Read the summary and the most important questions on Management Information Systems, Global Edition | 9781292094014 | Kenneth C. Laudon; Jane P. Laudon

• 1 Organizations, management, and the Networked Enterprise

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• What are three ways that Information Systems are transforming businesses?

  1) Emerging mobile digital platform
  2) Growing business use of "Big Data"
  3) Growth in cloud computing

• What are three globalization opportunities in the field of information systems?

  1) Internet has slashed costs of operating on global scale
  2) Increases in foreign trade & outsourcing
  3) Presents both challenges and opportunities

• Information systems used to achieve six strategic business objectives:

  1. Operational excellence
  2. New products, services & business models
  3. Customer and supplier intimacy
  4. Improved decision making
  5. Competitive advantage
  6. Survival

• What are the three parts of operational excellence?

  •Efficiency improvements for more profitability.
  •Higher productivity from employees and capital investments.
  •Wal-Mart’s Retail Link system links suppliers to stores for superior replenishment system.

• What are the three dimensions of organization systems?

  1) Organizations
  2) Management
  3) Information technology

• What is managements job in an organization?

  Their job is to make sense out of the many situations faced by organizations, make decisions, and formulate action plans to solve organizational problems.

• From a business perspective; information systems are?

  a part of a series of value-adding activities for acquiring, transforming, and distributing information that managers can use to improve decision making, enhance organizational performance, and, ultimately, increase profitability.

• Sociotechnical Perspective on Information Systems

  •       Not every technology or design pattern suits every business
  
  •The challenge is assessing what is available and choosing the best fit for the needs of the organisation

• 2 Global E-business and collaboration

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• Name the four new processes enabled by Information technology:

  1) change flow of information
  2) replace sequential steps with parallel steps
  3) eliminate delays in decision making
  4) support new business models

• Payroll Transaction Processing System (TPS); 

  Keeps track of the elementary activities and transactions of the organization, such as sales, receipts, cash deposits, payroll, credit decisions, and the flow of materials in a factory.