Chapter 1 THE INFORMATION AGE IN WHICH YOU LIVE Changing the Face of Business Back Next M A P 1-1 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Overview Chapter 1 Today’s Economic Environment Information MIS People Roles and Goals of IT Information Technology Back Next M A P 1-2 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Introduction Today we live in an Information age Where knowledge is power. Businesses are using information to gain and sustain a competitive advantage. Back Next M A P 1-3 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Introduction Continued Once you finish you program, you will enter the marketplace as a knowledge worker. Knowledge worker works with and produces information as a product. A knowledge worker outnumbers all other types of workers by a 4-to-1 margin. Back Next M A P 1-4 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Introduction Continued Where does MIS fit in today's’ information age and why is it so important? Because it deals with the coordination and use of 3 important organizational resources: Information Information Technology and People Back Next M A P 1-5 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Introduction Continued As a Formal Definition: Management information systems (MIS) deals with the planning for, development, management, and use of information technology tools to help people perform all tasks related to information processing and management. Back Next M A P 1-6 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Chapter 1 Today’s Economic Environment Information MIS People Roles and Goals of IT Information Technology For a business to be successful today, it has to understand and operate in dynamic, fast-paced and changing economic environment. Back Next M A P 1-7 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment To be a successful business in today’s economic environment, you must: Know your competition Competitive Intelligence. Know your customers using tools such as Customer Relationship Management, CRM. Work closely with your business partners through Supply Chain Management, SCM. Know your organization inside and out. Back Next M A P 1-8 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment What does today’s economic environment entail? The E.Conomy The “Now” Economy The Global Economy The Arriving Digital Economy Back Next M A P 1-9 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The E.conomy eCommerce Telecommuting • • Distance Learning Telephone service representative working from home Virtual Workplace Work anytime anyplace. Back Next M A P 1-10 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The E.conomy Electronic commerce – is commerce, but it is commerce accelerated and enhanced by information technology. Telecommuting – the use of communications technologies to work in a place other than a central location. Virtual Workplace – a technology-enabled workplace. No boundaries. Back Next M A P 1-11 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The E.conomy Figure 1.1 Telecommuting – Canadian Statistics page 6 Back Next M A P 1-12 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The “Now” Economy Characterized by the immediate access customers have to the ordering of products and services. An ATM is an example of a product in the “now” economy. Back Next M A P 1-13 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The “Now” Economy M-commerce – electronic commerce conducted over a wireless device such as a cell phone or personal digital assistant. Team Work I Want It! (p.8) Back Next M A P 1-14 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The “Now” Economy M-commerce gives you the ability to: Team Work Buy and sell stocks Bid on auctions Obtain up-to-the-minute weather forecasts. I Want It! (p.8) Back Next M A P 1-15 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The Global Economy Global economy – one in which customers, businesses, suppliers, distributors, and manufacturers all operate without regard to physical and geographical boundaries. Transnational firms – produce and sell products and services in countries all over the world. Back Next M A P 1-16 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The Global Economy Figure 1.2 Total Import and Export Figures, 1998 to 2000 (millions of Canadian dollars) page 9 Back Next M A P 1-17 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Today’s Economic Environment The Arriving Digital Economy Digital economy – marked by the electronic movement of all types of information including physiological information such as: Voice recognition Speech synthesization Biometrics Holograms Back Next M A P 1-18 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Information as a Key Resource Chapter 1 Today’s Economic Environment Information MIS People Roles and Goals of IT Information Technology 1. Information is one of the three components of MIS. 2. Information leads to knowledge and knowledge is power. 3. Knowledge comes from having timely access to information and knowing what to do with it. Back Next M A P 1-19 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology There are three aspects to information: 1. 2. 