BUSI 240 Introduction to Information Systems Tuesday & Thursday 8:05am – 9:30am Wyant Lecture Hall Please initial the roster on the back table. The course syllabus is available at: http://home.apu.edu/~jbirch/BUSI240 Or http://online.apu.edu Chapter 1 Foundations of Information Systems in Business Why should you study information systems? How does a firm use information systems? What are the components of an information system? McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Why study Information Systems and Information Technology? Vital component of successful businesses Helps businesses expand and compete Businesses use IS and IT To improve efficiency and effectiveness of business processes For managerial decision making For workgroup collaboration 1-3 What is a system? A system Is a set of interrelated components With a clearly defined boundary Working together to achieve a common set of objectives 1-4 Information System INPUT 1-5 PROCESS OUTPUT Basic Information System TIMECARD 1-6 PAYROLL PAYCHECK What is an Information System? An organized combination of People Hardware Software Communications networks Data resources Policies and procedures That stores, retrieves, transforms, and disseminates information in an organization 1-7 Information System (IS) versus Information Technology (IT) IS is all the components and resources necessary to deliver information and functions to the organization IT is hardware, software, networking and data management In theory, IS could be paper based But we will focus on Computer-Based Information Systems (CBIS) 1-8 IS Knowledge Framework for Business Professionals 1-9 What should a Business Professional know about IS? Foundation Concepts: fundamental behavioral, technical, business and managerial concepts Information Technology: Hardware, software, networks, data management and Internet-based technology Business Applications: Major uses of the IS in the organization Development Processes: How to plan, develop and implement IS to meet business opportunities Management Challenges: The challenges of effectively and ethically managing IT 1-10 What does IS do for a business? 1-11 Business Applications expanding role over time 1-12 What is E-business? The use of Internet technologies to work and empower business processes, electronic commerce, and enterprise collaboration within a company and with its customers, suppliers, and other business stakeholders. An 1-13 online exchange of value. How e-business is being used 1-14 E-business use Reengineer internal business processes Enterprise collaboration systems: support communications, coordination and collaboration among teams and work groups, e.g., virtual teams Electronic commerce: buying, selling, marketing and servicing of products and services over computer networks 1-15 Types of IS 1-16 Operations support systems What are they? Efficiently process business transactions Control industrial processes Support communications and collaboration Update corporate databases 1-17 Types of Operations Support Systems Transaction Processing Systems Record and process data from business transactions Examples: sales processing, inventory systems, accounting systems Process Control Systems Monitor and control physical processes Example: in a petroleum refinery use sensors to monitor chemical processes Enterprise Collaboration Systems Enhance team and work group communications Examples: e-mail, videoconferencing 1-18 Two ways to process transactions Batch Processing: Accumulate transactions over time and process periodically Example: a bank processes all checks received in a batch at night Online Processing: Process transactions immediately Example: a bank processes an ATM withdrawal immediately 1-19 Management Support Systems What are they? Provide information and support for effective decision making by managers 1-20 Types of Management Support Systems Management Information Systems (MIS) Provide reports and displays to managers Example: daily sales analysis reports Decision Support Systems (DSS) Provide interactive ad hoc support for decision making Example: A what-if-analysis to determine where to spend advertising dollars Executive Provide Information Systems (EIS) critical information for executives and managers Example: easy access to actions of competitors 1-21 Operational or Management Systems Expert Systems Provide expert advice Example: credit application advisor Knowledge Support Management Systems creation, organization and dissemination of business knowledge throughout company Example: Intranet access to best business practices 1-22 Classifications of IS by scope 1-23 Functional business systems Focus on operational and managerial applications of basic business functions Examples: support accounting, finance or marketing Strategic information systems Help get a strategic advantage over its customers Examples: shipment tracking, e-commerce web systems Cross-functional information systems Systems that are combinations of several types of information systems Provide support for many functions Challenges and Opportunities of IT 1-24 Measuring success of an IS Efficiency Minimize cost, time and use of information resources Effectiveness Support business strategies Enable business processes Enhance organizational structure and culture Increase the customer and business value What’s the difference between Efficiency and Effectiveness? 