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TOPIC 1 introduction and fundamentals MN-M533 WEEK 2-L (Role of IS…
TOPIC 1
introduction and fundamentals
MN-M533 WEEK 2-L
examples of how IT used to revolutionise organisation
UPS?
What is an IS? Definitions
IS -
IT
Computers
Data vs Information
Functions and environment of an IS
Input
Process
Output
Dimensions of IS
Organisational dimension
Technological dimension
Management Dimension
Role of IS
Digital firms offer greater flexibility in organization and management
Time shifting, space shifting
Growing interdependence between
Ability to implement corprorate strategies and achieve corporate goals
Ability to use information technology
Fully digital firm emerging
Core business processes are accomplished through digital networks
Key corporate assets are managed digitally
significant business relationships are digitally enable and mediated
information systems transforming business
-Emerging mobile digital platform
-Growing business use of “big data”
-Growth in cloud computing
Providing Globalisation opportunities
-Internet has drastically reduced costs of operating on global scale
-Increases in foreign trade, outsourcing
-Presents both challenges and opportunities
Firms invest to achieve 6 objectives
Operational excellence
New products, services, and business models
Customer and supplier intimacy
Improved decision making
5.Competitive advantage
Survival