RESEARCH ASSIGNMENT ON INFORMATION SYSTEM MANAGEMENT

NAME : ANSHITA GARG ENROLLMENT NO. 07880303912 MBA 2ND YR 3RD SEM (EVE- B)

1. How are information systems transforming business and what is their relationship to globalization? Describe how information systems have changed the way businesses operate and their products and services. Identify 3 major new information system trends Describe the characteristics of a digital firm Describe the challenges and opportunities of globalization in a flattened world.

ANSWER: Information systems are transforming business through their ability to share information in an instant. Due to lightning-fast technology, the overall pace of business is rapid-fire, and growing faster every day. For example, meetings and conferences can now take place via low-cost services such asSkype, which also offers free services to users. In the past, sharing information between parties in different cities or countries could be very expensive - long-distance phone calls or face-to-face meetings were necessary. Today, getting information where it needs to go is cheaper and easier than ever before. Businesses save money, and globalization escalates. Because it's easier to reach out, it's easier to expand a business to other countries, via Internet storefronts that literally service the whole world. Cultural barriers are breached each day, as people use technology to learn more about doing business with other nations. This concept of fast-moving information and globalization contributes to a whole new way of doing business. Cell phone, smart phones, text messaging, and social networking have also transformed the promotional aspects of running a business in the post-millennial age.

Examples of information systems and how they impact business and globalization: The pace of information systems establishes a new concept of "instant" sharing. Some example: Twitter - This short, text-like social networking platform allows businesses to build their brands before a global audience. Political revolutions and elections have begun to be influenced by mass gatherings on Twitter - it is a powerful tool for change and

globalization. Cloud Computing - This system allows business owners to sample high-tech software they might not be able to buy outright. Cloud computing allows businesses to pay servers for specific information system services and data storage solutions. In the future, the pace of information systems will continue to amaze and inspire; businesses will evolve and globalize, setting higher goals in the world marketplace. Conventional business procedures have been evolved drastically for the last two decades. New ideas & application of the information system has changed the strategy and pace of business significantly. Internet use has been increased a lot across the world. People now tend to communicate more through e-mail, cell phone, online conferencing rather than ever which results prompt customer service, more accurate business solution and high paced business world as a whole. Online shopping & service is becoming more popular each day. Therefore, buyers and sellers are communicating each other more closely and effectively. Wireless communications, including computers, cell phones, and PDAs, are keeping managers, employees, customers, suppliers, and business partners connected in every way possible. The

internet allows many businesses to buy, sell, advertise, and solicit customer feedback online. Organizations are trying to become more competitive and efficient by digitally enabling their core business processes and evolving into digital firms. The Internet has stimulated globalization by dramatically reducing the costs of producing, buying, and selling goods on a global scale. New information system trends include the emerging mobile digital platform, online software as a service, and cloud computing. Identify three major new information system trends:

Three information system trends that are influencing the way businesses interact with employees, customers, suppliers, and business partners include emerging mobile digital platforms, growth of online software-as-a-service, and the growth of cloud computing (1) The emerging mobile digital platform (2) The growth of online software as a service and The growth in Cloud Computing where more and more business software runs over the internet.

New MIS changes and their impact on business. There are three dimensions of information systems: technology, management, and organizations. o Organization: The organization dimension of information systems involves issues such as the organizations hierarchy, functional specialties, business processes, culture, and political interest groups. o Management: The management dimension of information systems involves setting organizational strategies, allocating human and financial resources, creating new products and services and re-creating the organization if necessary. o Technology: The technology dimension consists of computer hardware, software, data management technology, and networking/telecommunications technology. Information system: Three activities produce information organizations need Input: Captures raw data from organization or external environment Processing: Converts raw data into meaningful form Output: Transfers processed information to people or activities that use it

Describe the characteristics of a digital firm. A Digital Firm is one in which nearly all of the organizations significant business relationships with customers, suppliers and employees are digitally enabled and mediated. Core business processes are accomplished through digital networks spanning the entire organization or linking multiple organizations. Significant business relationships with customers, suppliers, and employees are digitally enabled and mediated. Core business processes are accomplished through digital networks spanning the entire organization or linking multiple organizations.

Key corporate assets intellectual property, core competencies, and financial and human assets are managed through digital means. They sense and respond to their environments far more rapidly than traditional firms. They offer extraordinary opportunities for more flexible global organization and management, practicing time-shifting and space-shifting.

Describe the challenges and opportunities of globalization in a flattened world.

Flattened World means that the internet and global communications had greatly reduced the economic and cultural advantages of developed countries. Business along with jobs, expertise is transferring from one part of the world to the other just to reduce manufacturing and operational expenses. Customers no longer need to rely on local businesses for products and services. They can shop 24/7 for virtually anything and have it delivered to their door or desktop. Companies can operate 24/7 from any geographic location around the world. Jobs can just as easily move across the state or across the ocean. Employees must continually develop high-level skills through education and on-the-job experience that cannot be outsourced. Business must avoid markets for goods and serves that can be produced offshore much cheaper. The emergence of the Internet into a full-blown international communications system has drastically reduced the costs of operating and transacting business on a global scale. Globalization opportunities Internet has drastically reduced costs of operating on global scale Presents both challenges and opportunities

PLAGIARISM REPORT

TOTAL PLAGIARISM % = 29 %