1-25 Developing IS Solutions 1-26 What is a system? A system Is a set of interrelated components With a clearly defined boundary Working together to achieve a common set of objectives By accepting inputs and producing outputs in an organized transformation process 1-27 Systems have three basic functions: 1-28 Input involves capturing and assembling elements that enter the system to be processed Processing involves transformation process that convert input into output Output involves transferring elements that have been produced by the transformation process to their ultimate destination Cybernetic system All systems have input, processing and output A cybernetic system, a self-monitoring, selfregulating system, adds feedback and control: Feedback is data about the performance of a system Control involves monitoring and evaluating feedback to determine whether a system is moving towards the achievement of its goal 1-29 A Cybernetic system 1-30 A business as a system 1-31 Information systems model 1-32 Components of an IS People End users: the people who use the IS or the information from the IS IS specialists: the people who develop and operate IS Hardware Resources All physical devices used in information processing Machines, data media, peripherals Software All Resources information processing instructions including programs and procedures System software, application software and procedures 1-33 Components of an IS (cont.) Data Resources Facts about the business transactions Processed and organized information Databases of organized data Network Resources Communications media Network infrastructure: hardware and software The Internet, intranets and extranets 1-34 Data versus Information Data are raw facts about physical phenomena or business transactions Information is data that has been converted into meaningful and useful context for end users Example: Sales data is names, quantities and dollar amounts Sales information is amount of sales by product type, sales territory or salesperson 1-35 IS Activities Input of data resources Data entry activities Processing E.g., of data into information calculate, compare, sort, classify, summarize Output of information products Messages, Storage Data reports, forms and graphic images of data resources elements and databases Control of system performance Monitoring 1-36 and evaluating feedback Recognizing IS As a business professional, you should be able to look at an IS and identify The people, hardware, software, data and network resources they use The type of information products they produce The way they perform input, processing, output, storage and control activities 1-37 IT Careers Outsourcing of basic programming to India, the Middle-East and Asia-Pacific countries Strong employment opportunities in other areas in IS Shortage of qualified IS personnel Long-term job outlook positive and exciting 1-38 Career Opportunities in IS 1-39 Job growth Among the fastest growing occupations through 2012 Systems Analyst, Database administrators, Other managerial-level positions Network specialists Information security 1-40 IS Function represents Major functional area of business Important contributor to operational efficiency, employee productivity, morale, customer service and satisfaction Major source of information and support for effective decision making Vital ingredient in developing competitive products and services in the global marketplace Dynamic and challenging career opportunity Key component of today’s networked business 1-41 Ethical challenges of IT applications 1-42 Ethical responsibilities What uses of IT might be considered improper or harmful to other individuals or society? What is the proper business use of the Internet or a company’s IT resources? How can you protect yourself from computer crime? 1-43 Strategic IT Technology is no longer an afterthought in forming business strategy, but the actual cause and driver. IT can change the way businesses compete. A strategic information system is Any kind of information system That uses IT to help an organization 2-44 Gain a competitive advantage Reduce a competitive disadvantage Or meet other strategic enterprise objectives Competitive Forces and Strategies 2-45 Competitive Forces If a business wants to succeed must develop strategies to counter these forces: Rivalry of competitors within its industry Threat of new entrants into an industry and its markets Threat posed by substitute products which might capture market share Bargaining power of customers Bargaining power of suppliers 2-46 Five Competitive Strategies Cost Leadership Become low-cost producers Help suppliers or customers reduce costs Increase cost to competitors Example, Priceline uses online seller bidding so buyer sets the price Differentiation