Management and Business Managers

2. What are the benefits to businesses (and others) of using information technology for doing work tasks?

1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.

1. In relation to your current business environment (or one that you are familiar with), identify at least two different types of information technology that may be used when completing work tasks.

Making investment into IT requires precise valuation of the available resources and consideration of the potential risk associated with the success or failure of that specific project. IT involves both machines (which can be both hardware and software) and manpower in order to run those machines. In order to operate and implement the IT strategies the organization requires highly skilled

(Sivaprasad & JangaJe, 2012): With the introduction of Information Technology in the business, every organization that comprises IT has started to take benefits of this technology. This is done by attaining the advantage over other competitors in the market, by providing new features to the customers after incorporating technology at the operational side specially, increasing the operational speed and reducing the probability for any error in operations. (Wen, 2012): IT also assists higher management in the process of decision making.

1. Explain why understanding information technology and management information systems can help you achieve business success-or more importantly, help you avoid business disasters-regardless of your major?

The Internet has been key in opening the global economy of the United States and many other developed and underdeveloped countries. Many companies are relying more on having an online presence to reach communities and individuals outside of their national scope. The internet allows for access to more information that allows different markets and business of all sizes to increase productivity, be innovative and function more efficiently. From the basics like B2B for needed materials, products and services allows for a faster collaboration to help boost sales and help the overall economic growth of varying markets. The creation of

We define information technology (IT) to include not only computer technology (hardware and software) for processing and storing information, but also communications technology for transmitting information. Advances in computer and communications technologies have enabled firms to pursue IT investments. This will help them to gain maximum advantage from their knowledge assets-to leverage the knowledge of individual employees to the benefit of other employees and the organization as a whole.

Until recently, the Roanoke branch of Virginia represented Phoenix Advertising vision to exceed and excel in customers satisfaction and the unparalleled leader of value-added support services

The information technology (IT) revolution has had an enormous influence on how organizations/companies are managed. It can credibly be claimed that no other source of change has had more impact on the paradigms and practices that underline the management function. Though other developments such as the emergence of the global economy and the increasingly knowledge-based nature of modern organisations have significantly affected how organisations are managed, IT developments actually are an

Montaldo (2017) in a recent article indicated that marketers or e-commerce business owners can offer better deals in online shopping compare to brick-and-mortar stores because the expenses of running a physical store are far greater compared to an online store and considering the less operational costs to meet the needs of the customers, online stores can therefore lower the prices of the products to become affordable to customers. Although this does not imply to replace the traditional retail stores, it is clear that online shopping can better offer customers competitive prices, deals and

The rapid evolution of enterprise IT systems in general and analytics specifically is based on the myriad of information needs companies have. The Chief Information Officer (CIO) must increasingly be just as much of a strategist as a technologist. This is increasingly evident in how CIOS are expected to not only cost-reduce IT systems but also enable greater agility in information technologies to drive top-line revenue growth (Trkman, McCormack, de Oliveira, Ladeira, 2010). There are many analytics and reporting frameworks available for tracking the contribution of each area of a company's value chain. One of the most prevalent is the role of Dr. Michael Porter's value chain in defining how the functional areas of a business over time need to be coordinated to deliver profitability (Porter, 1986). For many companies, analytics is the glue or catalyst that unifies all aspects of the value chain together, ensuring the smooth operation of an enterprise. With the value chain framework in mind, the intent of this analysis is to evaluate the most critical key performance indicators (KPIs) and metrics of performance to measure the effectiveness and efficiency of IT strategies throughout an organization. The aggregate-based effect of using these KPIs and measures of performance is to create a foundation for measuring economic value of IT to the enterprise over the long-term. This aspect of measuring the value of information technological is

When I was a child, I had a group of friends, and I liked to be the leader. In addition, my friends used to select me as the leader of the team because of my skills. I used to select the game to play, and I liked to watch over my friends. Also, I used to practice volleyball, and I was the captain of the team. I always liked to be in control, directing and handling the team. I learned to be organized on an early age. I learned how to manage my time to go to school on time, to practice ballet, go to volleyball practice after school, have time to do my homework, and go to bed at a reasonable time. I did not know that I was developing managerial skills. I was undecided; I did not know what to study. I liked arts, science, math, but I had more

3) From the point of view of economics, information systems technology can be viewed as a factor of

Therefore, IT managers need effective management systems and processes to help them deal with the issues and challenges inherent in their responsibilities. Feeny and Willcocks (1998) suggested that core IS competencies are needed to assist the development of IT, measurable in terms of IT activities supported, and resulting business performance. Figure 1 shows the 9 core IS competencies. The research carried out indicated that in order to have a successful IT function there are four major tasks which need to be accomplished. These include: co-ordination and leadership; ensuring technical capability; managing the external supply; and meeting the business’s requirements.