...Business Information Systems in Your Career C H A P T E R 1 STUDENT LEARNING OBJECTIVES After completing this chapter, you will be able to answer the following questions: 1. 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? What exactly is an information system? How does it work? What are its people, organization, and technology components? How will a four-step method for business problem solving help you solve information system-related problems? How will information systems affect business careers, and what information systems skills and knowledge are essential? 2. 3. 4. 5. 2 C HAPTER O UTLINE Chapter-Opening Case: The New Yankee Stadium Looks to the Future 1.1 The Role of Information Systems in Business Today 1.2 Perspectives on Information Systems and Information Technology 1.3 Understanding Information Systems: A Business Problem-Solving Approach 1.4 Information Systems and Your Career 1.5 Hands-On MIS Projects Business Problem-Solving Case: What’s the Buzz on Smart Grids? THE NEW YANKEE STADIUM LOOKS TO THE FUTURE Although baseball is a sport, it’s also big business, requiring revenue from tickets to games, television broadcasts, and other sources to pay for teams. Salaries for top players have ballooned, as have ticket prices. Many fans now watch games on television rather than attending them in person...
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...Management Information Systems, 11e (Laudon) Chapter 1 Business Information Systems in Your Career 1) Purchase of information systems and telecommunications equipment constituted more than half of all capital investment in the United States in 2013. Answer: TRUE Diff: 2 Page Ref: 5 AACSB: Information technology CASE: Comprehension Learning Objective: 1 - How are information systems transforming business, and what is their relationship to globalization? 2) A business model describes how a company produces, delivers, and sells a product or service to create wealth. Answer: TRUE Diff: 1 Page Ref: 11 AACSB: Application of knowledge CASE: Comprehension Learning Objective: 2 - Why are information systems so essential for running and managing a business today? 3) Information systems consists of all the hardware and software that a firm needs to use in order to achieve its business objectives. Answer: FALSE Diff: 2 Page Ref: 13 AACSB: Information technology CASE: Comprehension Learning Objective: 3 - What exactly is an information system? How does it work? What are its people, organizational, and technology components? 4) An extranet is a private intranet extended to authorized users outside the organization. Answer: TRUE Diff: 1 Page Ref: 17 AACSB: Information technology CASE: Comprehension Learning Objective: 3 - What exactly is an information system? How does it work? What are its people, organizational, and technology components? 5) Information systems literacy...
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...Why Learn About Information Systems in Organizations? Information systems are used in almost every imaginable profession. Entrepreneurs and small business owners use information systems to reach customers around the world. Sales representatives use information systems to advertise products, communicate with customers, and analyze sales trends. Managers use them to make multimillion- dollar decisions, such as whether to build a manufacturing plant or research a cancer drug. Financial advisors use information systems to advise their clients to help them save for their children’s education and retirement. From a small music store to huge multinational companies, businesses of all sizes could not survive without information systems to perform accounting and finance operations. Regardless of your college major or chosen career, information systems are indispensable tools to help you achieve your career goals. Learning about information systems can help you land your first job, earn promotions, and advance your career. Why learn about information systems in organizations? What is in it for you? Learning about information systems will help you achieve your goals. Let’s get started by exploring the basics of information systems. Why Learn About Hardware and Software? Organizations invest in computer hardware and software to improve worker productivity, increase revenue, reduce costs, and provide better customer service. Those that don’t may be stuck with outdated...
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...Information Systems and Business Evelyn Jenkins INF220: IS Principles Instructor Christopher Powell March 31, 2014 Over the course of the past few weeks, we have learned about businesses and how technology has affected how businesses are operating domestically and internationally. The information that I will provide in this assignment will give you an insight as to how information systems transform businesses, help solve business problems; how information systems support major business functions and how information systems affect business careers. Information systems are transforming business by providing instant access to real time information that can be processed immediately. Information systems relate to globalization because they connect companies, individuals, and data from all over the world together making access to information easier. Individuals and companies can access and share information through a number of resources available to them. Essential tools for conducting business may be internet, e-mail, online conferencing, video-web conferencing, cell phones, laptops, or any hand held smart device. In the fast paced environment that allows commerce to take place, information systems are key and are the foundation to any company’s success. The internet allows any company or individual to buy, sell, advertise, give and or receive company feedback online. This is allowing companies and or individuals to become more competitive and efficient by rethinking...
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...Chapter 1 Business Information Systems in Your Career Computers continue to change every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends, relatives, and business associates. As you can see from the opening vignette in the text, many businesses are remodeling their products and services to take advantage of expanded channel outlets such as the Internet, cell phones, and iPad and tablet devices. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how information technology is being used by many businesses worldwide to increase efficiency, save money, and create better relationships with suppliers and customers. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people—not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter will begin to explain why you need to manage your information resources as closely as any other in your organization. How Information Systems Are Transforming Business The next time you’re in your workplace or on...
