Management Information Systems has it ALL

Information System

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All types of businesses, both large and small, are using information systems, networks, and Internet technology to conduct more of their business electronically, achieving new levels of efficiency and competitiveness. Information systems have both technical and behavioral perspectives and by surveying the changes they are bringing to organizations and management.

Why Information Systems?

Today it is widely recognized that information systems knowledge is essential for managers, because most organizations need information systems to survive and prosper. Information systems can help companies extend their reach to faraway locations, offer newproducts and services, reshape jobs and work flows, and perhaps profoundly change the way they conduct business.

The Competitive Business Environment and the Emerging Digital Firm

Four powerful worldwide changes have altered the business environment. The first change is the emergence and strengthening of the global economy. The second change is the transformation of industrial economies and societies into knowledge- and information-based service economies. The third is the transformation of the business enterprise. The fourth is the emergence of the digital firm.

Transformation of the Business Enterprise

There has been a transformation in the possibilities for organizing and managing the business enterprise. Some firms have begun to take advantage of these new possibilities.

The traditional business firm was—and still is—a hierarchical, centralized, structured arrangement of specialists that typically relied on a fixed set of standard operating procedures to deliver a mass-produced product (or service). The new style of business firm is a flattened (less hierarchical), decentralized, flexible arrangement of generalists who rely on nearly instant information to deliver mass-customized products and services uniquely suited to specific markets or customers.

The traditional management group relied—and still relies—on formal plans, a rigid division of labor, and formal rules. The new manager relies on informal commitments and networks to establish goals (rather than formal planning), a flexible arrangement of teams and individuals working in task forces, and a customer orientation to achieve coordination among employees. The new manager appeals to the knowledge, learning, and decision making of individual employees to ensure proper operation of the firm. Once again, information technology makes this style of management possible.

Missoft develops the world’s leading Management Information System technolgy. Thşs technolgy enables organizations of all sizes in both the public and private sectors to take advantage of their data.

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Management Information Systems

Video Credit: Terry College,March 27, 2009/YouTube

What Is Information Technology?

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The Importance of Information Systems

         Information Systems is the back bone of today's businesses and critical part of mid-size to large businesses like banks. The massive data and increasing volumes of data needs organized storing and fast and effective processing for variety of purposes from decision making to risk management, from transaction processing to state-the art products. The large-scale businesses are globally distributed across the world which needs stable and reliable infrastructure and network administration and the applications which can run and handle simultaneous, real time and fast processing. The availability of technology has enabled the businesses to offer variety of services which has made Information Technology as part of the businesses today. What seems to be a simple online banking transaction for instance, involves web-based programs which run on a one platform and access the data in another platform like mainframe and tho make there should be network communication and systems which can communicate to each other, available 24 by 7. The more businesses grow the more dependent they become of Information Systems.

          Information Systems are the foundation for conducting business today. In many industries, survival and even existence without extensive use of IT is inconceivable, and IT plays a critical role in increasing productivity. Although information technology has become more of a commodity, when coupled with complementary changes in organization and management, it can provide the foundation for new products, services, and ways of conducting business that 

provide firms with a strategic advantage.

          An understanding of the effective and responsible use and  management of information systems and technologies is important for managers, business professionals, and otherknowledge workers in today’s internetworked enterprises.Information systems play a vital role in the e-businessand e-commerce operations, enterprise collaboration and management, and strategic success of businesses thatmust operate in an internetworked global environment.Thus, the field of information systems has become a majorfunctional area of business administration.

        Until recently, information itself was not considered an important asset for the firm in developing countries whereas the management process was considered a face-to-face, personal art and not a global communication process. Today, however, it is understood that Information Systems are essential for managers because most organizations need it to survive and grow. Moreover, the vitality of Information Systems is greatly emphasized in most developing countries like India. Thus, many developing nations have been embarking on medium and large-scale Business Information Systems and computerization projects to leverage their developmental processses.

   


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First-Time Blogger

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