RSM100Y1 Lecture Notes - Page Layout

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21 Mar 2011
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I nformation managers: the manager responsible for the activities needed. I nformation management: an internal operation that arranges the firm"s. 1. to generate, analyze, and disseminate information that a company needs to make good decisions. 2. information resources to support business performance and outcome: data: raw facts and figures. I nformation: a meaningful, useful interpretation of data. 5. information that can be used for decision making. Information technology: the various devices for creating, storing, exchanging, and using information in diverse models, including visual images, voice, multimedia, and business data, ex. 20. with internet, companies that are scattered throughout the globe can easily coordinate orders of goods together: there is a faster transfer of information, thus saving time. 22. increased collaboration allowed companies to suite the needs of their employees and consumers. 24. instantaneous info is available to all levels of management. 25. mass customization: producing large volumes of products or service, but giving customers the choice of feature and option they want.