MGT300 - CHAPTER 1

                                     
                                         CHAPTER 1 : BUSINESS DRIVEN TECHNOLOGY 

  • Information Technology's Role In Business
Information technology is everywhere in business

  • Information Technology's Impact On Business Operations


Image




                                          


Common Departments In An Organization
  1. Accounting
  2. Marketing
  3. Operations Management
  4. Human Resources
  5. Production Management
  6. Finance
  7. Sales
  8. Managements Operation Systems

 
                                          

  • Organization operates typically operate by functional areas or functional silos.
  • Functional areas are interdependent.

Information Technology Basics

  • Information Technology (IT) -a field concerned with the use of technology in managing and processing information.
  • Information technology is an important enabler of business success and innovation.
  • Managing information system (MIS) - A general name for the business function and academic discipline covering the application of people, technology, and procedures to solve business problems.
  • MIS is a business function, similar to Accounting, Operations, and Human Resources.
  • When beginning to learn about information technology it is important to understand :
              -Data, information and business intelligence IT resources
              -IT cultures
 

Information

  • Data - raw facts that describe the characteristic of an event
  • Information -data converted into a meaningful and useful content
  • Business Intelligence - applications and technologies that are used to support decision-making efforts
                                                          

                                                              Data, Information and BI

  • Data in an Excel Spreadsheet
                           

  • Data turned into information



  • Information turned into Business Intelligence



  • IT Resources

                                         


IT Cultures

  • Organizational information cultures include :- 
-Information-Function Culture - Employees use information as a means of exercising influence or power over others. For examples, a manager in sales refuses to share information with marketing. This causes marketing to need the sales manager's input each time a new sales strategy is developed.
-Information-Sharing Culture - Employees across departments trust each other to use information (especially about problem and failures ) to improve perfomance.
-Information-Inquiring Culture - Employees across departments search for information to better understand the future and align themselves with current trends and new directions.
-Information-Discovery Culture - Employees across departments are open to the insights about crisis and radical changes and seek ways to create competitive advantages.







Comments

Post a Comment

Popular posts from this blog

MGT300 - CHAPTER 15

Image
                              Outsourcing in the 21 st Century Outsourcing Projects Ø   Insourcing (in-house development) – a common approach using the professional expertise within an organization to develop and maintain the organization’s information technology system Ø   Outsourcing – an arrangement by which one organization provides a service or services for another organization that choose not to perform them-in-house Ø   Factors driving outsourcing growth include : * Core competencies – many companies have recently begun to consider outsourcing as a means to fuel revenue growth rather just a cost-cutting measure * Financial saving – it is typically cheaper to hire workers in China and India than similar workers in the United States * Rapid growth – an organization is able to acquire best-p...
Read more

MGT300-CHAPTER 8

Image
                                  ACCESSING ORGANIZATIONAL INFORMATION - DATA WAREHOUSE  History of Data Warehousing In the 1990's executives became less concerned with the day-to-day business operatios and with more concerned with overall business functions. The data warehouse provided the ability to support decision making without disrupting the day-to-day operations because :           - Operational information is mainly current -does not include the history for better decision making           - Issue of quality information           - Without information history, it is difficult to say how and why things change over time Data Warehouse Fundamentals Data Warehouse - a logical collection of information - gathered from many different operational databases - that support business analysis activities and dec...
Read more

MGT 300 - CHAPTER 12

Image
Integrating the organization from end-to-end – Enterprise Resource Planning (ERP) Ø   Integrating SCM, CRM and ERP *SCM,CRM and ERP are the backbone of e-business *Integration of this applications is the key to success for many companies *Integration allows the unlocking of information to make it available to any user, anywhere, anytime   Ø   Integration tools *Many companies purchase modules from an ERP vendor ,and a CRM  vendor and must integrate the different modules together - Middleware : several different types of software which sits in the middle of and provide connectivity between two or more software applications - Enterprise application integration (EAI ) : packages together commonly used functionality which reduced the time necessarily to develop solutions that integrate applications from multiples vendors Ø   ERP  system must integrate various ...
Read more