COMMERCE 2KA3 Chapter Notes - Chapter 1: Eurovision Song Contest, California State Route 79, Sharepoint

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Document Summary

Information systems are transforming business by increasing the use of wireless technology, like websites, shifting media and advertising, and the creation of new federal security and accounting laws. Figure 1 - what is new in mis. Globalization has created new challenges and opportunities, with the internet the world has become. Flattened due to global communication, greatly reducing the economic and cultural advantages of developed countries. It has also reduced costs of operating on global scales. The emergence of the digital firm, one in which nearly all of the organization s significant business relationships with customers, suppliers, and employees are digitally enabled and mediated. Core business processes are accomplished through digital networks spanning the entire organization or linking multiple organizations. With digital firms, the standard 9-5 work day usually doesn t apply as time shifting occurs (which refers business being conducted continuously, 24/7.