MyLab MIS with Pearson eText -- Access Card -- for Using MIS
MyLab MIS with Pearson eText -- Access Card -- for Using MIS
10th Edition
ISBN: 9780134658933
Author: David M. Kroenke, Randall J. Boyle
Publisher: PEARSON
Expert Solution & Answer
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Chapter 1.7, Problem 3ARQ

Explanation of Solution

ONE CAN BUY IT BUT NOT IS:

“IS” stands for Information System, whereas IT stands for Information Technology.

  • Information Technology deals with products, Methods, Inventions and Standards.
  • Information System is a collection of platforms to manage a set of information or Technology products.
  • IT = Hardware + Software +Data
  • IS = IT + People +Procedures
  • As IS comprises of IT, one cay but IT but not IS.

As a future business Manager, it means that Information Systems must be developed, they also need to be maintained and because the fact that business is dynamic, they must be adapted to new requirements. One must learn how to implement the system to accomplish the job tasks.

Three phases in MIS:

Management:

In order to achieve objectives, the organization and coordination of activities in an organization is called Management.

Information:

Information is the knowledge derived from data and the data presented in a meaningful context.

System:

An organized purposeful Structure to carry out a specific activity, perform a duty or solve a problem.

Five components of Information Systems:

  • Hardware
  • Software
  • Data
  • Procedure
  • People

Difference between I...

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Why are information systems important for Eastspring? Based on the case, there are several issues that need to be considered when making decisions to apply information systems. Discuss the issues from management, technology and process perspectives.  In your opinion, would it be advisable for Eastspring to adopt a global integrated enterprise system in order to give a competitive advantage to the company? Why or why not?
Using an organization that you are familiar with or you have ever worked, analyze the different components of its business model. What are the biggest factors that drive costs? How can the organization use Information Systems to bring the costs down?
Is valid to say that if organizations or businesses fail, they fail because they do not value information systems as a major element in the business?    please provide an accurate answer.
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