...necessarily meant that Information Technology does not matter, but more that it has become a “commodity” as stated in the article. Meaning that businesses are now so dependent on IT, and it is now so common in the business world; therefore, IT now only offers little competitive advantage between companies. Companies view Information Technology as such and important success factor that businesses world wide, even during this economic downfall, continue to spend over $2 trillion a year on Information Technology, where in 1965 less than 5 percent of a company’s capital expenditures went to IT. Carr’s suggestion is that since the return on companies investment in information technology is so low, that business owners should contemplate the amount that they pay for Information Technology. In my opinion, I think that Information Technology does matter, and companies should use IT to their advantage, and that companies can profit off of using IT. To me the most important assets that IT provides are the ease and convenience of the Microsoft Windows applications as well as the Internet for research. For example companies using Excel to keep organized records of customers, associates, employees, and etc. People using the IT to do research on companies and products that they may have an interest in purchasing. However, I am still firm believer that we should not forget how to use a simple pencil and piece of paper. Yes, the speed and convenience of Information Technology is wonderful...
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...Chapter 01 Management Information Systems: Business Driven MIS True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. True False 2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. True False 3. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. True False 4. Technology provides countless business opportunities, but can also lead to pitfalls and traps for a business. True False 5. Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable. True False 6. A variable is a business intelligence characteristic that stands for a value that cannot change over time. True False 7. Companies update business strategies continuously as internal and external environments change. True False 8. For an organization to succeed, every department or functional area must work independently to be most effective. True False 9. Porter's Five Forces Model outlines the process for a sales strategy. True False ...
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...International Journal of Information Science and Technology THE ROLE AND EFFECT OF INFORMATION TECHNOLOGY IN THE CREATION AND MAINTENANCE OF SUSTAINABLE COMPETITIVE ADVANTAGE A. Talebnejad[1] Faculty of Management and Accounting Shahid Beheshti University Email: taleb149@yahoo.com Abstract -By the appropriate use of information technology, organizations can achieve sustainable competitive advantages. This technology because of including some characteristics such as being up-to-date, fast and precise and having different geographic localities all the time, has improved organizational efficiency, effectiveness and performance. In this article, we intend to investigate the role and effect of information technology in the creation and maintenance of sustainable competitive advantages from two different approaches: market-based approach and the resource-based approach. In the Market-based approach, meeting customer's and creating values for them, using information technology and the issue of achieving the competitive advantage and position in the market by organizations are addressed. In the resource-based approach, compatibility of the organization's resources such as those of information technology and organizational skills, particularly managerial ones are investigated. Amongst different organizational skills and resources, only managerial skills of information technology can create a sustainable competitive advantage. Keywords: Information Technology, Sustainable Competitive...
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...managers to base their decision on evidence rather than intuition. The idea behind big data is to collect all kinds of data from various sources and to effectively utilize this data to improve the financial and operational aspects of the business. Companies that operate on digital platforms like Amazon are already experts at big data and are using the predictions based on data in a deft manner. The practice of big data should not be confined to companies that operate digitally but should be implied by other businesses as well, as big data is a revolutionary practice that provides data in larger volumes with higher velocity with which data is complied and entailed and the variety in which data is available. Furthermore, modifying a company to be data-driven is not only technologically challenging but poses a copious amount of managerial challenges as well. The decision is usually based on the senior manager who has to know how to answer questions and how to embrace evidence based decision. For a company to re-organize itself to become data-driven, the manager should concentrate on improvising five areas that include, leadership, talent management, technology, decision making and company culture. The author cities instances of big data using examples of airports where PASSUR Aerospace provided a service called RightETA to predict the factual ETA of flights by collecting large data about the various ETAs of flights. Another example is that of Sears where they use Hadoop cluster to...
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...be investigated is the ethical use of information technology in a modern society. “Information technology basically refers to the employment of computer hardware and software applications to manage data” (K Alliance). Historically, information technology had limited applications and its impact on society was also limited. Information technology has come a long way since Jean Hoerni first developed the planar transistor whereby microscopic circuit boards could be laid out on the silicon surface, thus allowing the compacting of these circuits onto integrated circuits (“Darby consulting”). Today, however, information technology is a part of nearly every business and personal activity (Brooks, 2010). Because information technology is so widely used, the opportunity for individuals to engage in information technology in an unethical manner is abundant. This is why it is essential for education systems and businesses to address the ethical concerns of information technology usage. It is imperative that education systems and businesses develop a practical code of ethics to prevent ethical dilemmas and infractions, or at least try to mitigate them. Information technology has caused widespread society ethical changes. To previous generations, information technology was reserved for very specific industries. There was a selective segregation who worked with information technology and what pieces of information were impacted by information technology (Brooks, 2010). With the emergence of...
