The Critical Role Of Informati


on Systems
Today’s information systems are both technical and social in nature. Management must understand the importance of information within the organization. It is management’s job to understand how information is collected, processed, and distributed. We are all extremely affected by information systems and must be willing to understand and work with them. Our global economy does not allow us to depend on face to face transactions like in the 1980’s. Today, few managers can ignore the importance and impact of how information is handled by their organization. Information systems play a critical role in today’s business organization and society (Laudon 5).
Since the emergence ...

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of information to the firm and offers new opportunities to businesses. Today, information systems provide the communication and analytic power that firms need to conduct trades and manage businesses on a global scale. Globalization and information technology also brings new threats to domestic business firms. This is brought on by the customer’s ability to shop in a worldwide marketplace, obtaining the price and quality information reliably, 24 hours a day. The worldwide market place brings competition to a higher level than ever before, forcing all businesses to play a part in this global economy. In order to become a profitable player in a worldwide market firms, need powerful information and communication systems (5).
Many countries are experiencing the third economic revolution. These countries include the United States, Japan, Germany and other major industrial powers. This revolution, which is now in progress, is transforming itself into a knowledge and information ...

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are critically important to the survival of a firm. Consider also that the growing power of information technology makes possible new services of great economic value. Consider that credit cards, overnight package delivery, and worldwide reservation systems are examples of services that are based on new information technologies. Information systems have many uses. They not only help you track inventory but also help you make decisions on where to open another store and assist in forecasting how much money it will cost to maintain it (7).
There are six major types of information systems. The first is the Executive Support Systems (ESS). This is a strategic level system that ...

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PAPER DETAILS
Added: 4/11/2004 01:38:18 AM
Category: Science & Nature
Type: Premium Paper
Words: 1717
Pages: 7

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