Develop Strategy ways to differentiate a firm’s products from its competitors Can focus on particular segment or niche of market Example, Moen uses online customer design 2-47 Competitive Strategies (cont.) Innovation Strategy Find new ways of doing business Unique products or services Or unique markets Radical changes to business processes to alter the fundamental structure of an industry Example, Amazon uses online full-service customer systems Growth Strategy Expand company’s capacity to produce Expand into global markets Diversify into new products or services Example, Wal-Mart uses merchandise ordering by global satellite tracking 2-48 Competitive strategies (cont.) Alliance Strategy Establish linkages and alliances with Customers, suppliers, competitors, consultants and other companies Includes mergers, acquisitions, joint ventures, virtual companies Example, Wal-Mart uses automatic inventory replenishment by supplier 2-49 Using these strategies The strategies are not mutually exclusive Organizations use one, some or all 2-50 Using IT for these strategies 2-51 Other competitive strategies Lock in customers and suppliers And lock out competitors Deter them from switching to competitors Build in switching costs Make customers and suppliers dependent on the use of innovative IS Barriers to entry Discourage or delay other companies from entering market Increase the technology or investment needed to enter 2-52 Other competitive strategies (cont.) Include IT components in products Makes substituting competing products more difficult Leverage investment in IT Develop IT 2-53 new products or services not possible without Customer-focused business What is the business value in being customerfocused? Keep customers loyal Anticipate their future needs Respond to customer concerns Provide top-quality customer service Focus on customer value Quality value 2-54 not price has become primary determinant of How can we provide customer value? Track individual preferences Keep up with market trends Supply products, services and information anytime, anywhere Provide customer services tailored to individual needs Use Customer Relationship Management (CRM) systems to focus on customer 2-55 Building customer value using the Internet 2-56 Value Chain View the firm as a chain of basic activities that add value to its products and services Activities are either Primary processes directly related to manufacturing or delivering products Support processes help support the day-to-day running of the firm and indirectly contribute to products or services Use the value chain to highlight where competitive strategies can best be applied to add the most value 2-57 Using IS in the value chain 2-58 Business Process Reengineering Called BPR or Reengineering Fundamental rethinking and radical redesign Of business processes To achieve improvements in cost, quality, speed and service Potential payback high Risk of failure is also high 2-59 How BPR differs from business improvement 2-60 A cross-functional process 2-61 Reengineering order management 2-62 Agility Agility is the ability of a company to prosper In a rapidly changing, continually fragmenting Global market for high-quality, high-performance, customer-configured products and services An agile company can make a profit with Broad product ranges Short model lifetimes Mass customization 2-63 Individual products in large volumes Four strategies for agility An agile company: Provides products as solutions to their customers’ individual problems Cooperates with customers, suppliers and competitors to bring products to market as quickly and cost-effectively as possible Organizes so that it thrives on change and uncertainty Leverages the impact of its people and the knowledge they possess 2-64 How IT helps a company be agile 2-65 Virtual Company A virtual company uses IT to link People, Organizations, Assets, And ideas Creates to interenterprise information systems link customers, suppliers, subcontractors and competitors 2-66 A virtual company 2-67 Strategies of virtual companies 2-68 Knowledge Creation Knowledge-creating organization Consistently creates company or learning new business knowledge Disseminates it throughout the company And builds in the new knowledge into its products and services 2-69 Two kinds of knowledge Explicit knowledge Data, documents and things written down or stored on computers Tacit knowledge The “how-to” knowledge which reside in workers’ minds A knowledge-creating company makes such tacit knowledge available to others 2-70 Knowledge issues What is the problem with organizational knowledge being tacit? Why are incentives to share this knowledge needed? 2-71 Knowledge management techniques Source: Adapted from Marc Rosenberg, e-Learning: Strategies for Delivering Knowledge in the Digital Age (New York: McGraw-Hill, 2001), p.70. 2-72 Knowledge management systems (KMS) KMS manage organizational learning and business know-how Goal: Help knowledge workers to create, organize, and make available knowledge Whenever and wherever it’s needed in an organization 2-73