Foundation of IS in Business

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Foundation of IS in Business by Mind Map: Foundation of IS in Business

1. evolution

1.1. agricutural age

1.1.1. pre 1800

1.1.2. farmers

1.1.3. People- land

1.1.4. handtools

1.2. Industrial age

1.2.1. 1800-1950

1.2.2. factory workers

1.2.3. people-machine

1.2.4. machine

1.3. Information age

1.3.1. 1950-now

1.3.2. knowledge worker

1.3.2.1. creation

1.3.2.2. distribution

1.3.2.3. Application Information

1.3.3. people-peolple

1.3.4. IT

2. Rules of IT in Business

2.1. operational excellence

2.1.1. Improvement of efficiency to attain higher profitability

2.1.2. IS , technology =important tool in accheiving greater efficiency and productivity

2.2. New products, Business model

2.2.1. BUSINESS MODEL = how many produces,delivers ,sells products or services

2.2.2. IS & Technology= a major enabling tools for new products , services , business models

2.3. Customer and Supplier intimacy

2.3.1. Serving customers well leads to customers returning

2.3.2. Intimacy with supplier allows them to provide vital inputs which lower cost

2.4. Improved decision making

2.4.1. without accurate information

2.4.1.1. managers must use forecasts ,best guesses,luck

2.4.1.1.1. over or under production

2.4.1.1.2. misallocation

2.4.1.2. poor outcomes raise costs, lose customers

2.5. compettitive advantage

2.5.1. lead to higher sales and profits

2.5.2. delivering better performance

2.5.3. charging less for superior products

2.5.4. responding to customers ans suppliers in REAL-TIME

2.6. Survival

2.6.1. Information technologies as necessity of business

2.6.2. Industry-level changes

2.6.2.1. eg CITI Bank-----> ATM

2.6.3. Governmental regulations requireing record -keeping

3. make possible due to DIGITAL, MOBILE , NETWORK technology catagorized by

3.1. Innovation

3.2. Increased important on information

3.3. Globalization

3.4. Network economics + societies

4. How IS transform Business

4.1. Increase in wireless technology

4.2. website

4.3. web 2.0( Blog, Social media)

5. Globalization opportunity

6. In the emerging ,fully digital firm

7. Digital firms offer greater flexibility

7.1. eg. time & space shifting

8. ex. Walmart

8.1. Reatil link system

8.2. distribution

8.3. warehouse

9. Business

9.1. Business strategic objective process

10. IT

10.1. software

10.1.1. hardware

10.1.2. data management

10.1.3. telecommunication

11. Perspective on IS

11.1. collect , process , store ,distribute onformation

11.2. support decision making , coordination and control

11.3. set of interrelated components

11.4. BUSINESS PERSPECTIVE ON IS

11.4.1. IS = instrument for creating value

11.4.1.1. Productuvity process

11.4.1.2. Revenue increase

11.4.1.3. superior long term strategic positioning

11.4.2. 3 ways that IS can add value

11.4.2.1. help managers make better decisions

11.4.2.2. help make business more efficient

11.4.2.3. increase profitability

11.4.3. From the graph (phone) we want to be in Q1 ,2 because go high productivities whether with or without IT ( Not every IT succesful)

12. DATA SHAPED= INFORMATION

13. 3 activities of IS produce information organisations need

13.1. Input

13.2. processing

13.3. output

13.4. output

14. Input

14.1. Regulatory Agencies

14.2. suppliers

15. Processing classify Arrange Calculate

15.1. Feedback

15.1.1. stock holder

16. Output

16.1. competitors

16.2. customers

17. 3 Dimensions of IS

17.1. Technololgy

17.1.1. computer hardware / software

17.1.2. data management technology

17.1.3. networking and telecommunications technology

17.1.4. IT infrastructure

17.2. Organization

17.2.1. Hierarchy of Authority , Responsibility

17.2.2. separation of business functions

17.2.3. unique business process

17.2.4. unique business culture

17.2.5. organisational politics

17.3. Management

17.3.1. Manager set organisational strategy for responding to business challenge

17.3.2. managers must act creatively

18. Technology investment

18.1. Investment in IT

18.1.1. not guarantee returns

18.2. considerable variation in returns firms receive from system investments

18.3. FACTORS

18.3.1. Adopting right business model

18.3.2. Investing in complementary assets

18.3.2.1. Organizational asset

18.3.2.2. managerial asset

18.3.2.3. social assest

19. Contemporary Approach to IS

19.1. Management IS

19.1.1. Combines computer science, management science , operation research and practical orientation with behavioural issue

19.2. 4 ACTORS

19.2.1. SUPPLIERS of software / hardware

19.2.2. Firms

19.2.3. managers and employees

19.2.4. Firms' environment

20. Problems

20.1. digital divide

20.1.1. Gap between one who has and doesn't have technology

20.1.2. indicators

20.1.2.1. Infrastructure

20.1.2.1.1. Internet access cost

20.1.2.1.2. level of education

20.1.2.1.3. Income , gender

20.1.2.1.4. Ethnicity

20.1.2.1.5. others

20.1.2.2. Socioeconomics enables

20.1.2.2.1. ICT (information and communications technology) penetration infrastructure

20.1.2.2.2. Numbers of Internet users

20.1.2.2.3. mobile density

20.1.2.2.4. broadband system

20.1.2.3. CLOSE THE GAP

20.1.2.3.1. economics growth

20.1.2.3.2. social mobility

21. New Topic

22. New Topic