Applied Business Tools Chapter 1
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Applied Business Tools Chapter 1

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Questions and Answers

We live in the ______ age, where infinite quantities of facts are widely available.

information

Management Information Systems (MIS) deals with the planning for development, management, and use of ______ tools.

information technology

Information Technology (IT) involves the development, maintenance, and use of computer systems, software, and ______ for data processing.

networks

Data refers to raw facts or observations and are objective measurements of the attributes of ______.

<p>entities</p> Signup and view all the answers

Information is data that have been organized so that they have ______ and value to the recipient.

<p>meaning</p> Signup and view all the answers

The purpose of information systems is to get the right information to the right people at the right time in the right ______.

<p>format</p> Signup and view all the answers

Data items are recorded, classified, and stored but not organized to convey any specific ______.

<p>meaning</p> Signup and view all the answers

MIS may also represent the approach of a company used to collate information necessary in making ______ decisions.

<p>business</p> Signup and view all the answers

The application of information technology has significantly changed the ______ industry.

<p>tourism</p> Signup and view all the answers

A customer's first experience with a hospitality business is often a visit to its ______.

<p>website</p> Signup and view all the answers

Computer systems enhance communication between larger hotel chains with multiple ______.

<p>locations</p> Signup and view all the answers

Mobile devices have largely replaced large desktop ______ in the hospitality industry.

<p>computers</p> Signup and view all the answers

The use of technology in hospitality has made operations more ______ and enjoyable.

<p>efficient</p> Signup and view all the answers

Business management tools help organizations cope with changing ______.

<p>markets</p> Signup and view all the answers

Technology is useful not only for large hotel chains but also for ______ and B and B’s.

<p>smaller companies</p> Signup and view all the answers

The internet has a powerful ______ on the hospitality and tourism sector.

<p>impact</p> Signup and view all the answers

Business Intelligence (BI) provides the ability to make effective, important, and often strategic business ______.

<p>decisions</p> Signup and view all the answers

Knowledge consists of data and information that have been organized and processed to convey ______, experience, learning, and expertise.

<p>understanding</p> Signup and view all the answers

The five components of an information system are People, Hardware, Software, Data, and ______.

<p>Network</p> Signup and view all the answers

In a management information system, a set of interrelated components work together to achieve a common set of ______.

<p>objectives</p> Signup and view all the answers

The first basic function of a system is ______, which involves capturing and assembling elements that enter the system.

<p>Input</p> Signup and view all the answers

The process of converting input into output is known as ______.

<p>Process</p> Signup and view all the answers

Feedback about its input, processing, output, and storage activities is produced by the ______ function of a system.

<p>Control</p> Signup and view all the answers

One of the company departments is ______, which focuses on managing financial activities and resources.

<p>Finance</p> Signup and view all the answers

Study Notes

Overview of Information Technology

  • Information technology significantly impacts business operations in the tourism and hospitality sectors.
  • Changes in the industry arise from competition and innovative practices.
  • IT has evolved as an essential tool for strategic activities in hospitality over the past decade.

Role of the Internet and Communication

  • The internet is crucial for hospitality and tourism, with websites serving as a first impression for customers.
  • Customers use online reviews and pictures to assess services before decision-making.
  • Computer systems enhance communication across multiple hotel locations and streamline staff operations.

Mobile Communication Revolution

  • The shift from desktop computers to mobile devices has transformed traveler interactions.
  • Smartphones and tablets are now primary tools for travelers, enhancing convenience and accessibility.

Technology's Impact on Operations

  • Technology accelerates hospitality operations, making travel processes more enjoyable and efficient.
  • Both large chains and smaller establishments like B&Bs benefit from the integration of technology in their operations.

Business Management Tools

  • Business management tools encompass various systems, applications, and methodologies that help companies adapt to changing markets and improve performance.

The Information Age

  • Underlines the importance of information as a resource for managers in tourism and hospitality.
  • Vast amounts of information are accessible globally, influencing decision-making.

Basic Concepts

  • Management Information Systems (MIS): Focus on planning and using IT tools to facilitate information processing and management.
  • Information Technology (IT): Involves developing and maintaining computer systems to manage data.
  • Data Items: Represent raw facts that need organization to convey meaning.
  • Information: Organized data that has meaning and value for its recipients.
  • Business Intelligence (BI): Collective insights about customers and competitors that inform strategic decisions.
  • Knowledge: Combines data and information into a contextual understanding applicable to business practices.

Components of Information Systems

  • Five essential resources:
    • People
    • Hardware
    • Software
    • Data
    • Networks

Company Departments

  • Key areas include Accounting, Finance, Human Resources, Marketing, Operations Management, and Sales.

Management Information Systems

  • A system is composed of interrelated components working together to achieve common objectives, defining boundaries and processes.

Basic Functions of Systems

  • Input: Gathering and compiling data for processing.
  • Process: Transforming input into meaningful output.
  • Output: Delivering processed information to its intended destination.
  • Storage: Organizing data for future use.
  • Control: Monitoring and providing feedback on processes across the system.

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Description

Explore the essentials of information technology and its impact on business operations, specifically in the tourism and hospitality sectors. This chapter provides a comprehensive overview of key concepts and tools that define the information age.

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