ITM 100 Lecture Notes - Lecture 2: Transporter 3, Information System, Competitive Advantage
15 May 2018
School
Department
Course
Professor
(transporter 3)
Foundation of Business Information Systems
Rule 1: Business drives information Technology not the reverse
You need to think in terms of business first – techy second.
Rule 2: information technology provides alternatives/options to address business needs and
opportunities
What is a Business?
Commercial Activity where there is an exchange of goods between people and organizations
Before: Business was created to make profit
Now: Business is value-added towards customers
Private Business or Public Business
*Business survival depends on their value assessment
Rule 3: People are the most important asset of the organization
Rule 4: Strategy of Changing Lanes
Need to have a vision to look ahead
Look back and learn from your past mistakes
Signal – people need to know where are you going with your plans
Blind spot – double check your surroundings/make sure there are no further mistakes
Make the move fast – before someone else does
Vision Statement vs Mission Statement
Vision: statement of the preferred future – no verb (Twilight Zone)
Mission: A just society/ a system – has a verb
How do you get world peace?
How do you get a just society?
Triad Model:
3 things that interplay together as a business
People
Technology
Procedures
find more resources at oneclass.com
find more resources at oneclass.com
S.O.B
Three modes of thinking
Strategic mode: strategy, high level thinking
Politicians – investors, etc.
Once you have the strategy down you need to have a operation to put things in a
smaller chunk to get it ready
Operational Mode: putting your strategy in action
Execute your strategy with your operational planning
Battle Mode: fight the consequences and obstacles in your way.
S.O.N.I.A
Strategize
Operationalize
Nexus: notion of how to transfer from planning to execution
Most failed step – if strategy is not understood implementation is not possible
Implement
Act
Chapter 1
6 strategic business objectives
1. Operational excellence
2. New products, services and business models
3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
*MICHAEL PORTER’s 5 fores – EXAM (google it – Youtube)
What is an information system?
Information systems: set of interrelated components
Collect, process, store, and distribute information
Support decisions making, coordination, and control
strategy
execute
find more resources at oneclass.com
find more resources at oneclass.com
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ITM 100 Full Course Notes
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Document Summary
You need to think in terms of business first techy second. Need to have a vision to look ahead. Look back and learn from your past mistakes. Signal people need to know where are you going with your plans. Blind spot double check your surroundings/make sure there are no further mistakes. Make the move fast before someone else does (transporter 3) Rule 1: business drives information technology not the reverse. Rule 2: information technology provides alternatives/options to address business needs and opportunities. Commercial activity where there is an exchange of goods between people and organizations. Rule 3: people are the most important asset of the organization. Vision: statement of the preferred future no verb (twilight zone) Mission: a just society/ a system has a verb. 3 things that interplay together as a business. Once you have the strategy down you need to have a operation to put things in a smaller chunk to get it ready.
