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3 Cards in this Set

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  • Back
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What’s New In Management Information Systems?

•Technology


–Cloud computing


–Big data and the Internet of Things (IoT)


–Mobile digital platform


•Management


–Online collaboration and social networking software


–Business intelligence


–Virtual meetings


•Organizations


–Social business


–Telework


–Co-creation of business value

They are three things

The Emerging Digital Firm

•In a fully digital firm:


–Significant business relationships are digitally enabled and mediated


–Core business processes are accomplished through digital networks


–Key corporate assets are managed digitally


•Digital firms offer greater flexibility in organization and management


–Time shifting, space shifting

They are two things

Strategic Business Objectives of Information Systems

•Growing interdependence between:


–Ability to use information technology and


–Ability to implement corporate strategies and achieve corporate goals


•Firms invest heavily in information systems to achieve six strategic business objectives:


1.Operational excellence


2.New products, services, and business models


3.Customer and supplier intimacy


4.Improved decision making


5.Competitive advantage


6.Survival

8 in total