1.What is the relationship between management information systems (MIS) and information technology (IT)?
Management information systems (MIS) deals with the coordination and use of information technology. MIS plans for, develops, and manages the use of information technology tools to help people perform tasks related to information processing and management in their personal lives, careers, and/or just for every day actions when working with information. MIS helps get the right information technology and right information into the hands of the right people at the right time.
2.What is the relationship between data, information, business intelligence (BI), and knowledge?
Data, information, and business intelligence all build on each other. Information is the more complete picture of multiple data points, while business intelligence extends information in order to give the ability to make effective, important, and often-strategic decisions. With this information and intelligence an individual can develop into a technology-literate knowledge worker or an information-literate knowledge worker to be a more efficient and better understand problems and opportunities in their organization.
3.How does the granularity of information change as it moves from lower to upper organizational levels?
At lower organizational levels, information exhibits fine granularity because people need to work with information in great detail. As information moves toward upper organizational levels, information becomes coarser and less granulated because it is summarized or aggregated in some way.
4.What is the difference between a technology-literate knowledge worker and an information-literate knowledge worker?
A technology-literate knowledge worker knows how and when to apply technology. An information-literate knowledge worker can define what information they need, know how and where to obtain that information, understand the...
...the relationship between managementinformationsystem and information technology?
ManagementInformationSystems (MIS) is the study of people, technology, organizations and the relationships among them. MIS professionals help firms realize maximum benefit from investment in personnel, equipment, and business processes. Business intelligence (BI) is collective information about your customers, your competitors, your business partners, your competitors, your business partners, your competitive environment, and your own internal operations that gives you the ability to make effective, important, and often strategic decisions (Haag & Cummings, 2011). ManagementInformationSystems is a broad business function and the study of the use of IT and IT is a set of tools and a resource within managementinformationsystems. ManagementInformationSystems (MIS) and Information Technology (IT) are all involves computers and the manipulation of information. Computers are relied upon to handle the massive amounts of information that needs to be disbursed, maintained and managed quickly and efficiently
2. What are some relationships among data, information, business intelligence (BI), and...
...Driven InformationSystems – Term Notes
Section 1 – Chapter 1 (informationsystems and business strategy)
Case Study #1 – Information Technology Helps LCBO Transform Itself
Information Technology has helped improve LCBO to become a sophisticated Canadian retailer by helping the organization become more organized (if a bottle is sold, it is deducted from the inventory), it has helped them attract the interest of more customers by introducing Vintages.com where customers could choose from a variety of unique wines and have it delivered to their nearby LCBO store. LCBO.com helped make the company more interactive with their customers by giving them cocktail recipes etc… LCBO’s app allows customers to be able to search inventory and closest store on the go.
InformationSystems (IS) – Computer based tools that people use to work with information and that support the information and information-processing needs of an organization. Informationsystems have helped benefit customer service, finance, sales and marketing, etc… A type of informationsystems is: Transaction Processing Systems (TPS) which is a system that performs or records daily routine transactions such as sales order entry, payroll, employee record keeping, and shipping....
...The Information technology industry, where nothing is predictable and constant change has become a usual trend, is now on its new phase of its evolution stages. According to Richard L. Nolan, MBA Class of 1942 Professor of Business Administration: “Information Technology is no longer being used as just a tactical resource, it’s now fundamentally influencing business strategy and competition” (http://alumni.hbs.edu/bulletin/1997/april/text/theory_text.html 04.02.06). This paper will examine and analyze the issues and challenges like the one that has been raised by Professor Richard L. Nolan. The essay will be based on the case study of the company called Canon, which automated all its documentation and information flow procedures by introducing new InformationSystemManagement. It has become one of the major solution companies, which serves InformationManagement issues for other firms and organizations. There have been dozens of profit and non-profit organizations who have invested tens of millions of pounds in introducing new technologies and systems, in order to operate more effectively and efficiently, and in order to adapt to any kind of change more rapidly than their rivals and competitors. The essay will be continued by discussing the necessities and aspects that made the organizations to spend so much capital on new technologies and so...
ManagementInformationSystems: Managing the Digital Firm, 11e, Prentice- Hall
Review Questions page 33
1. How does Porter’s competitive forces model help companies develop competitive strategies using informationsystem?
• Define Porter’s competitive forces model and explain how it works.
