Week 1: . MIS 5001: Management Information Systems David S. McGettigan Adapted from material by Arnold Kurtz, David Schuff , and Paul Weinberg. Agenda. Introductions IT Fundamentals IT History Gaining Competitive Advantage from IT Next Week. Introductions. Introductions.
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MIS 5001: Management Information Systems
David S. McGettigan
Adapted from material by Arnold Kurtz, David Schuff, and Paul Weinberg
IF SSNO <> 9 Char THEN
A set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization
Source: Laudon, K., & Laudon, J. Management Information Systems. 8/e
A combination of computers and people that is used to provide information to aid in making decisions and managing a firm
Men make history, and not the other way around. In periods where there is no leadership, society stands still. Progress occurs when courageous, skillful leaders seize the opportunity to change things for the better.
Harry S. Truman (1884 - 1972)
MIS is the “glue” that ties businesses together……and uses the technology that makes business work.
TRANSACTION PROCESSING SYSTEM (TPS)
SPEED ACCOUNTING & PAPER PROCESSING
MANAGEMENT INFORMATION SYSTEMS (MIS)
SPEED AND IMPROVE GENERAL REPORTING
DECISION SUPPORT SYSTEMS (DSS), EXECUTIVE SUPPORT SYSTEMS
IMPROVE DECISION MAKING AND CONTROL
COLLABORATIVE SYSTEMS, VISUALIZATION, KNOWLEDGE MANAGEMENT,…
CREATE KNOWLEDGE AND COMPETITIVE ADVANTAGE
1998 - ?
SURVIVAL OF THE ORGANIZATION
Transaction and coordination cost pressure
Collaborative work and teamwork
What do all of these things have in common and what does technology have to do with it?
Gaining Competitive Advantage from IT
Barriers to Entry
Additional costs of creating an information system.
Prevent others from entering the industry.
Consumers incur learning and data transfer costs
Lower Production Costs
IT to cut costs
Add new features or create new products with IT
Monitoring production lines and analyzing data
Expanding forward or back the value chain to find greater profits
Next Class:Week #2
Case Study: Google Inc.
Porter Five Forces Analysis