Essentials of MIS (12th Edition)
12th Edition
ISBN: 9780134238241
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Concept explainers
Question
Chapter 2, Problem 1RQ
Program Plan Intro
Information Systems:
- An
information system is a system which provides the necessary information to an organization to achieve the goals. - It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to the customers.
- The main components in the information system are people, data, procedures, hardware, and software.
- The main function of information system is accept and process the input data, and then stores the retrieved information and distributes it across the organization.
Expert Solution
Explanation of Solution
Definition of business and its functions:
- Business is a method or organization in which products and services are produced for profit or benefit.
- Business includes major functions like Finance, Accounting, Human Resources, Manufacturing, Production and Sales and Marketing.
Explanation of Solution
Business process and its role in organization:
- The business process is the process of identifying and fulfills the requirement of the customer of the organization.
- Business process begins with the customers need and ends with its fulfillment.
- The activities need to complete the fulfillment are a chain task that are Engineering, Manufacturing, Marketing, Sales, Customer service within the organizations information flow.
- Role of business in organization
- In manufacturing and production, quality, design, price and many such related to the product are checked.
- In finance and accounting, statements of finance, accounts, credits and debits related to management are checked.
- Human resources are used for employment and its development.
- In sales and marketing, customer requirements, sales of the product and many others are involved.
Explanation of Solution
Different levels in business firm:
- Business firm includes three different levels depending on the work.
- In operational management, business activities are monitored every day. The data includes the number of hours worked by an employee on a particular day.
- In middle management, the work done in assigned by senior management. They depend on the functional area and department of the firm.
- Senior management includes financial status of the firm and strategic decisions related to products and services.
Explanation of Solution
Importance of environment in business:
- It should have the knowledge of new technology and its effect on environment.
- A firm checks the changes in the environment which helps in maintain the business.
- It should always respond to political factors.
- It depends on environment in terms of capital, labor, products, services, customer, seller, technology, stability, legal systems, education, resources and many others.
Want to see more full solutions like this?
Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Who develops business processes, information systems (IS), and applications?
In today's business environment, how crucial are information systems?
Examine how information systems are used in different businesses.
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, computer-science and related others by exploring similar questions and additional content below.Similar questions
- You intend to deploy information systems in your business. You create a proposal for obtaining information systems to offer to your company's management. a) Using examples, explain FIVE (5) advantages of having information systems in your firm. b) Provide FIVE (5) examples of information systems that you want to adopt in your organisation.arrow_forwarda) What are the five major forces that define competitiveness in any industry? b) By citing ONE these forces (in Qa), how can Information Systems be used to overcome its challenges.arrow_forwardWhy are IT resources described as a commodity? How do IT resources “matter” in terms of the different roles they play in an organization? Which component of an information system is most critical to success in growing and transforming the business? Why?arrow_forward
- Discuss the term business processes; and explain how computer-based information systems can help users to increase their efficiency an organization’s business processes. Use appropriate examples to illustrate your answer.arrow_forwardHow important are information systems in business?arrow_forward1. Define a business model. 2. Define Management Information System. 3. Identify a business. Analyse its business model and how the information system can be utilized to support the business.arrow_forward
- ________ analyze the business situation and identify the need for information and information services to meet the problems or opportunities of the business. Systems analysts Users Database analysts Programmersarrow_forwardinformation system experts classify information systemsin various ways (i) compare and contrast disparate systems as against enterprise application systems; and use practical examples, science or engineering to illustrate your answer. (ii) discuss the term business processs; and explain how computer-based information systems can help users to increase their efficiency an organization's business process. use appropriate examples to illustrate your answerarrow_forwardWhat function do information systems serve and how crucial are they to the success of a business?arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- Fundamentals of Information SystemsComputer ScienceISBN:9781305082168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Fundamentals of Information Systems
Computer Science
ISBN:9781305082168
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning