ISYS111 Chapter Notes - Chapter 5: Geocoding, Business Analysis, Sensitivity Analysis
7 Jun 2018
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ISYS111: FUNDAMENTALS OF BUSINESS INFORMATION SYSTEMS, WEEK 4
Learning Outcomes:
Explain the role, major types, functions, key elements and components of information systems in business
and other types of organisation (LO1)
Demonstrate practical skills in the major functions of spreadsheet, database and ePortfolio software (LO5)
Essential Question:
How will Business Intelligence help me as a manager and the organisation?
Notes:
Business intelligence:
• Business intelligence – communication and collaboration tools that provide indirect support to
decision making
o Vital to modern decision making and organisational performance
o Encompasses not only applications but also technologies and processes
o Icludes gettig data i through a data art or arehouse ad out through BI
applications)
o Is now a requirement for competing in the marketplace
Managers and decision making:
• Management – process by which an organisation achieves its goals through the use of resources
(people, money, materials and information, known as inputs)
• All managers perform three basic roles:
o Interpersonal – leader, liaison
o Informational – monitor, dissemination, spokesperson
o Decisional – entrepreneur, resource allocator, negotiator
• Decision – refers to a choice among two or more alternatives that individuals and groups make
o Is a systematic process
o Three major phases:
➢ Intelligence – managers examine a situation and identify and define the problem or
opportunity
➢ Design – decision makers construct a model for the situation; achieved by making
assumptions and expressing the relationships among all the relevant variables
➢ Choice – involves selecting a solution or course of action that seems best suited to
resolve the problem
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
Explain the role, major types, functions, key elements and components of information systems in business and other types of organisation (lo1) Demonstrate practical skills in the major functions of spreadsheet, database and eportfolio software (lo5) Business intelligence: business intelligence communication and collaboration tools that provide indirect support to decision making, vital to modern decision making and organisational performance, encompasses not only applications but also technologies and processes. I(cid:374)cludes (cid:858)getti(cid:374)g data i(cid:374) (cid:894)through a data (cid:373)art or (cid:449)arehouse(cid:895) a(cid:374)d out (cid:894)through bi applications) Is now a requirement for competing in the marketplace. Managers and decision making: management process by which an organisation achieves its goals through the use of resources (people, money, materials and information, known as inputs, all managers perform three basic roles: Informational monitor, dissemination, spokesperson: decisional entrepreneur, resource allocator, negotiator, decision refers to a choice among two or more alternatives that individuals and groups make. Is a systematic process: three major phases:
