Information Systems In Business Today

Submitted By ngsiokeong18
Words: 1120
Pages: 5
Open Document
Lecture 1: Information
Systems in Business Today

1.1

Coursework and
Assessment
•

1.2

Summative assessment:

Method of
Assessment

%

Detail (length, hours)

Presentation

20
%

David will explain the details

Contribution to learning: active participation in class activities 20
%

David will explain the details

Written Exam

60
%

End of the term

Learning Objectives
• The Role of Information Systems in Business
Today
– How are information systems transforming business and what is their relationship to globalization?
– Why are information systems so essential for running and managing a business today?

• Perspectives on Information Systems and
Information Technology
– What exactly is an information system? How does it work? • Keep you awake and your brains working
1.3

interActivity
What are a Manager’s two Most
Important Resources?
A. Money
B. Equipment
C. People
D. Information
E. Materials

1.4

How Information Systems
Are Transforming Business
• In 2013, more than 102 million businesses had dot-com addresses registered
– A new .com is registered every six seconds
– July 1st 2013 number of .com domains indexed by Google was 25,270,000,000

• 150 million people read news online; 170 million use a social networking site
• Internet advertising continues to grow at around 7% per year • New laws require businesses to store more data for longer periods • Changes in business result in changes in jobs and careers

1.5 The Role of Information Systems in Business Today

What’s New in MIS?
• New technologies
– Cloud computing / software as a service (SaaS)
– Big Data
– Mobile digital platform

• People and behaviour changes
– Managers use social networks, collaboration
– Business intelligence applications accelerate
– Virtual meetings proliferate

• Organizations
– Social business
– Telework gains momentum
– Co-creation of value, collaboration across firms
1.6 The Role of Information Systems in Business Today

Running a Business from the
Palm of Your Hand
• TCHO Chocolate operations management
– Uses iPhone apps to remotely log into each chocolatemaking machine, control time and temperature, turn the machines on and off, and receive alerts about when to make temperature changes

• General Electric manages electronic transformers
– Uses iPhone and iPad apps so that managers can zoom in from a global map to a specific transformer and read key performance indicators at any time.

• SAP’s Business One mobile application
– Sends alerts on specific events to sales managers with real-time information about deviations from approved discounts, inventory availability, and in-stock products
1.7 Case Study: Enterprise Apps

Globalization Challenges and Opportunities
• Internet and global communications have greatly reduced economic and cultural advantages of developed countries
– Drastic reduction of costs of operating and transacting on global scale
– Competition for jobs, markets, resources, ideas
– Dependence on imports and exports
– Requires new understandings of skills, markets, opportunities 1.8 The Role of Information Systems in Business Today

Business Drivers of
Information Systems
• Businesses invest in IT to achieve six important business objectives:
1.
2.
3.
4.
5.
6.

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

1.9 The Role of Information Systems in Business Today

Operational Excellence:
• Improved efficiency results in higher profits
• Information systems and technologies help improve efficiency and productivity
– Walmart
• Power of combining information systems and best business practices to achieve efficiency—and more than $469 billion in sales in 2013
• Most efficient store in world as result of digital links between suppliers and stores

1.10The Role of Information Systems in Business Today

New Products, Services, and
Business Models:
• Information systems and technologies enable firms to create new
Show More

Related Documents: Information Systems In Business Today

Lecture 1 Essay

Sociology Notes- Lecture 1 12/11/2011 2:44:00 PM Sociology: systematic study of human groups and their interactions Sociological perspective: a view of society based on the dynamic relationships between individuals and the larger social network in which we all live. Charles Wright Mills Quality of mind: Mill¶s term for the ability to view personal circumstance within a social context Sociological imagination: CW Mill¶s term for the ability to perceive how dynamic social forces influence…

Words 1380 - Pages 6

Lecture 1 Essay

ECON7020 Macroeconomics for Business  Introduction  the issues macroeconomists study  the tools macroeconomists use  some important concepts in macroeconomic analysis LECTURE 1 Introduction to Macroeconomics  Text treatment: Mankiw 8th (& 7th) edition, Ch. 1-2 2 Outline of the course:  Introductory material (Chaps. 1, 2 & 3)  Growth Theory (Chaps. 8-9) The standard of living and its growth rate over the very long run  Classical Theory contd (Chaps. 4, 5 & 6) How the economy works in…

