CHAPTER 1

1. MIS 301 CHAPTER 1 Managing the Digital Firm

2. INFORMATION SYSTEMS • Four powerful worldwide changes that • have altered the business environment: • Emergence of the Global Economy • Transformation of Industrial Economies to Knowledge and information based service economies • Transformation of the Business Enterprise • The Emerging Digital Firm

3. People Data Software Hardware Network INFORMATION SYSTEMS What is an Information System?

4. INFORMATION SYSTEMS • Data:Meaningful raw facts, text, graphics, images, sound, video segments. • Information:Data processed to be useful in the processes such as decision making.

5. Data and Information Figure 1-2 INFORMATION SYSTEMS

6. Figure 1-3 INFORMATION SYSTEMS Functions of an Information System

7. TECHNOLOGY ORGANIZATIONS INFORMATION SYSTEMS MANAGEMENT Figure 1-4 BUSINESS PERSPECTIVE Three Dimensions of Information Systems

8. BUSINESS PERSPECTIVE How to analyze a Business Information System Problem • Identify the problem: management, organizational or a technology problem • Identify Possible solutions • Required technologies to generate the solution • Possible changes to organizational processes • Required management policy to implement the solution

9. Figure 1-8 THE NEW ROLE OF IS The Widening Scope of Information Systems

10. THE NEW ROLE OF IS The Network Revolution and the Internet What you can do on the Internet • Communicate and collaborate • Access information • Participate in discussions • Supply information • Find entertainment • Exchange business transactions

11. THE DIGITAL FIRM • Electronic market: Information systems links, buyers and sellers to exchange information, products, services, payments • Electronic Commerce • Intranet • Extranet

12. THE NEW ROLE OF IS New Options for Organizational Design • Flattening organizations • Separating work from location • Reorganizing work-flows • Increasing flexibility • Redefining organizational boundaries