Q. 1. Explain the effects of information systems on business and their relations
ID: 456470 • Letter: Q
Question
Q. 1. Explain the effects of information systems on business and their relationship to globalization. •
Q.2. Explain why information systems are so essential in business today. •
Q.3. Define an information system and describe its management, organization, and technology components.
Q.4. Define complementary assets and explain how they ensure that information systems provide genuine value to an organization. •
Q.5. Describe the different academic disciplines used to study information systems and explain how each contributes to our understanding of them. •
Q.6. Explain what is meant by a sociotechnical systems perspective.
Explanation / Answer
Q. 1. Explain the effects of information systems on business and their relationship to globalization. •
Information systems have made business transactions incredibly easy, fast and efficient through the use of wireless technology, connected enterprise, internet, website, social media, online marketing, increase business use of web 2.0 technology, Enterprise wide productivity systems, cloud computing, mobile digital platform allowing distributed work, collaboration and decision making.
From global perspective, information systems have drastically brought down the costs of doing business on a global level.
Q.2. Explain why information systems are so essential in business today. •
Information systems are a critical necessity for business for multiple reasons. Information systems bring about operational excellence, improvement in efficiency and higher profitability. IS provides critical information for business analysis and provides an organization sustainable competitive advantage.
Information systems facilitate new products, services and business models, improved decision making, better relationships with suppliers, customers, partners and other stakeholders.
Q.3. Define an information system and describe its management, organization, and technology components.
Information system is the study of technology, people, organizations and the relations among them. Enterprise resource planning is an Information System. Its technology components comprise of hardware, database, application and user interface. The management comprise of
Q.4. Define complementary assets and explain how they ensure that information systems provide genuine value to an organization. •
Complementary assets are the assets or infrastructure needed to support technological innovation and facilitate marketing and commercialization of new products and innovations. They provide extraordinary opportunities for flexible global organizational capabilities.
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