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...entertainment to shopping, from the work we do and where we do it, to how we communicate with friends, relatives, and business associates. As you can see from the opening vignette in the text, many businesses are remodeling their products and services to take advantage of expanded channel outlets such as the Internet, cell phones, and even iPod devices. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how information technology is being used by many businesses worldwide to increase efficiency, save money, and create better relationships with suppliers and customers. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people—not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter will begin to explain why you need to manage your information resources as closely as any other in your organization. How Information Systems Are Transforming Business The next time you’re in your workplace or on your school’s campus, even walking down the street, take a closer look at the people around you and observe what they’re doing...
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...dimensions to business problems? Provide examples of each. Dimension #1- People Lack of employee training Difficulties of evaluating performance Legal and regulatory compliance Work environment Lack of employee support and participation Indecisive management Poor management. (Essentials of Management Information systems ch.1, pg.22) Dimension #2- Organizations Outdated business processes Unsupportive culture and attitudes Political conflict Turbulent business environment, change Complexity of task Inadequate resources. (Essentials of Management Information systems ch.1, pg.22) Dimension #3- Technology Insufficient or aging hardware Outdated software Inadequate database capacity Insufficient telecommunications capacity Incompatibility of old systems with new technology Rapid technological change. (Essentials of Management Information systems ch.1, pg.22) 2. What is the difference between IT and information systems? Describe some functions of information systems. An information system (IS) can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making, coordinating, and control in an organization. In addition, information systems may also help managers and workers analyze problems, visualize complex subjects, and create new products. (Essentials of Management Information systems ch.1, pg.13) Information technology (IT)...
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...1 Business Information Systems in Your Career Computers continue to change every aspect of our lives from entertainment to shopping, from the work we do and where we do it, to how we communicate with friends, relatives, and business associates. As you can see from the opening vignette in the text, many businesses are remodeling their products and services to take advantage of expanded channel outlets such as the Internet, cell phones, and even iPod devices. This chapter gives you an overview of many of the subjects we’ll touch on in this course. It will help you understand how information technology is being used by many businesses worldwide to increase efficiency, save money, and create better relationships with suppliers and customers. 1.1 The Role of Information Systems in Business Today Ask managers to describe their most important resources and they’ll list money, equipment, materials, and people—not necessarily in that order. It’s very unusual for managers to consider information an important resource, and yet it is. As electronic business and electronic commerce grow in popularity and more firms digitize their operations, having useful information is becoming even more important to the global business community. This chapter will begin to explain why you need to manage your information resources as closely as any other in your organization. How Information Systems Are Transforming Business The next time you’re in your workplace or on your school’s...
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...out on a major journey without first knowing your destination. I know goal setting will be a very powerful tool that will help me to think about my future, and also to act as motivation in turning my vision into reality. Also, by setting my personal goals for five years will be very important to me because they will help me to know precisely what I want to achieve, and where I have to concentrate my efforts. After I graduate with my masters’ degree in management information technology, I would like to obtain a challenging position which will allow me to use my information technology skills in assisting my organization's success and future growth, become a business analyst and then grow into my current job as a director of information technology. I am preparing for these goals by focusing on my studies and following through with my educational goals in achieving a master’s degree in management information technology. I will try to connect with groups and organizations in my field and also be attentive to changes in my profession. To achieve these goals, I know my work life will be greatly affected because I will have to sacrifice more time by concentrating with my studies. Being a mother and working full time might not be an easy task, but I will have to sacrifice and commit myself to achieve those goals. Competencies are a representation of the knowledge and skills that are required for performing and supporting the business processes. They represent the basis for creating...
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...support for the CENTURY 21® System. The System is comprised of more than 102,000 affiliated sales professionals in approximately 6,900 offices in 75 countries and territories worldwide. CENTURY 21 Real Estate is recognized as a leader in e-marketing and has received numerous awards. The Companies System is actively increasing its presence globally, with international operations throughout Europe, Latin America, the Middle East and Asia. The world's largest residential real estate sales organization, with more approximately 7,100 independently owned and operated franchised broker offices. I report to the owner of the franchise, which is the head broker. My Positions is Real Estate Agent, been with the company 8 years, the team consist of 10 people all independent agents, we all come to together when it’s time, to discuss ways of working to together on projects, and making the office run more efficient. Our executive officer which is the owner is always open for new ideas. International Headquarters 175 Park Avenue Madison, New Jersey 07940 Contents Assignment 1.2: Organizational Profile Part 1— Description of your Company 3 Assignment 2.1: Organizational Profile Part 2—Alignment of Mission, Vision, Values, and Strategy 4 Assignment 2.2: Stakeholder Analysis 5 Assignment 3.2: Organizational Profile Part 3—Cultural Analysis 6 Assignment 4.2: Alignment of your Organization’s Performance Appraisal System with its Strategy and Culture...