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...Mobile and wireless technologies have evolved beyond recognition in today’s technology environment. The advent of mobile phones and similar devices has transformed business and social interactions, and Internet access no longer depends on a wired system such as a modem connected to a telephone landline, but rather, it can be achieved using a mobile enabled device whenever and wherever a mobile access point is available. Such access points or hot spots are now widely available in airports, hotels, educational institutions and other public buildings, and increasing numbers of wireless networks are being installed in commercial buildings and private homes. The term "wireless" refers, in the most basic and obvious sense, to communications sent without wires or cables. It is a broad term that encompasses all sorts of wireless technologies and devices, including cellular communications, networking between computers with wireless adapters, and wireless computer accessories. Mobile technology extends computing and the Internet into the wireless medium, and provides greater flexibility in communication, collaboration, and information sharing. Mobile technology, which can support computing on the move using portable devices through wireless networks (Varshney and Vetter, 2000; Malladi and Agrawal, 2002), has emerged as the next wave in IT revolution. Mobile technology includes technological infrastructure for connectivity such as Wireless Application...
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...Business communication system In this report I have researched five different types of communication technology and their benefits and drawbacks. I have also discussed how communication technology has contributed to the growth of e-commerce, e-business and e-marketing. Communication technology: Electronic mail: Emails were first introduced during 1961 where users could login to mainframe computers and store information online. During 1965 email allowed users to communicate with more than one person, allowing people to communicate with other people all around the world. Only after 1966 did email allowed users to send information from one computer to another. E-mail allows you to send electronic messages to people. E-mail also allows you to forward, receive, save your important messages and it allows you to send one message to many people at once. For example you can send all your employees the minutes of the meeting that you had. E-mail enables you to send carbon copy and or blind carbon copy. Carbon copy enables you to send the same email to two or more people without having to send separate emails to people. The recipient will be able to see all the other recipients of the same message. In order to send a carbon copy to more than one recipient separate the emails addresses with a commas. It also allows you to inform recipients of the new receivers that have been added. Blind carbon copy allows you to send the same email to two people without the other person knowing...
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... most of organizations try to find and use lots of information from many sources such as internal and external sources, including public, suppliers, and internet in order to analyze and evaluate the projects. As the Internet, it is the most easiest and effective ways to get information or databases to analyze the efficiency of projects or operations for increasing the logistic of industries. Using internet system, it is the new challenge that most of companies adapt it in order to become successful. As the internet of things, it is the new strategy for applying with business models that how business can use technology to increase profitability and efficiency of business’ operation. There are two main types of emerging applications, including information and analysis, and automation and control as the tools for develop and improve technology to increase values and opportunities’ companies. As Information and Analysis, it is using networks to collect and link all information and data among consumers and producers for gaining and improving decision making of organization or management processes of production. There are three applications of information and analysis, which consists of tracking behavior, enhanced situational awareness, and sensor-driven decision analytics. Tracking behavior, it is using tracking product to identify details, status, and movement among products, customers, and locations. As a consequence, companies can take advantages from this application for enhancing...
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...26, 2013 Changing Role of Hospitality IT Hospitality business information technology systems have advance in technology because the older days of hotel telephone workers and recordkeeping by hand. Managers in the hospitality industry have influential devices or systems within hands reach. This allows them to achieve a bigger picture in the organizations operational environment and the financial situation by using the information technology systems. Hospitality services have increased throughout the years of time, making managers oblige to finding better technology systems and means to manage information technology produce by the organization’s daily operations. This modern technology is converting information into data, the managers can use this information to maximize revenue with the organization’s investments that was once impossible to compile by hand. Regardless of the geographical distance statability gives business rank managers the ability to access data instantly from numerous restaurant or hotel sites. This system uses web-base tools to gain and distribute data or information to the hospitality managers. Statability uses an assortment of data mining tools to mine data from hotel and restaurant hospitality systems in use worldwide (Nyheim, McFadden, & Connolly, 2005). The data generate in the reports by this application from the statistics gathered from the information technology system is accessible instantly, giving managers knowledge to act instantly...
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...Chapter 1 1. How can information technology support a company’s business processes and decision making and give it a competitive advantage? Give examples to illustrate your answer. The term information technology refers to the various hardware, software, networking, and data management parts that are a necessity for the system to function (pg. 8). Businesses regularly utilize computer-based information systems in order to record customer purchases, keep track of inventory, pay employees, buy new merchandise, and evaluate sales trends. Without the support of information technology, businesses would ultimately fall apart. For example if a business did not choose to use computer-based information systems, they wouldn't be able to evaluate what items were selling better than others and ultimately lose valuable information for future success. Information technology can also aid in decision making for a business. Decisions are made based on analysis provided by computer-based information systems. For example a store manager may make the decision whether to discontinue an item for sale or keep it on the floor due to analysis of sales trends provided by computer-based systems. Lastly information technology helps business gain a competitive advantage. A competitive advantage is gained through computer-based information systems by applying innovative application of information technologies (pg. 9). For example a store manager installing touch screen kiosks throughout the organization...
