0
Discuss the challenges and opportunities that business managers face in managing information system and information technologies?
Wiki User
∙ 13y ago
A Management Information System is used by managers throughout the organization to help them in directing, planning, coordinating, communicating, and decision-making.
a) MIS (Management Information Systems) is a general term for the Computer systems in an enterprise provides information about its business operations. It's also used to refer to the people who manage these systems.
b) Typically, in a large corporation, "MIS" or the "MIS department" refers to a central or centrally-coordinated system of computer expertise and management, often including mainframe systems
c) The study of effective systems for the development and use of information in an organization.
Information Systems are generally classified into the following categories : -
1. Office Information Systems (OIS)
2. Transaction Processing Systems (TPS)
3. Management Information Systems (MIS)
4. Decision Support Systems (DSS)
5. Executive Information Systems (ESS)
6. Expert Systems (ES)
Challenges and opportunities in Managing Information System and IT
The scope of the challenges and opportunities facing business managers and professionals in effectively managing information system and information technology is well illustrated in the following model: -
The Business Enterprise
Strategies / Processes / Structure / Culture
Information Technology
Customer Value
Business Value
Success in today's business environment depends heavily on maximizing the use of internet based technologies and web enabled information system to meet the competitive requirements of customer, supplier and other business partners in a global marketplace. The above model also emphasizes that information system and their technologies must be managed to support the business strategies, business processes and operational structure and culture of a business enterprise what the important part of challenges for the managers. That's because computer-based information system, though heavily dependent on information technologies, are designed, operated and used by people in the variety of organizational settings and business environments. The goal of many companies today is to maximize their customer and business value by using information technology to support their employees in implementing cooperative business processes with customers, suppliers and others.
Information Technology is the hardware, software and telecommunications used interchangeably. These technologies provide the means to transmit, store and retrieve data, voice and video to anyplace in the world in real time. Specifically the following are notable.
Challenges:
1. Workforce downsizing
2. Information overload
3. Employee mistrust
4. Difficult to built
5. Security breaches
Opportunities:
1. Enhanced global competitiveness
2. Capture market opportunities
3. Support corporate strategy
4. Enhance worker productivity
5. Improve quality of goods and services
Information Systems are indispensable to the business, industry, academia and any organization
to meet the future challenges
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the Role of information system in business and managerial challenges?
i need the answer in this question because this is part of my assignment.can you help me? pls.
Why information systems are so essential in running and managing business today?
n understanding of the effective and responsible use and management of information systems is important for managers and other business knowledge workers in today's global information society. Information systems and technologies have become a vital component of successful businesses and organizations. Information systems constitute an essential field of study in business administration and management, as they are considered a major functional area in business operations.Read more: Why_are_information_systems_essential_in_business_today
What kind of information system framework is required by a business professional?
Business professional rely on variety of information system that use various Information Technologies (IT). While the term information system and information technology are sometimes used interchangeably, they are two distinct concepts. As defined, the term information system describes all of the components and resources necessary to deliver information and function to the organization. In contrast, the term information technology refers to the various hardware, software, networking, and data management components necessary for the system to operate. The field of information system encompasses many complex technologies, abstract behavioral concept, and specialized applications in countless business and non-business areas. As a manager or business professional, you do not have to absorb all of this knowledge. A useful conceptual framework is described below that organizes the knowledge presented in the text and outlines areas of knowledge you need to know about information system. This concept says you concentrate your efforts in the following five areas of Information System Knowledge:
What challenges could Management face while in operation of McDonald franchise business?
I need help in finding out, what challenges management face while in operation of McDonalds franchise business?
What are the key management challenges in a contemporary business?
Planning Business continuity staff capabilities Rapid change in IT Governance
How does an entreprenuer influence busniess?
Business situations consist of number of challenges, constraints and opportunities that impact on the business performance of a firm.
Challenges business face in changing technology?
One of the challenges business face in changing technology is cost of acquisition. Also, there is often inadequacy of skilled staff to make use of new technologies.
Where can you get more information about home business opportunities?
If you are looking for more information about home business opportunities, word of mouth is usually the best form of this. Actually finding someone that is successful in the business you want to start can work wonders.
What is the purpose of business information?
to identify strengths, weaknesses, threats and opportunities
What courses are available at TCI?
Programs available at TCI include: Business and Legal, Engineering and Information, Arts and Sciences Technologies, Health and Sciences Technologies, Facilities Technologies, and Professional and Development.
Details about yash technologies?
YASH Technologies is an information technology company located in California. They provide business IT solutions for major corporations and small businesses.
When was Matrix Business Technologies created?
Matrix Business Technologies was created in 1990.
What new possibilities did you discover in your research?
In my research, I discovered new possibilities for utilizing artificial intelligence to personalize user experiences, optimize business operations, and improve decision-making processes. Additionally, I found opportunities to leverage emerging technologies such as blockchain and quantum computing to address complex challenges in various industries.
What does IT department do in a company?
Ensure that technologies like computers and networks are applied suitably to the business and its information is secured.
Is eyetel technologies still in business?
Yes, EyeTel Technologies is still in business and running successfully.
What is the 3 main sources in business opportunities?
sources of business opportunities
Are there any candies perfume business opportunities?
If one is looking for a job with the Candie's perfume business, the best place to look would be on the official Candie's site. This site will provide information on job opportunities and how to get in touch with them.
