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Impact of information technology on an individual and business organization
Impact of information technology in business
Impact of information technology in business
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Modern organizations use a variety of resources to fulfill their objectives regardless if the company is a multinational or small entity, they all have a set of resources they depend on to achieve their goals. Part of the resource relied on is Information, and this information needs to be managed to optimize its value to produce the best stakeholder value they can. In order to manage these resources, Information Management systems are put in place.
Information Management has to do with capturing information, efficient planning, organizing and evaluating the information to interpret for an organization to make well informed decisions. (Hinton, 2006) The main reason organizations depend on information is to improve its overall management in order to yield significant operational benefits in all areas of the organization and importantly its overall efficiency, competitiveness and responsiveness. The improvements either need expansion in the amount of information required or implementing a new information management system.(Power, 1983) The information management system is effective in organizations when the activities are shared amongst various groups, preparing them for change in the information system by identifying problems and evaluating it and gradually integrating actions in the project for successful implementation. (Bass, 1983), (Mintzberg, Rasinghami and Theoret 1976). Most organizations believe Information Technology and Information Management is the same but according to Hinton (2006), while Information Technology is an important role in an organization. Information Management is broader it helps the organization to build, maintain and re-build its business processes and information system.
A Case Study of Campbell Soup Ha...
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...priately for the smooth running of an organization.
Works Cited
1. Bass, B.M. (1983). Organizational Decision Making. Inc Homewood, Illinois.
2. Hinton, M. (2006). Introducing Information Management: The business approach. Oxford: Elsevier Butterworth- Heinemann.
3. Mintzberg, H. Rasinghami, D. & Thoret, A. (1976). The Structure Of Unstructured Decision Processes. Administrative Science Quarterly, Vol 21 (2), pp 246-275.
4. Power, D.J. (1983). The Impact Of Information Management On The Organization : Two Scenarios. MIS Quarterly, Vol 7 (3) pp 13-20, http://www.jstor.org/stable/249053.
5. Ross, J.W & Beath, C.M. (2008). Campbell Soup Company: Harmonizing processes and Empowering Workers. MIT Sloan Research Paper No. 4931-11. Available at http://ssrn.com/abstract=1881723.
6. Strassman, P. (1995). The Politics Of Information Management. Information Economic Press.
This article from the Harvard Business Review was an intriguing piece on how an established organization has to change their mindset in order to change their organization. Campbell Soup Company has been a heavyweight in the food industry for over 145 years. The article portrays how Campbell Soup began to fall behind its competitors and needed to change. They did this in two very important ways. Decision making and courage were the two aspects of the company that they changed in order to grow within their industry.
Companies say they empower their employees and communities to do more or be better. What does that truly mean? According to The World Bank (2015), “Empowerment is the process of increasing the capacity of individuals or groups to make choices and to transform those choices into desired actions and outcomes” (para 1). Lowe’s introduced a program in 2014 to develop its women leaders, pairing vice presidents with women store managers to develop and expand Lowe’s leadership team. In 2015, the company will leverage the program with a new group of store managers and launch a new mentoring program to pair women and minority store managers with market directors
Saunders, C. S., & Pearlson, K. E. (2009). Managing and Using Information Systems. John Wiley&Sons, Incorporated.
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...
In the business world today, technology is becoming an essential staple. Every big business relies on it one way or another. More importantly than just technology itself, the use of management information systems is what guides a company in terms of catering to its customers and knowing what moves to make next. Management information systems (MIS) can be defined is the study of people, technology, and organizations (What is MIS?). However, that is a very general definition because there is a lot more that comes out of the use of these MIS systems.
Regarding the information management, there is little information flow within the region as group companies are located in different countries. Besides, each group company has developed its own information system so it is hard to communicate and share information among them. There is almost no systematic information within the regional company due to the lack of computer support.
Austin, C. & Hornberger, K. (2000). Managing information resources: A study of ten healthcare organizations. Journal of Healthcare Management, 45(4), 229-240. Retrieved October 27, 2006 from Ebscohost Database.
With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of Knowledge Management methods, companies can achieve a competitive advantage through managing the immense amount of information available (Balanced Scorecard Institute, 2002).
N.A. Leadership. expertise.com. Current and Future Challenges: The Chief Information Officer Mastering the power of information. Retrieved Feb 2 2011 from http://www. leadershipexpertise.com/ resources/ CIO%20Current%20 and%20Future%20 Challenges.pdf.
The management team in the case of “The Chattanooga Ice Cream Division” was not a team that seemed to be effective in making decisions or supporting each other. The team had a lack of communication with one another and this led to a breakdown with knowing the true state of despair the company was in. Communication is a very important element in a workplace, and the way a team receives communication is
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...
Management information systems can be used as a support to managers to provide a competitive advantage. The system must support the goals of the organization. Most organizations are structured along functional lines, and the typical systems are identified as follows:
Technological advancements within ICT have paved the way to new and innovative methods of how information flows within a business. In the past (and currently), the Bibliographic Chain Model was a prominent source which illustrated and categorised the flow of information from an individual, or a human resource, into various kinds of formats. The main problem with the bibliographic chain, however, is that it was modelled in 1976 (by J.M Doyle and G.H Grimes) which would imply that it is fairly outdated with regards to how technological developments back would have influenced how information circulated.
Laudon C. & J. Laudon (2003: 5th edition) Essentials of Management Information Systems. London: Prentice Hall International Limited