Podcast
Questions and Answers
What is necessary for organizations to obtain meaningful value from their technology investments?
What is necessary for organizations to obtain meaningful value from their technology investments?
Which of the following is NOT a complementary asset necessary for maximizing technology investments?
Which of the following is NOT a complementary asset necessary for maximizing technology investments?
Which academic discipline focuses on the formal models and capabilities of information systems?
Which academic discipline focuses on the formal models and capabilities of information systems?
What does a sociotechnical view of systems emphasize?
What does a sociotechnical view of systems emphasize?
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Which of the following best describes a digital firm?
Which of the following best describes a digital firm?
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What are business processes primarily concerned with?
What are business processes primarily concerned with?
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In which of the following areas do behavioral disciplines contribute to the study of information systems?
In which of the following areas do behavioral disciplines contribute to the study of information systems?
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What is a source of competitive strength for organizations?
What is a source of competitive strength for organizations?
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Which of the following is NOT one of the six strategic business objectives mentioned?
Which of the following is NOT one of the six strategic business objectives mentioned?
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What is the primary purpose of information technology (IT) in a business?
What is the primary purpose of information technology (IT) in a business?
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Which activity in an information system involves converting raw data into a meaningful form?
Which activity in an information system involves converting raw data into a meaningful form?
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What type of workers are responsible for designing products or services and creating new knowledge?
What type of workers are responsible for designing products or services and creating new knowledge?
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Which of the following best describes feedback in an information system?
Which of the following best describes feedback in an information system?
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The lower levels of a business hierarchy primarily consist of which type of personnel?
The lower levels of a business hierarchy primarily consist of which type of personnel?
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Which of the following is a major component of the information system that involves collecting raw data?
Which of the following is a major component of the information system that involves collecting raw data?
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What is indicated by competitive advantage as a strategic business objective?
What is indicated by competitive advantage as a strategic business objective?
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What role do complementary assets play in information systems?
What role do complementary assets play in information systems?
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Why are organizations investing in information technology?
Why are organizations investing in information technology?
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Which of the following disciplines is NOT typically associated with information systems?
Which of the following disciplines is NOT typically associated with information systems?
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What are the major objectives that businesses aim to achieve with information systems?
What are the major objectives that businesses aim to achieve with information systems?
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In the context of an information system, what do the activities of input, processing, and output achieve?
In the context of an information system, what do the activities of input, processing, and output achieve?
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What is a significant impact of the Internet on global business?
What is a significant impact of the Internet on global business?
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Which component is NOT part of the technology dimension of information systems?
Which component is NOT part of the technology dimension of information systems?
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What does the management dimension of information systems encompass?
What does the management dimension of information systems encompass?
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Study Notes
Information Systems in Global Business Today
- Organizations are becoming more competitive and efficient through digital enablement of core business processes
- The Internet has facilitated globalization by lowering costs of production, purchase, and sales across the globe
- Emerging trends in information systems include mobile digital platforms, big data (including IoT), remote management, democratized decision making, machine learning systems, and social media use
- Information systems are fundamental to modern business, crucial for survival and achieving strategic business goals in various industries
- Information systems support operational excellence, new product/service development, customer/supplier relationships, enhanced decision-making, competitive advantage, and operational survival
Information System Definitions
- An information system collects, stores, and disseminates information internally from an organization's operational activities and externally from the environment to aid organizational functions (analysis, visualization, control, communication, coordination etc.)
- Transform raw data into usable information through input, processing, and output activities
- Information systems include managerial, organizational, and technological components
- Complementary assets (business models, management behavior, organizational culture) are vital for achieving genuine value from information systems for organizations
Information Systems: Components and Study Approaches
- Information systems involve computer hardware, software, data management, networking/telecommunications technology, organizational hierarchy, competencies, procedures, culture, and political influences
- Studying information systems uses technical approaches (like computer science, management science, operations research) and behavioral approaches (psychology, sociology, economics)
- The ideal perspective on information systems is a sociotechnical perspective (combining technical and social features)
Digital Firms
- Digital firms have significant business relationships nearly exclusively online using digital networks to accomplish internal work
- Core processes span the entire organization or link several firms
- Digital firms heavily leverage digital networks for operations and communication
Business Processes
- Business processes are sequences of connected tasks used to achieve business results
- These tasks have a unique approach to coordination and organization
- Key business processes can be a major source of competitive advantage
Strategic Business Objectives
- Six strategic business objectives are operational excellence, new product/service development, customer/supplier intimacy, effective decision-making, competitive advantage, and survival
Information Technology and Information Systems
- Information technology (IT) is the hardware and software required to achieve business objectives
- Information systems (IS) are the collection, organization, and dissemination of information from internal and external sources to function, make decisions, communicate, coordinate etc.
Data and Information
- Data are raw, unorganized facts or figures
- Information is data formatted, organized, and structured for meaning and useful applications
Information System Activities
- The three main activities in an IS are Input, Processing, and Output
- Input: Capturing data from both internal and external environments
- Processing: Transforming raw input to meaningful data
- Output: Delivering processed data to users and/or processes for actions
Feedback in IS
- Feedback in IS is the output returned to appropriate personnel for evaluations and adjustments in the input to improve processes
Organizational Dimensions
- Organizational elements include people, structure, processes, politics, and culture
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Description
This quiz explores how information systems enable organizations to enhance competitiveness and efficiency in a globalized landscape. It covers key concepts like digital platforms, big data, and their strategic importance in modern business operations. Test your knowledge on the definitions and functionalities of information systems.
