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Management Information Systems Chp 1

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Information systems are transforming businesses by making businesses more efficient and keeping them up to date by communicating with their customers in a new way. These days, many firms rely on the internet for many different purposes. The main one being communicating. Everything from marketing and advertising on popular social networks like Facebook and twitter to market business services and products and receive feedback from customers. It benefits businesses to invest in information systems because it is one way to take advantage of these new technologies so your business can enhance efficiency and profitability and stay ahead of the competition (Laudon & Laudon, 2012, P.4).
-Their relationship to globalization is that the internet and global communication had significantly reduced the economic and cultural advantages of developed countries.
-The challenges of globalization in a flattened world are competing for jobs, markets, and resources (Laudon & Laudon, 2012, P.9). Some opportunities are that businesses can acquire how to profit from lower costs available in world markets and develop more sophisticated and profitable products and services. With the U.S economy creating 3.5 million new jobs every year, employment for information systems is rising.

3)
The organizational dimension of information systems is a structure that is composed of different levels and specialties. This dimension completes and coordinates work through hierarchies. The people dimension is the employees of the business. They need highly skilled and educated people who understand how to use the information in a system. The last dimension is technology which consists of computer hardware and software. The hardware is the physical equipment used for input, processing, and output activities. The software contains preprogrammed instructions that control the computer hardware components (Laudon & Laudon, 2012, P.17). The internet also plays a big role in technology since it is used for several purposes. The World Wide Web is a highly used service of the internet which ties into technology as well.
-An information system basically collects, processes, stores, and distributes information to support decision making, coordinating, and control in an organization.
-To distinguish data and information is to think of data as raw facts and information as data that has been arranged into a form that is valuable.
-To distinguish information system literacy and computer literacy is to understand that information system literacy includes a behavioral and technical approach to study information systems. Computer literacy, on the other hand, focuses primarily on knowledge information technology (Laudon & Laudon, 2012, P.15)

5)
The role of information systems in careers such as accounting, finance, marketing, and management is that the knowledge of information systems is mandatory to help firms achieve business objectives such as: achieving operational efficiencies, developing new products and services, and maintaining customer intimacy (Laudon & Laudon, 2012, P.29)
-The skills that are essential for all business careers include: -Developing skills in analysis of information systems to help firms understand and make sense of their environments. -Must be able to work with specialist and system designers who build and implement information systems. -Must understand how information systems can be used to meet business requirements for reporting to government regulators and the public about how the systems impact the ethical issues in their fields (Laudon & Laudon, 2012, P.29).

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