ITM 100 Chapter Notes - Chapter 3: Transaction Cost, Agency Cost, Adhocracy

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Deb Fels

Document Summary

Stable, formal social structure that takes resources from environment and processes them to produce outputs. A formal legal entity with internal rules and procedures, as well as a social. A collection of rights, privileges, obligations, and responsibilities that is delicately balanced over a period of time through conflict and conflict resolution. Routines and business processes: precise rules, procedures, and practices. Organizational politics: all large information systems investments by a firm brings changes into the firm charges a political events. Organizational culture: encompasses set of assumptions that define goal and product. How and where it should be produced. May be powerful unifying force as well as restraint on change. Organizational environments: organizations and environments have a reciprocal relationship. Organizations are open to, and dependent on, the social and physical environment. Information systems can be instrument of environmental scanning, act as a lens. Managed by an entrepreneur also the chief executive officer. Centralized management team and a centralized decision making.