• List and describe four competitive strategies enabled by informationsystem that firms can pursue.
• Describe how informationsystem can support each of these competitive strategies and give examples.
• Explain why aligning IT with business objectives is essential for strategic use of systems
1. This model provides a general view of the firm, its competitors, and the firm’s environment. Porter’s model is all about the firm’s general business environment. In this model, five competitive forces shape the fate of the firm:
• traditional competitors
• new market entrants
• substitute products and services
1.2 Low-cost leadership: lowest operational costs and the lowest prices.
• Product differentiation: enable new products and services, or greatly change the customer convenience in using existing products and services.
• Focus on market niche: enable a specific market focus and serve this narrow target market better than competitors.
• Strengthen customer and suppliers: tighten linkages with...
...difference between information technology and informationsystems?
Information Technology (IT), in general, it is the acquisition, processing, storage and dissemination of digitized information that often represented technically as “Data” through electronics-based media built upon the disciplines of computing and telecommunications. The information technology, in its raw form, it comprises of Hardware, Software, the platforms to support both, communication networks and protocols.
InformationSystems (IS) is a bridge for both the business field and the computer science field. It is a combination of hardware, software, infrastructure and trained personnel organized to facilitate planning, control, coordination, and decision making in an organization. The Informationsystems are supported by the theoretical foundations of management social science, information theories and information technology.
1) Origin: Information technology can be considered as a subset of informationsystems. It deals with the technology part of any informationsystem, and as such deals with hardware, servers, operating systems and software etc.
A system is always a combination of people,...
...fundamentals of managing and using information along with a sound, unique business vision is a core for future success in a business
Now a day, more and more businesses conduct their businesses over the internet and are using information technology and informationsystems to gain competitive advantages. Understanding information use is critical in the context of a goal-oriented information problem. Strategic informationsystems often change the organization as well as its products, services, and operating procedures, driving the organization into new behavioral patterns. Successfully using informationsystems to achieve a competitive advantage is challenging and requires precise coordination of technology, organizations, and management. The purpose of this paper is to hypothesise the fundamentals of managing and using information along with a sound, unique business vision is a core for future success in a business.
The growth of computer technology in 1950s had initiated increasing development in information storing and processing. Computer technologies increase the use of information due to its capabilities of analyzing massive amount of data and in producing accurate and timely reports. These unique features of computer capabilities have lead to the...
...LUCAS ATIIRU ADITIBA
The role of managementinformationsystem in contemporary business/organizations cannot be over emphasized. Discuss
ManagementInformationSystem (MIS) is a combination of tools, processes, and technologies that an organization deploys in order to gather relevant operating data and gain efficiency in internal processes. The system consists of tools and technologies, such as computer software and hardware, as well as technical personnel.
* Decision Making Tool
Managementinformationsystem plays an essential role in corporate decision-making processes in organizations by providing operating data necessary for decision-making; the system helps senior leadership make well-informed decisions, depending on current economic trends, regulatory developments and internal business requirements in the short and long terms.
Also, Accounting InformationSystems (AIS) are a subset of a company's total ManagementInformationSystems aid organizations business decisions and ensure profitable business operations.
business report image by Christopher Hall from Fotolia.com
* Organizational Layout and Structure Charts
Using an MIS,...
InformationSystems, Organizations, and Strategy
* Identify and describe important features of organizations that managers need to know about in order to build and use informationsystems successfully.
* Evaluate the impact of informationsystems on organizations.
* Demonstrate how Porter’s competitive forces model and the value chain model help businesses useinformationsystems for competitive advantage.
* Demonstrate how informationsystems help businesses use synergies, core competencies, and network-based strategies to achieve competitive advantage.
* Assess the challenges posed by strategic informationsystems and management solutions
Will the New US Airways Be Able to Fly?
* Problem: Intense competition and environmental changes.
* Solutions: Revising business processes and integrating them with informationsystems and culture could increase sales and reduce costs.
* Selecting appropriate systems and technology eliminates redundant systems.
* Demonstrates IT’s role in supporting improved business processes.
* Illustrates the benefits of integrating informationsystems in the face of interdependence of environment, culture, process,...