1. Describe three ways in which information systems are transforming business.

Transformation of Industrial Economies
While leading companies achieve competitive advantage through investments in IT, some are indeed negatively affected by this trend in technology. Today, customers have other preferences hence, old landline communications companies have lessen its customers; travel agencies have reduced over-the-counter sales; and entertainment industries, particularly music and film have lower revenues these past few years as compared with that in the past. But despite of these, technology convergence arises in many ways. IT has broken down boundaries and business relationships while new products and services are introduced. For example, telecommunications network are offering its subscribers with landline telephones merged with Internet services; handheld mobile telephones are becoming Internet access devices and also cellular networks provide financial services to its customers. The bottom-line of it all is that endless possibilities are in the doors of business firms, provided that they are being open to IT-enabled tools and solutions. Negatively affected industries can create new products and services, find another platform to deliver existing products and services, or take partnership from another firm.

Transformation of the Business Enterprise

One foremost impact of technology is the reduced employees in every organization. While traditional businesses tend to hire many employees to increase its production, firms these times are compelled to flatten organizations. IT has simplified business processes. As a result, multi-level management structure is being eliminated and obviously various manual labors are being replaced by machines. Work responsibilities are also becoming flexible among employees as MIS help their work easier and faster and most