support decision making and control in an organization
In addition to supporting decision making, coordination and control, information systems may also help managers and worker to analyze problems, visualize complex subjects and create new product
Data . Raw facts, figures, measurements, observations representing events occurring in an organisation have not been organised into the form that people can understand and use
Information is processed data that have been organised, interpreted, formatted into a form that is meaningful and useful to people
Using information systems effectively requires an understanding of the organization, management, and information technology shaping the systems.
An information system creates value for the firm as an organizational and management solution to challenges posed by the environment.
ORGANIZATION
Makes long range strategic decisions and ensures financial performance of the firm Carries out the programs and plans of senior management Responsible for monitoring the daily activities of the business People, Structure, Business processes, Politics, Culture
ORGANIZATION
Knowledge worker, such as engineers, scientists and architects design products and services and create new knowledge for the firm Production and service worker actually produce the product and deliver the service Data worker, such as secretaries or clerks, assist with scheduling and communications at all levels of the firm.
ORGANIZATION
Expert are employed and trained for different business functions. The major business functions, or specialized tasks performed by business organizations, consist of sales and marketing, manufacturing and production, finance and accounting and human resource.
MANAGEMENT
Create work driven by Knowledge and Information
Making Decision
Management
Set Strategies
Allocate Resources
INFORMATION TECHNOLOGY
Computer hardware is the physical equipment used for input, processing and output activities in an information system Computer software consist of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system Data management Technology consist of the software governing the organization of data on physical storage media
INFORMATION TECHNOLOGY
Networking and telecommunications technology, consisting of both physical devices and software links the various pieces of hardware and transfer data from one physical location to another Network Internet
intranet
extranet
Information systems enable the firm to increase its revenue or decrease its costs by providing information that helps managers make better decisions or improves the execution of business processes.
CONTEMPORARY APPROACHES TO IS
Behavioral Approaches concerned with behavioral and long term maintenance of information systems. Issue such as strategic business integration, design, implementation, utilization and management Technical Approaches emphasizes mathematically based model to study information system as well as the physical technology and formal capabilities of these system