3. In order to work with information, you need to understand it, and to do so you need to understand data. Data V.S. Information. As a knowledge worker you work with and produce information hence you should consider the personal dimensions of information. As an organization (yours or someone else's’) you also need to consider the organization’s dimensions of information. Back Next M A P 1-20 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Data Versus Information Data are raw facts that describe a particular phenomenon. Some data could be temperature, name, age, or price of a movie rental. If you are trying to decide what to wear, the price of a movie rental would not help you in your decision but the temperature will. Back Next M A P 1-21 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Data Versus Information Therefore Information are data that have a particular meaning within a specific context. Information could also be a group of data that are related to each other such a name, age, gender and address to give the student’s personal information during registration. Back Next M A P 1-22 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Personal Dimensions of Information The personal dimensions of information are important since you are the knowledge worker who works with and produces information. The three personal dimensions of information include: Time Location Form Back Next M A P 1-23 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Personal Dimensions of Information Figure 1.3 Personal Dimensions of Information page 10 Back Next M A P 1-24 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Personal Dimensions of Information Time dimension Having access to information when you need it. Having the correct information that describes the specific time period of interest. Back Next M A P 1-25 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Personal Dimensions of Information Location dimension Having access to information no matter where you are including: • • • • • Airplane Hotel room Home Student center at university At work Back Next M A P 1-26 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Personal Dimensions of Information Form dimension Having information in a form most useable and understandable to you. It is about accuracy. Having information that is free of errors. Back Next M A P 1-27 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information For your own business or while working in a company, you need to consider the various organizational dimensions of information, including: Information flows Information granularity and What information describes. Back Next M A P 1-28 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Information Flows Information in an organization flows in four basic directions: Up Down Horizontally and Outward (See figure 1.4) Back Next M A P 1-29 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Information Flows In relation to the pyramid in figure 1.4 TOP: Strategic management provides overall direction and guidance. THE SECOND LEVEL: Tactical management develops the goals and strategies. Back Next M A P 1-30 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Information Flows In relation to the pyramid in figure 1.4 THE THIRD LEVEL: Operational management manages and directs the day-to-day operations. FINAL LEVEL: Non-management employees perform daily activities. Back Next M A P 1-31 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Figure 1.4 An Organization, Its Information Flows, and Information Granularity page 12 Back Next M A P 1-32 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information The four flows of information include: Upward – describes the current state of the organization based on its daily transactions. Downward – consists of the strategies, goals, and directives that originate at one level and are passed to lower levels. Back Next M A P 1-33 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Information flows continued Horizontal – between functional business units and work teams. Outward – information that is communicated to customers, suppliers, distributors, and other partners for the purpose of doing business. Back Next M A P 1-34 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Granularity Information granularity – refers to the extent of detail within the information. Back Next M A P 1-35 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information Granularity At the top of the pyramid information is highly aggregated and summarized. The information is coarse and granular. At the bottom of the pyramid, the information is ‘raw’ and highly detailed. The information is of fine granularity. Back Next M A P 1-36 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Organizational Dimensions of Information What information describes What the information describes can include: Internal information – specific operational aspects of the organization. External information – the environment surrounding the organization. Objective information – something that is known. Subjective information – something that is unknown. Back Next M A P 1-37 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved People as a Key Resource Chapter 1 Today’s Economic Environment MIS Information People 1. 2. 3. 4. 5. People Set goals Carry out tasks Make decisions Serve customer Provide a stable and reliable technology environment. Roles and Goals of IT Information Technology When it comes to you (the people) there are two important issues to be aware of: 1. Information and technology literacy. 2. You ethical responsibilities. Back Next M A P 1-38 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Information and Technology Literacy The single most important resource in any organization is its people. To be more precise, the most valuable asset to the organization is your mind. Back Next M A P 1-39 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Information and Technology Literacy A Technology-literate knowledge worker is a person who knows how and when to apply technology. HOW is knowing what technology to buy and how to exploit it benefits. When is knowing the right time to apply technology. Back Next M A P 1-40 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Information and Technology Literacy Information-literate knowledge workers: Define what information they need. Know how and where to obtain information. Understand the information. Act appropriately based on the information to help the organization achieve the greatest advantage. Back Next M A P 1-41 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities Ethics – the principals and standards that guide our behavior toward other people. Ethics are different from laws as they are a matter