Information Systems in Global Business Today

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Information Systems in Global Business Today by Mind Map: Information Systems in Global  Business Today

1. THE ROLE OF INFORMATION SYSTEMS IN BUSINESS TODAY.

2. PERSPECTIVES ON INFORMATION SYSTEMS

3. FUNCTIONS OF AN INFORMATION SYSTEM

4. ORGANIZATIONAL CAPITAL AND THE RIGHT BUSINESS MODEL

5. Globalization opportunities

6. STRATEGIC BUSINESS OBJECTIVES OF INFORMATION SYSTEMS

7. WHAT IS AN INFORMATION SYSTEM?

8. DIMENSIONS OF INFORMATION SYSTEMS

9. THE BUSINESS INFORMATION VALUE CHAIN

10. CONTEMPORARY APPROACHES TO INFORMATION SYSTEMS

11. As managers, most of you will work for firms that are intensively using information systems and making large investments in information technology. You will certainly want to know how to invest this money wisely. If you make wise choices, your firm can outperform competitors. If you make poor choices, you will be wasting valuable capital.

12. Internet has drastically reduced costs of operating on global scale

13. Operational Excellence

14. New Products , Services , and Business Models

15. Customer and Supplier Intimacy

16. Improved Decision Making

17. Competitive Advantage

18. Survival

19. Information technology (IT) consists of all the hardware and software that a firm needs to use in order to achieve its business objectives. This includes not only computer machines, storage devices, and handheld mobile devices, but also software, such as the Windows or Linux operating systems

20. An information system can be defined technically as a set of interrelated components that 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 workers analyze problems, visualize complex subjects, and create new products.

21. INFORMATION

22. DATA

23. INPUT

24. PROCESSING

25. OUTPUT

26. FEEDBACK

27. To fully understand information systems, you must understand the broader organization, management, and information technology dimensions of systems and their power to provide solutions to challenges and problems in the business environment. We refer to this broader understanding of information systems, which encompasses an understanding of the management and organizational dimensions of systems as well as the technical dimensions of systems, as information systems literacy. Computer literacy, in contrast, focuses primarily on knowledge of information technology.

28. ORGANIZATIONS

29. TECHNOLOGY

30. MANAGEMENT

31. -Raw data acquired and transformed through stages that add value to that information

32. -Value of information system determined in part by extent to which it leads to better decisions, greater efficiency, and higher profits

33. Awareness of the organizational and managerial dimensions of information systems can help us understand why some firms achieve better results from their information systems than others

34. Technical Approach

35. Behavioral Approach