The Critical Role of Information Systems
Today’s information systems are both technical and social in nature. Management must understand the importance of information within the organization. It is management’s job to understand how information is collected, processed, and distributed. We are all extremely affected by information systems and must be willing to understand and work with them. Our global economy does not allow us to depend on face to face transactions like in the 1980’s. Today, few managers can ignore the importance and impact of how information is handled by their organization. Information systems play a critical role in today’s business organization and society (Laudon 5).
Since the emergence of the global economy, the success of firms today and in the future depends on their ability to operate globally. The American economy depends on imports and exports. Foreign trade, both imports and exports accounts for a little over 25 percent of goods and services produced in the United States, and even more in countries like Japan and Germany. This percentage is currently and will continue to grow in the future (5).
Globalization of the world’s industrial economies greatly enhances the value of information to the firm and offers new opportunities to businesses. Today, information systems provide the communication and analytic power that firms need to conduct trades and manage businesses on a global scale. Globalization and information technology also brings new threats to domestic business firms. This is brought on by the customer’s ability to shop in a worldwide marketplace, obtaining the price and quality information reliably, 24 hours a day. The worldwide market place brings competition to a higher level than ever before, forcing all businesses to play a part in this global economy. In order to become a profitable player in a worldwide market firms, need powerful information and communication systems (5).
Many countries are experiencing the third economic revolution. These countries include the United States, Japan, Germany and other major industrial powers. This revolution, which is now in progress, is transforming itself into a knowledge and information based service economy. This revolution began at the turn of the century and by 1976 the number of white-collar workers employed in o...
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...ws them to replenish inventory very fast, Wal-Mart does not spend as much money on stock pilling inventory as its competitors. Wal-Mart only spends 15 percent of sales in overhead while Sears spends 30 percent and Kmart spends 21 percent. Again, this is only possible because of the use of information systems.
As you can see information systems are far more than just input, process, and output machines. Managers and society must understand that these systems provide solutions to business challenges and must be willing to change with the new technology. Information systems can help in the day to day task at work and at home. We no longer have to depend on only one firm or corporation to buy material we need. We can shop the global market 24 hours a day to find the best price and quality. With the increased global competition, companies will have to use information systems in order to survive in today’s market place.
Work Cited
Laudon, Kenneth C., and Jane P. Laudon. Management Information Systems.
New Jersey: Prentice-Hall Inc., 1996
Removing the Warehouse from Cost-Conscious Hospitals. New York: Times, 1991
Wilson, Linda. “Stand and Deliver.” Information Week April. 1992
MidSouth Chamber of Commerce is an organization that rely heavily on their information systems. Lassiter, Hedges and Kovecki who has no information technology background were taken into computing operations. Introducing a new system is not an easy task until an organization has senior IT professionals and backup plans. In the end, it was the lack of proper management and lacked intimate knowledge of information systems made them depend on outside persons to make decisions that caused all these problems.
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Turning to the issues related to information handling, the definition of the information management should be mentioned. According to Hinton’s perspective (2006, p.57) the information management is “the conscious process of gathering information”. A brief overview of the presumable information sources in a high-technology company can help to outline the situation. T...
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Global expansion has developed a tactical imperative for nearly all large organizations. With this, marketing managers have a great deal on their hands in developing, monitoring and changing these strategies. Becoming international is an important factor in assisting organizations in becoming globally competitive. Strategic imperatives have helped in the development of globalization. Organizations can no longer stand still while their competitors grow stronger. This causes organizations to seek out new markets. Survival is a key indicator for an organization to enter into a global market place. What would our nation do without globalization and international trade? Below is a list of how international trade assists our nation’s economy according to Ellis (n.d.):
This project gives an insight of the company’s Information technology and information systems, their impact on the market and on the company. It also explains the problem faced by the company before implementation of any of the solutions. And then explains the IT solution adopted by the company. It is followed by the results and consequences of the implementation of the program.
Globalisation has had a significant impact on the way companies do business in recent years. It has created an economic environment that has become more connected and competitive. Through the use of internet and technology, distance and time between countries has been reduced significantly thanks to more efficient logistics and transportation and better networking between organisations. It is now easier than ever for companies to purchase products from different parts of the world and manage those supply chains, especially as many of the links in these chains can be automated. Without the Internet, continued communication and coordination amongst these worldwide suppliers would be more difficult.
Asemi observe that Management Information System (MIS) is one of the information systems that is computer based. Besides, Asemi defines MIS as “an organizational method of providing past, present and project information related to internal operations and external intelligences. It supports the planning, control and operation functions of an organization by furnishing uniform information in the proper time frame to assist the decision makers,” (2011). The aim of MIS is to satisfy the general information need of the entire manager in an organization. Before the advent of computers, the process of decision-making was one that was full of built-in advantages and ad hoc methods. Computers technologies have changed the landscape of the decision-making process completely by making the process less demanding and easy to undertake. The reason for this situation is that information technology has made access to information more automated, efficient, effective, timely, and less ambiguous. Consequently, the ordinary t...
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Palvia P., Palvia S. & E. Roche (1996) Global Information Technology and Systems Management. Ivy League Publishing