of personal interpretation. Ethics have a right and wrong outcome according to different people. Back Next M A P 1-42 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities Consider: Copying software you purchased, making copies for your friends and charging them for the copies. Making extra backup copies. Giving out the phone numbers of your friends and relatives without their permission to a provider of some sort. Back Next M A P 1-43 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities Which ones are ethical / legal or not? Back Next M A P 1-44 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities Consider: Copying software you purchased, making copies for your friends and charging them for the copies. This is not ethical nor legal. Making extra backup copies. It is ethical but only legal to make one backup copy. Giving out the phone numbers of your friends and relatives without their permission to a provider of some sort. Not ethical. Back Next M A P 1-45 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities What about Hackers – very knowledgeable computer user who uses his or her knowledge to invade other people’s computers. Figure 1.5 Acting Ethically and Legally page 16 Back Next M A P 1-46 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Your Ethical Responsibilities On Your Own E-Mail: Electronic Mail or Expensive Mail? (p. 17) Back Next M A P 1-47 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved IT as a Key Resource Chapter 1 Today’s Economic Environment Information MIS People Roles and Goals of IT Information Technology Information Technology is any computer-based tool that people use to work with information and support the information and information processing needs of an organization. Back Next M A P 1-48 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Information technology any computer-based tool that people use to work with information and support the information and information-processing needs of an organization Back Next M A P 1-49 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology There are two basic categories of technology: Hardware – physical devices that make up a computer. Software – set of instructions that the hardware executes to carry out a specific task. Back Next M A P 1-50 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories On Your Own Hardware categories Input devices Output devices Storage devices Central processing unit Random access memory Telecommunications devices Connecting devices Identifying Hardware And Software (p. 21) Back Next M A P 1-51 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Input devices • • • • • • Keyboard Mouse Touch screen Game controller Barcode reader Scanner Back Next M A P 1-52 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Output devices • Printer • • • Dot matrix Inkjet / Bubble jet Laser jet Monitor Speakers Video Back Next M A P 1-53 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Storage devices • Primary storage • Random Access Memory Read Only Memory Secondary Storage Hard Drive DVD Floppy Disk Tape backup Zip drive Back Next M A P 1-54 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Central processing unit • • Pentium 4 AMD Athlon XP Thunderbird Back Next M A P 1-55 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Random access memory • • SD RAM DD RAM Back Next M A P 1-56 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Telecommunications devices • • • • • Telephone modem DSL modem Cable modem Microwave Satellite Back Next M A P 1-57 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Connecting devices • • • • • Printer cable Parallel port Serial port USB port Infrared Back Next M A P 1-58 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Software categories Application software Operating system software Utility software (See Figure 1.6 on page 19 for a complete overview of software categories.) Back Next M A P 1-59 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Software categories Application software • • • • • • Word processing Payroll software Spreadsheet software Inventory management software Graphics Database management systems Back Next M A P 1-60 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Software categories Operating system software • • • • • • Windows XP Windows 2000 Windows Me Mac OS Linux Unix Back Next M A P 1-61 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Key Technology Categories Software categories Utility software • • • • Antivirus Screen saver Disk optimization Uninstaller Back Next M A P 1-62 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Decentralized Computing and Shared Information Figure 1.7 Decentralized Computing and Shared Information page 21 Back Next M A P 1-63 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved MIS Information People Information Technology Decentralized Computing and Shared Information Decentralized computing – environment in which an organization splits computing power and locates it in functional business areas and on knowledge workers’ desktops. Shared information – environment in which an organization’s information is organized in one central location. Back Next M A P 1-64 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of Information Technology Chapter 1 Today’s Economic Environment Information Roles and Goals of IT MIS People Information Technology Roles and Goals of IT relates to the reasons you with to buy, create, implement, use, and integrate IT into your business strategy. Back Next M A P 1-65 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 1. 2. 3. 4. 5. 