ITM 100 Lecture Notes - Lecture 1: Management Information System, Place Shifting, Time Shifting

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Debapriya Sen

Document Summary

Itm 100 chapter one notes: (information systems in business. Increased e-commerce: emerging mobile digital platform, growing business use of big data , growth in cloud computing, new government regulations affect business responsibilities, shift in media: more news delievered online. What is new in management information systems: change in technonology, impact on business success. Globalization: challenge & oppurtunities: a flattened world. The emerging digital firm: 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. Strategic business objectives of information systems: operational excellence: Improvement of efficiency to attain higher profitibility. Information systems, technology an important tool in achieving greater efficiency and productivity. Walmart"s retail link system links suppliers to stores for superior replenishment system: new product, services and busienss models: Business model: describes how company produces, delivers, and sells product or service to create wealth.