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Understanding Technology's Role in Maximizing Information Use - Prof. Christopher S. Tolli, Study notes of Introduction to Business Management

An introduction to management information systems (mis), explaining the concept of mis, its focus on people's interaction with technology, and its role in helping organizations understand competition, customers, business partners, and their own operations. The document also covers trends in today's economic environment, including electronic commerce, telecommuting, and the digital economy, as well as the dimensions and flow of information within an organization.

Typology: Study notes

Pre 2010

Uploaded on 08/07/2009

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Introduction to MIS
August 28 – September 1
What is MIS?
oIn the past, most workers were dedicated to physically producing products.
Today, the overwhelming majority of employees are knowledge workers. A
knowledge worker is a person that works with and produces information (p. 4).
oManagement information systems (MIS) is the planning, development,
management, and use of information technology tools to help people use
information more effectively (p. 4).
oThe sole focus of MIS is not technology. Instead, MIS focuses on how people
interact with technology in order to maximize the effectiveness of information (p.
5).
oExamples of ways MIS can help your organization:
Know and understand your competition.
Know your customers and provide them better service.
Work closely with business partners, particularly suppliers.
Know your organization better.
Trends in Today’s Economic Environment :
oSeveral terms have emerged to describe trends in today’s changing economic
environment.
oElectronic commerce is commerce made quicker and better by information
technology, particularly the Internet.
oTelecommuting is the use of communications technology (such as the Internet,
cell phones, etc.) to work in a place other than a central location (p. 5).
oThe now economy is characterized by the immediate access customers have to the
ordering of products and services.
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Download Understanding Technology's Role in Maximizing Information Use - Prof. Christopher S. Tolli and more Study notes Introduction to Business Management in PDF only on Docsity!

Introduction to MIS August 28 – September 1  What is MIS?

o In the past, most workers were dedicated to physically producing products.

Today, the overwhelming majority of employees are knowledge workers. A knowledge worker is a person that works with and produces information (p. 4).

o Management information systems (MIS) is the planning, development,

management, and use of information technology tools to help people use information more effectively (p. 4). o The sole focus of MIS is not technology. Instead, MIS focuses on how people interact with technology in order to maximize the effectiveness of information (p. 5).

o Examples of ways MIS can help your organization:

 Know and understand your competition.  Know your customers and provide them better service.  Work closely with business partners, particularly suppliers.  Know your organization better.

 Trends in Today’s Economic Environment:

o Several terms have emerged to describe trends in today’s changing economic environment.

o Electronic commerce is commerce made quicker and better by information

technology, particularly the Internet.

o Telecommuting is the use of communications technology (such as the Internet,

cell phones, etc.) to work in a place other than a central location (p. 5).

o The now economy is characterized by the immediate access customers have to the

ordering of products and services.

o Mobile commerce (a.k.a. M-commerce) is a type of e-commerce in which the

customer uses a wireless device such as a cell phone or personal digital assistant (p. 18).

o A global economy is one in which businesses separate without regard to physical

and geographical boundaries. A transnational firm produces and sells products and services in countries all over the world.

o In the digital economy , information will be moved electronically. In other words,

this economy will be “paperless”.

 Data and Information:

o Data are facts that describe something. Information is data that has a particular

meaning (p. 6).

o Three dimensions of information:

 Time dimension (p. 6):

 Is the information available when you need it? In other words, is it timely?  Does the information describe the appropriate time period?

 Location dimension (p. 7):

 Do you have access to information no matter where you are (home, airplane, hotel, etc.)?

 Form dimension (p. 8):

 Do you have information that is usable and understandable by you?  Is the information accurate?