MGT 300 - CHAPTER 1
CHAPTER 1 👉 Business Driven Technology 😄
WHY WE NEED TO STUDY INFORMATION TECHNOLOGY ?😕
⤏ A field concerned with the use of technology in managing and processing information.
⤏ Important enabler of business success and innovation.
Management Information Systems (MIS)
⤃ A general name for the business function and academic discipline covering the application of people, technologies and procedures to solve business problems.
⤃ A business function, similar to Accounting, Finance, Operations and Human Resources.
When beginning to learn about information technology it is important to understand :
↠ Data, information and business intelligence IT resources
↠ IT cultures
What is Data ? 👀
➸ Raw facts that describe the characteristic of an event.
What is Information ? 😉
⇝ Data converted into a meaningful and useful context.
What is Business Intelligence ?
⏩ Applications and technologies that are used to support decision-making efforts.
Example of Data, Information and Business Intelligence
Data in an Excel Spreadsheet
Data turned into information
Information turned into Business Intelligence
IT Resources
IT Cultures
👉 Information-Functional Culture → Employees use information as a means of exercising, influence or power over others. For example, a manager in sales refuses to share information with marketing. This causes marketing to need the sales manager's input each time a new sales strategy is developed.
👉 Information-Sharing Culture → Employees across departments trust each other to use information (especially about problems and failures) to improve performance.
👉 Information-Inquiring Culture → Employees across departments search for information to better understand the future and align themselves with current trends and new directions.
👉 Information-Discovery Culture → Employees across departments are open to new insights about crisis and radical changes and seek ways to create competitive advantages.
END OF CHAPTER ONE
WHY WE NEED TO STUDY INFORMATION TECHNOLOGY ?😕
➾ Information technology is everywhere in business
INFORMATION TECHNOLOGY 'S IMPACT ON BUSINESS OPERATIONS
BUSINESS FUNCTION ⇒ DEPARTMENT
➾ Organizations typically operate by functional
areas or functional silos
➾ Functional areas are interdependent
Information Technology (IT)
⤏ A field concerned with the use of technology in managing and processing information.
⤏ Important enabler of business success and innovation.
Management Information Systems (MIS)
⤃ A general name for the business function and academic discipline covering the application of people, technologies and procedures to solve business problems.
⤃ A business function, similar to Accounting, Finance, Operations and Human Resources.
When beginning to learn about information technology it is important to understand :
↠ Data, information and business intelligence IT resources
↠ IT cultures
What is Data ? 👀
➸ Raw facts that describe the characteristic of an event.
What is Information ? 😉
⇝ Data converted into a meaningful and useful context.
What is Business Intelligence ?
⏩ Applications and technologies that are used to support decision-making efforts.
Example of Data, Information and Business Intelligence
Data in an Excel Spreadsheet
Data turned into information
Information turned into Business Intelligence
IT Resources
IT Cultures
👉 Information-Functional Culture → Employees use information as a means of exercising, influence or power over others. For example, a manager in sales refuses to share information with marketing. This causes marketing to need the sales manager's input each time a new sales strategy is developed.
👉 Information-Sharing Culture → Employees across departments trust each other to use information (especially about problems and failures) to improve performance.
👉 Information-Inquiring Culture → Employees across departments search for information to better understand the future and align themselves with current trends and new directions.
👉 Information-Discovery Culture → Employees across departments are open to new insights about crisis and radical changes and seek ways to create competitive advantages.
END OF CHAPTER ONE
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