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...Career Contents 1. Abstract ..............................................................2 2. Introduction.........................................................3 3. Body * How to choose a Career.......................................5 * Choosing Economics as a Career.......................11 4. Conclusion..........................................................18 5. Bibliography.......................................................20 6. Appendix ..........................................................22 Abstract This paper explores how should an individual choose the career for his or her life as well as choosing career in economics. Online (web-pages, online journals, NBEA yearbooks) and offline (books, magazines, dictionaries, research) materials are used in the research that are shown in bibliography. Apart from these, there can be seen the Myers-Briggs Personality Test that helps people to take first idea when choosing future career. This article clearly explains the definitions of career, job, and occupation. At the end in appendix part, example resume and tables are shown that mentioned in body part. It contains below listed keywords: career, job, occupation, personality test, resume, interview, search strategies, search engines, salary, economics, theoretical economist, business economist, government economist, academic, personal qualities, work conditions, education Introduction Many people ask "How do I pick the right career?" In the...
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...CHAPTER 1 THE INFORMATION AGE IN WHICH YOU LIVE: CHANGING THE FACE OF BUSINESS JUMP TO THE SUPPORT YOU WANT • Lecture Outline • Modules, Projects, and Data Files • Slide Reviews • Closing Cases • Short-Answer Questions • Assignments and Exercises • Discussion Questions • Industry & Global Perspectives • Additional Assignments and Exercises CONTACT INFORMATION: Stephen Haag (shaag@du.edu) STUDENT LEARNING OUTCOMES 1. Define management information systems (MIS) and describe the three important organizational resources within it – people, information, and information technology. 2. Describe how to use break-even analysis to assess the financial impact of information technology. 3. Describe how to use Porter’s Five Forces Model to evaluate the relative attractiveness of and competitive pressures in an industry. 4. Compare and contrast Porter’s three generic strategies and the run-grow-transform framework as approaches to the development of business strategy. CHAPTER SUMMARY This chapter serves two primary purposes. First the chapter introduces your students to the broad notion of management information systems within an organization and the three key resources on which MIS focuses – people, information, and information technology. Second, the chapter jumps right into the process of appropriately selecting which technologies to use based on the industry in which your organization operates, the identified...
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...Chapter One Foundations of Information Systems in Business Jerry Chih-Ching Chiang NDHU, 9/30-10/14/2014 Learning Objectives #1-2 Understand the concept of a system and how it relates to information systems Provide examples of the components of real world information systems Explain why knowledge of information systems is important for business professionals, and identify five areas of information systems knowledge they need Give examples to illustrate how the business applications of information systems can support a firm’s • business processes • managerial decision making • strategies for competitive advantage 2-61 Learning Objectives #2-2 Provide examples of several major types of information systems from your experiences with business organizations in the real world Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business Demonstrate familiarity with the myriad of career opportunities in information systems 3-61 Agenda Introduction System Information Management Changing World and New Economy Types of IS IS Development and Success, Challenges, Opportunities, and Ethics of IT, and Career Opportunities 4-61 Introduction 5-61 IT Market & Investment Statistics The overall information and communications technology market grew by 6 percent to almost $3...
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...BA IN BUSINESS ECONOMICS & IT(Information Technology) …3½YEARS PROFESSIONAL BACHELOR Eager for a career in Business & Information Technology? The unique combination of Business Economics & Information Technology will provide you with the ability to analyze, design and execute projects within the area of IT and business process development. Whether you dream of a career in a global company or starting up your own business, Business Economics and Information Technology will give you a solid base of innovative thinking on which to build your future. Contents The education is a BA of 3 ½ years. During the seven semesters, you will work with business economics, IT systems development, IT project management, socioeconomics, methodology and internship. Download complete curriculum - or the Danish version Studieordning. Business Economics 45 ECTS Business Economics is about understanding the companies and organizations that use IT to manage their business processes. You learn from both an operational and strategic perspective to identify, analyze and design IT-supported business processes. Subjects: * Business Economics including disciplines like organizational theory, accounting and marketing * Business Strategy including concepts like Enterprise Resource Management, Supply Chain Management and Business Process Management * Project Management * Strategic Planning of Information Systems Information Technology 50 ECTS An understanding of IT and...
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...Deloitte Consulting WetFeet Insider Guide 2005 Edition The WetFeet Research Methodology You hold in your hands a copy of the best-quality research available for job seekers. We have designed this Insider Guide to save you time doing your job research and to provide highly accurate information written precisely for the needs of the job-seeking public. (We also hope that you’ll enjoy reading it, because, believe it or not, the job search doesn’t have to be a pain in the neck.) Each WetFeet Insider Guide represents hundreds of hours of careful research and writing. We start with a review of the public information available. (Our writers are also experts in reading between the lines.) We augment this information with dozens of in-depth interviews of people who actually work for each company or industry we cover. And, although we keep the identity of the rank-and-file employees anonymous to encourage candor, we also interview the company’s recruiting staff extensively, to make sure that we give you, the reader, accurate information about recruiting, process, compensation, hiring targets, and so on. (WetFeet retains all editorial control of the product.) We also regularly survey our members and customers to learn about their experiences in the recruiting process. Finally, each Insider Guide goes through an editorial review and fact-checking process to make sure that the information and writing live up to our exacting standards before it goes out the door. Are we perfect? No—but we...
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