ITM 102 Chapter Notes - Chapter 6: Agency Cost, Root Mean Square, Information System

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Franklyn Prescod

Document Summary

Itm chapter 3- information systems , organizations, and. Information systems are developed by managers to serve the interests of the business. Rm, but at the same time the organization must be aware of and open to the in uences of information systems to bene t from new technologies. The interaction between the two is complex and is in uenced by many mediating factors (environment, culture, structure, politics) Organization: it is a stable, formal social structure that takes resources from the environment and processes them to produce outputs. A more realistic de nition of an organization is a collection of rights, privileges, obligations, and responsibilities delicately balanced over a period of time through con ict and con ict resolution. Organizations are formal legal entities with internal rules and procedures that must abide by laws. Organizations are also social structures because they are a collection of social elements for example people, relationships, groups, and teams.