Words 2672 - Pages 11

Essay on Lecture 1

Manager: A person who Makes decisions and follows plans to make their company efficient Economics: the science of making decisions due to scarcity Scarce resources of company, important company resources Managerial Economics: study of how to allocate scarce resources efficiently to achieve a managerial goal. Maximize revenue, minimize cost Decision making involves well-defined and achievable goals to gain profit and reduce costs even with the constraints we face such as limited labour,…

Words 385 - Pages 2

lecture 1 Essay example

COMM 491 927 Summer 2015 Lecture 1 Introduction to strategic management • Strategy – a plan, a pattern, a ploy??? • •Mission • -A description or declaration of why a company is in operation • •Competitive advantage • –A firm’s profitability is greater than the average profitability for all firms in its industry Determinants of Shareholder Value To increase shareholder value, managers must pursue strategies that increase the profitability of the company and grow the profits. Differences in…

Words 735 - Pages 3

Lecture 1 Essay

Ancient Spectacle Lecture 2 (Prehistory, Mesopotamia, Egypt, Wrestling in the Bible, Minoan Crete) Questions to ask about ancient spectacle and the limitations of the available evidence: Might there have been an ECONOMIC/PRACTICAL function for such events? Might there have been a RELIGIOUS/RITUALISTIC purpose for such events? Might there have been an ENTERTAINMENT motivation for such events? Might there have been POLITICAL DYNAMICS associated with such events? What SOCIAL FUNCTION(S) might these…

Words 583 - Pages 3

Lecture 1 Notes Essay

Lecture 1. What is Health? • Not simply absence of sickness or disease • Alternative definitions: o Presence of sufficient energy and vitality to accomplish daily tasks and active recreational pursuits without undue fatigue o Health is a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity • WHO, 1946 Why is Health Important? • Economic reasons: o Sick days o Healthcare costs • Personal reasons: o Stress o Ability to perform activities…

Words 1469 - Pages 6

Lecture 1 Additional Q2 1 Essay

Lecture 1 Additional Q2 (a) From the market line, we can see that $4m in Period 1 becomes $5m in Period 2. This tells us that the market interest rate is (5-4)/4 = 25%. (b) The firm should invest $2.6m (the total amount available to the firm for either investment or a dividend payout) less $1.6m (from the optimal investment point - this is the amount to pay as a dividend) which gives $1 million. (c) This investment will be worth $3 million in Period 2, since this is the y-value of the optimal…

Words 457 - Pages 2

Essay on 1 2 Lecture

cell division and embryonic development, large amounts of undifferentiated tissue is formed- all other tissues stem from these These cells begin to differentiate as the embryo develops. catalog.flatworldknowledge.com Jan 30-9:52 AM Jan 30-9:58 AM 1 Cell Biology 2B Intro to Cells Continued, Ultrastructure of Cells.notebook January 30, 2015 Significance of STEM cells Stem cells can divide over and over to make large quantities of new cells- can help replace cells that have been lost or damaged…

Words 554 - Pages 3

1 Lecture 1 Argument intro Essay

What are Arguments? Were I to tell you that I just had an argument with my spouse, you might assume a number of things about that argument. For instance, you might immediately think that my spouse and I were involved in a disagreement or dispute of some kind. You might also think that any of the following were involved: anger, harsh words, door slamming, object throwing – you get the picture! In logic (and in most academic subjects), we use the word “argument” very differently. An argument is…

Words 511 - Pages 3

Lecture 1 Powerpoint Essay example

BFF 5230 Global Financial Markets Lecture 1: Introduction to international financial markets Do you have a disability, medical or mental health condition that impacts on your study? The Disability Liaison Unit (DLU) provides a range of services for registered students including: • • • • Notetakers and Auslan interpreters Readings in alternative formats Adaptive equipment and software Alternative arrangements for exams For further information and details about how to register: Email: dlu@monash…

Words 4161 - Pages 17