MIS 3862 How Levi’s Got Its Jeans into Wal-Mart Information Systems in Perspective • Chapter 1: – – – – – – – – Information concepts What is an information system Business information systems Systems development Organizations and info systems Competitive advantage Performance based systems Careers in Information Systems 3 Why Learn about Information Systems 4 What is a system? Earthbuddy 5 What is an Information System? • A set of interrelated components that collect, manipulate, and disseminate data and information and provide a feedback mechanism to meet an objective. 6 • Information technology (IT) – any _______-based tool that people use to work with information and support the information and information-processing needs of an organization – Information _______ is an important _______of business success and innovation 7 • Management information systems (MIS) – the function that plans for, _______, implements, and _______ IT hardware, software, and the portfolio of applications that people use to support the goals of an organization – MIS is a business _______, similar to Accounting, Finance, Operations, and Human Resources 8 Today we live in an _______ age Where knowledge is power to gain and sustain a competitive advantage. • Once you finish your program, you will enter the _______ as a knowledge worker. • Knowledge worker works with and produces _______ as a product. • A knowledge worker _______ all other types of workers by a 4-to-1 margin. 9 Information Concepts: Data Versus Information • _______: raw facts – Alphanumeric, image, audio, and video • _______ – Organized collection of facts – Have value beyond the facts themselves 10 Data Versus Information Figure 1.1: Defining and Organizing Relationships Among Data Creates Information 11 Data Versus Information Figure 1.2: The Process of Transforming Data into Information 12 The Characteristics of Valuable Information • _______ • • Complete • Timely • _______ • Verifiable • Flexible • _______ _______ • Secure _______ 13 Computer-Based Information Systems Collect, manipulate, store, and process data into information 14 Business Information Systems • Most _______ types of information systems used in business organizations: – – – – – Electronic and _______commerce systems Transaction processing systems Management information systems _______ support systems Specialized business information systems 15 Systems Development • Systems development – Creating or _______ existing __________ systems • • • • • Systems investigation Systems analysis Systems design Systems implementation Systems maintenance and review 16 Organizations and Information Systems – Organization: a _______ of people and other resources established to accomplish a set of goals – An _______ is a system • Inputs: __________ (materials, people, money) • Outputs: goods or services 17 Organizations and Information Systems Figure 1.14: The Value Chain of a Manufacturing Company High Flyers 18 Technology Diffusion, Infusion, and Acceptance • Technology diffusion: _______ of widespread use of technology • Technology infusion: _______ to which technology permeates a department • Technology acceptance model (TAM): _______ factors that can lead to higher acceptance and usage of technology 19 Organizations in a Global Society • As companies rely on virtual structures and outsourcing to a greater extent, businesses can operate around the world • Challenges to operating in a global society – Every country has a set of customs, cultures, standards, politics, and laws – Language barriers – Difficulty in managing and controlling operations in different countries 20 1834 Competitive advantage Significant, long-term __________ to a company over its competition Ability to establish and __________ a competitive advantage is vital to a company’s success NFL Coaches THE FIVE FORCES MODEL – EVALUATING BUSINESS SEGMENTS • Factors That Lead Firms to Seek Competitive Advantage 22 Strategic Planning for Competitive Advantage • Change the __________ of the industry – Netflix, hp & compaq, charles scwab • Create new __________ or services – Itunes, imac, • Improve __________ products or services – Healthy & light, • Use __________ systems for strategic purposes – Sabre, NFL Coaches • See table 1.5 23 __________ __________ case Answer the following • Analyze the industry that __________ is in using the porter model, is it a good industry to be in? • What competitive advantage do you feel __________ has? How does information play into that competitive advantage 24 Performance-Based Information Systems Ella Mae • Consider both __________ advantage and costs • Use __________, return on investment (ROI), net present value, and other measures of performance Figure 1.15: Three Stages in the Business Use of Information Systems 25 Return on Investment and the Value of Information Systems • • • • Earnings growth Market __________ Customer __________ and satisfaction Total __________ of ownership 26 Careers in Information Systems Figure 1.16: The Three Primary Responsibilities of Information Systems 27