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Digital Firm Qs

In: Computers and Technology

Submitted By Creative
Words 578
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1. Describe the characteristics of a digital firm.
Basically, digital firm is one in which almost all the organization important business relationship with customers, suppliers, and staff are carried out electronically. In firms which are operating digitally, the core business processes are accomplished through digital networks and span the entire organization and the key corporate assets are managed through digital means. Another characteristics that digital firm has is that the internal and external environment can be recognized and death with very quickly. For instance, the supply chain management systems in these kinds of firms can facilitate sourcing, manufacturing and delivery of products and services.

2. Describe how information systems transforming business and what is their relationship to globalization.
Nowadays, information systems can be considered as the foundation for conducting business. For many businesses, they cannot survive without having information system because of many reasons. First of all, the internet allows many businesses to buy, sell, advertise and get feedback from customers. Secondly, communicating and conducting businesses is increasingly being carried out through the use of e-mail, online conferencing, cell phones and international teleconferencing. In addition, information system provides new federal security and accounting regulations that would help in protecting businesses. Generally, it is interesting to know that the internet has reduced the cost of operating (buying, selling goods, transferring..etc) on global scale dramatically.

3. Distinguish between data and information and between information systems literacy and computer literacy.
Basically, data are raw input which when processed or arranged makes meaningful output. For instance, data can be facts, statistics or numbers and symbols that can be processed by...

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