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Summary Mis Managing the Digital Firm Chapter 1

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Lecture 1
Information systems in global business today

How information systems are transforming business & what’s new in management information systems? * Emerging mobile digital platform Managers are increasingly using IPhones, IPads, smartphones etc. to coordinate work, communicate with employees, and provide information for decision making. * Growing business use of “big data” Web traffic control, email messages, social media content, sensors that require new data management tools to capture, store, and analyze. * Growth in cloud computing * Allows organizations to rely on telework, remote work, and distributed decision making * Firms can outsource more work and rely on markets to build value. * Firms can collaborate with suppliers and customers to create new products, or make old products more efficiently.
Businesses are starting to use social networking tools to connect their employees, customers and managers worldwide.
Globalization opportunities:
The emergence of the internet into a full blown international communications system has drastically reduced the costs of operating and transacting on a global scale. Information systems enable globalization. * Internet has drastically reduced costs of operating on global scale * Increases in foreign trade, outsourcing * Present both challenges and opportunities
In the emerging, fully digital firm:
Digital firm is one in which nearly all of the organizations significant business relationships with customers, suppliers and employees are digitally enabled and mediated. * Significant business relationships are digitally enabled and mediated * Core business processes are accomplished through digital networks * Key corporate assets are managed digitally
Digital firms offer greater flexibility in organization and management * Time shifting refers to a

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