ITM 100 Chapter 1: Ch. 1 - Information Systems in Global Business Today
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ITM 100 Full Course Notes
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Information systems in global business today ch. business model: how a company produces, delivers, & sells a product/service to create wealth: customer and supplier intimacy, improved decision making, competitive advantage, survival. Section 1. 2 y information technology: all the hardware and software that a firm needs to use to achieve business objectives. Dimensions of information systems y information systems literacy: the technical dimensions of systems y computer literacy: focuses on knowledge of information technology. A business perspective on information systems y managers and business firms invest in information technology and systems because they provide real economic value to the business y. Information systems are part of a series of value-adding activities for acquiring, transforming, and distributing information that managers can use to improve decision making, enhance, increase firm profitability. Section 1. 3 y complementary assets: assets required to derive value from a primary investment y organizational and management capital: investments in organization and management.