ITM 102 Lecture Notes - Lecture 1: Competitive Advantage, Business Intelligence, Social Business

35 views4 pages
ITM102: Lecture 1 and Textbook - Information Systems in Business Today
How IS are Transforming Business:
Increases international markets, enter new markets, make more profit, social networking, online
shopping
What’s New in Management Information Systems?
Technology:
Bigger data space
Mobile digital platform (IPhone)
Management:
Managers adopt online collaboration and social networking software to improve collaboration
(Ex. Google apps)
Business Intelligence applications accelerate (more powerful data analytics and interactive
dashboards provide real-time performance)
Organizations
Social business use social networking platforms to cooperate social tools
Wireless connection
Globalization Challenges and Opportunities: Flattened World
Internet and global communication has greatly reduced economic and cultural advantages
Jobs, goods, move across the globe
The Emerging Digital Firm
Digital firm: all of organization’s significant business relationships with customers, suppliers, and
employees are digitally enabled and meditated
Strategic Business Objectives of IS:
Operational Excellence:
Improvement of efficiency in order to attain higher profitability
Ex. Walmart’s retail link system links supplies to stores for superior replenishment system (they
achieved $460 billion sales b/c of its Retail links)
IS and technologies are most important tools available to managers for achieving higher levels of
efficiency and productivity
Unlock document

This preview shows page 1 of the document.
Unlock all 4 pages and 3 million more documents.

Already have an account? Log in

Get access

Grade+
$10 USD/m
Billed $120 USD annually
Homework Help
Class Notes
Textbook Notes
40 Verified Answers
Study Guides
1 Booster Class
Class+
$8 USD/m
Billed $96 USD annually
Homework Help
Class Notes
Textbook Notes
30 Verified Answers
Study Guides
1 Booster Class