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...Abstract: Information Technology (IT) Vs. Management Information System (MIS)-in the context of Corporate Management: Information Technology The central aim of IT management is to generate value through the use of technology. To achieve this, business strategies and technology must be aligned. IT Management is different from management information systems. The latter refers to management methods tied to the automation or support of human decision making. IT Management refers to IT related management activities in organizations. MIS is focused mainly on the business aspect, with strong input into the technology phase of the business/organization. A primary focus of IT management is the value creation made possible by technology. This requires the alignment of technology and business strategies. While the value creation for an organization involves a network of relationships between internal and external environments, technology plays an important role in improving the overall value chain of an organization. However, this increase requires business and technology management to work as a creative, synergistic, and collaborative team instead of a purely mechanistic span of control. Historically, one set of resources was dedicated to one particular computing technology, business application or line of business, and managed in a storage-like fashion. These resources supported a single set of requirements and processes, and couldn’t easily be optimized or reconfigured to support...
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...whether the utilization of internet technology in the Malaysia Palm Oil Industry (MPOI) and exploitation by industry participant using technologies in the logistic sites. The participants or workers acceptance to evolve the operation is less as where they prefer to conventional ways of managing their logistics. There a lots of effect that cause efficient and effective to the industry rather staying in old operation that referring to lack real-time information and experiencing the high cost of face-to-face interaction. The reason they avoiding using technologies as the internet facilities leading to slow speed of internet connection, resistance to change regular business method, ‘wait and see’ attitude among companies and the issue of internet security and trust among drawbacks that have discovered and discussed in many e-commerce studies. E-commerce appointed improvement in business logistics activities and assisted companies to carry out logistics activities electronically where cheap and in an easily accessible form. The operation provided real-time information to reduce cost on logistic activities such as distributing, storing and retrieving product. This system created ‘new channel’ for information flow, goods flow and new partnership across distribution channel. The application affects all elements in the supply chain that rely on data flow and to improve efficiency of deliveries activities along supply chain. The smooth integration of information flow based on e-commerce that...
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...Question 1: From an analytical prospective, explain how information systems relate to the way Zara runs its business. What types of systems are the most essential for this company in its current environment? In this new era of globalization, the using of technology has been very common and can be conclude as part of human’s life. In order to survive in today’s challenging business world, every organization has to be confronted with highly competitive pressure to bring out more effectiveness and efficiency when running a business. This case study is about Zara, large international fashion company which known as one of the survivors by successfully overcome the business pressure by implementing new technology system. Zara is known as one of the largest international fashion companies which belong to Inditex, one of the world’s largest distribution groups. This clothing retail group headquartered their first store which located at La Coruna, Spain. By having 531 stores located in 45 countries, Zara carry out their business model by using information system to generate design, production and distribution service through retail network. From production till distribution, Zara choose to manage the entire process by itself because they believe is more efficient and profitable by doing so. It also helps Zara to penetrate fashion trend faster compare to other competitors. Today, Zara works towards their mission by contribute to the sustainable development of society and that of...
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...______ Table of Contents Executive Summary......................................................................................................................... 3 Company Introduction:................................................................................................................... 4 Information system of UPS and competitive advantage:............................................................... 4 Procurement: .................................................................................................................................. 5 UPS Logistics: .................................................................................................................................. 5 Distribution system at UPS: ............................................................................................................ 5 Consolidation: ................................................................................................................................. 5 Distribution: .................................................................................................................................... 5 Fragmentation: ............................................................................................................................... 6 Package Flow System and information...
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...Technology and its Impact Carlos Terrones COM172 June 17, 2013 Robert Gallo Technology and its Impact Never before in history has innovation offered promise of so much to so many in so short a time. Technology has advanced and accelerated so fast in recent years. Modern technology can range from e-mails to smart phones to fax machines. Technology is visible in everyday life. It has changed everyday living dramatically, both in positive and in negative ways. Nowhere is this more noticeable than in the business industry. Everything from communication to competitive advantage has been influenced by technology. There are both positive and negative influences that technology has impacted in the business industry. Impact on Decision Making Many people feel that the internet is a wonderful thing. There is a plethora of information that can be accessed. Obtaining information is fast and easy. Before the internet people would have to go to the library to do painstaking research. In business this could involve several employees and take days, or even possibly weeks, to obtain the information they needed. Now in a matter of hours you can compile up to date information needed for companies to make the decisions. The reason why this is important is because businesses need this information fast and accurate to make the best choice for their company. However there can also be a downside to this. In past the information took longer to process. With the internet all this information...
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