6. Increase employee productivity Enhance decision making Improve team collaboration Create business partnerships and alliances Enable global reach Facilitate organizational transformation Back Next M A P 1-66 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 1 - Increase Employee Productivity Online transaction processing (OLTP) – the gathering of input information, processing that information, and updating existing information to reflect the gathered and processed information. Back Next M A P 1-67 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 1 - Increase Employee Productivity Transaction processing system (TPS) – processes transactions that occur within an organization. Customer-integrated system (CIS) – An extension of a TPS that places technology in the hands of an organization’s customers and allows them to process their own transactions. Back Next M A P 1-68 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 1 - Increase Employee Productivity Figure 1.9 Transaction Processing and Customer-Integrated Systems page 24 Back Next M A P 1-69 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 2 - Enhance Decision Making Online analytical processing (OLAP) – the manipulation of information to support decision making. Artificial intelligence – the science of making machines imitate human thinking and behavior. Neural network – an artificial intelligence that is capable of finding and differentiating patterns. Back Next M A P 1-70 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 2 - Enhance Decision Making Executive information system (EIS) – a highly interactive IT system that allows you to first view highly summarized information and then choose how you would like to see greater detail, which may alert you to potential problems or opportunities. Back Next M A P 1-71 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 2 - Enhance Decision Making Figure 1.10 Drilling Down with an Executive Information System page 25 Back Next M A P 1-72 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 3 - Improve Team Collaboration Collaboration system – designed specifically to improve the performance of teams by supporting the sharing and flow of information. Groupware – software components that supports the collaborative efforts of a team. Back Next M A P 1-73 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 3 - Improve Team Collaboration Groupware contains support for: Team dynamics Document management • Group document database – acts as a powerful storage facility for organizing and managing all documents related to specific teams. Applications development Back Next M A P 1-74 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 4 - Create Business Partnerships and Alliances Team Work Interorganizational system (IOS) – automates the flow of information between organizations to support the planning, design, development, production, and delivery of products and services. Finding Business Partners and Alliances on The Web (p. 27) Back Next M A P 1-75 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 4 - Create Business Partnerships and Alliances Electronic data interchange (EDI) – the direct computer-to-computer transfer of transaction information contained in standard business documents, such as invoices and purchase orders, in a standard format. Back Next M A P 1-76 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 5 - Enable Global Reach Business today is global business. Culture – the collective personality of a nation or society, encompassing language, traditions, currency, religion, history, music, and acceptable behavior, among other things. Back Next M A P 1-77 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Roles and Goals of IT 6 - Facilitate Organizational Transformation Organizational transformation is necessary to respond to the ever-changing needs (and wants) of today’s marketplace. Blockbuster now provides movies on a pay-per-view rental basis through cable. Back Next M A P 1-78 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Closing Case Study One You and Your Information Information travels with you and is captured and stored by a number of organizations. Trust and accuracy of information is important. Do you trust organizations to maintain accurate information about you? Back Next M A P 1-79 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Closing Case Study Two How Much of Your Personal Information Do You Want Businesses to Know? Businesses need information about you to provide the best possible products and services. How much of your information do you want others to be able to access? Back Next M A P 1-80 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Summary Student Learning Outcomes 1. 2. 3. 4. Describe the information age and the role of knowledge workers within it. Define management information systems (MIS). Describe key factors shaping today’s economic environment. Validate information as a key resource and describe both personal and organizational dimensions of information. Back Next M A P 1-81 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Summary Student Learning Outcomes 5. 6. 7. Define how people are the most important organizational resource, their information and technology literacy challenges, and their ethical responsibilities. Describe the important characteristics of information technology (IT) as a key organizational resource. List and describe the six roles and goals of information technology in any organization. Back Next M A P 1-82 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Summary Assignments & Exercises 1. 2. 3. 4. 5. 6. Surveying the global economy Finding trust in truste Reporting on internet statistics by business sector Learning about an MIS major Reviewing the 100 best companies to work for Redefining business operations through it innovation Back Next M A P 1-83 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved Visit the Web to Learn More www.mcgrawhill.ca/college/haag Job databases Electronic resumes Searching newspapers for job ads Locating internships Interviewing and negotiating tips Organization sites and job postings Employment opportunities with the government Back Next M A P 1-84 Management Information Systems for the Information Age Second Canadian Edition Copyright 2004 The McGraw-Hill Companies, Inc. All rights reserved