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Terms Information System (IS) and Computer Information System (CBIS) p Due to the widespread use of computers in almost all fields, it is inevitable to consider IS as CBIS. 6.6 Why information systems?
In modern times, there is a growing need to use information systems. Let’s take a look at what factors have increased the importance of effective information systems.
6.7 Developing global economies
The high level of foreign trade has led to imports and exports that require smooth connectivity coordination. Core business functions (manufacturing, finance and customer support) have been distributed in different countries. Coordination
6.8 Transformation of industrial economies
Industrial economies began to coalesce as knowledge- and information-based economies. Manufacturing
activities are moving to low-wage countries. More opportunities are available in education, healthcare,
banks, insurance companies and law firms. Products that require more knowledge and information are created.
Higher commitment expected from the customer, eg overnight package delivery, worldwide booking
systems. 6.9 Transformed Business Enterprise The business structure has also changed, originally the organizations were hierarchical, Centralized, structured according to a fixed set of SOPs.
But now organizations are moving towards flatter, decentralized and flexible structures. Information technology makes it convenient and effectively support this new culture. 6.10 Emerging Digital Firms
Companies where business processes and relationships with customers and suppliers and employees are all
MGT501 Short notes for Final Term and Mid Term
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