ADM 1370 Study Guide - Final Guide: Netscape Browser, Enterprise Resource Planning, Business Process

• School: University of Ottawa
• Department: Administration
• Course: ADM 1370
• Professor: Robert Brown

Document Summary

Factors to consider when assessing impact of it: Internet is allowing huge changes in businesses (online banking, emails, voice conferences: transformation of businesses. Information and communications technology (ict) is the largest component of capital investment: managers need to know how to invest it wisely, examples: using social networking to get a strategic advantage. Success of business can depend on how well you make ict investment decisions. Emphasis of course is on using information systems to gain competitive advantage. More interaction (technology) between car companies and suppliers so they can adjust the delivery of parts according to volume. Tom friedman gave a list of factors that are causing flattening (business ict systems are playing a role) Globalization boarder are reduced, worldwide communication. Global economic playing field has been levelled new strategies and solutions are needed to succeed. Challenges: political system, culture, regulations, people, internet access/freedom. Digital firms use information systems to create a seamless flow of information.