Understand the effects of information systems on business and their relationship to globalisation: Management Information Systems Case Study, TCD, IReland
| University | Trinity College Dublin (TCD) |
| Subject | Management Information Systems |
Understand the effects of information systems on business and their relationship to globalisation.
• Explain why information systems are so essential in business today.
• Define an information system and describe its management, organisation, and technology components.
Define complementary assets and explain how they ensure that information systems provide genuine value to an organisation.
• Describe the different academic disciplines used to study information systems and explain how each contributes to our understanding of them.
• Explain what is meant by a sociotechnical systems perspective.
Growing interdependence between ability to use information technology and ability to implement corporate strategies and achieve corporate goals
• Business firms invest heavily in information systems to achieve six strategic business objectives:
How information systems are transforming business
– Emerging mobile digital platform
– Growing business use of “big data”
– Growth in cloud computing
• Globalisation opportunities
– Internet has drastically reduced costs of operating on global scale
– Increases in foreign trade, outsourcing
– Presents both challenges and opportunities
• In the emerging, 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 organisation and management.
– Time shifting, space shifting
Growing interdependence between ability to use information technology and ability to implement corporate strategies and achieve corporate goals
• Business 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
