CONTENTS

1. Basic Information Concept & Definitions: Need for Information and Information systems in organization-characteristics of information and organization form, structure, philosophy, hierarchy etc. 2. Types of Information System: Transaction, operational control, management control, decision support, executive information systems. 3. Determining Information Needs for an Organization/ Individual Manager-overview of use of data flow method, analysis of information for decision processes etc.

4. Strategic Use & IS: use of information for customer bonding, for knowledge management, for innovation, for managing business risks, for creating a new business models and new business reality. 5. Information Security: Sensitize students to the need for information security, concepts such as confidentiality. Integrity and availability. Types of threats and risk, overview of some of the manual procedural and automated controls in real life IT environments

What should a Business Professional know about IS?

Foundation Concepts: fundamental behavioral, technical, business and managerial concepts Information Technology: Hardware, software, networks, data management and Internet-based technology Business Applications: Major uses of the IS in the organization Development Processes: How to plan, develop and implement IS to meet business opportunities Management Challenges: The challenges of effectively and ethically managing IT

1. Basic Information Concept & Definitions

Data: Streams of raw facts representing events such as business transactions Information: Clusters of facts that are meaningful and useful to human beings in the processes such as decisions making Knowledge - capacity to take effective action in varied and uncertain situations. - It is the awareness and understanding of facts, truths or information gained in the form of experience or learning.

CHARACTERISTICS OF INFORMATION
RELEAVANT COMPLETE

ACCURATE
CURRENT ECONOMICAL

Why study Information Systems ?

Vital component of successful businesses Helps businesses expand and compete Businesses use IS
To improve efficiency and effectiveness of business processes For managerial decision making For workgroup collaboration

What is an Information System?

An organized combination of
People Hardware Software Communications networks Data resources Policies and procedures

Information System (IS) versus Information Technology (IT)

IS - all the components and resources necessary to deliver information and functions to the organization IT is hardware, software, networking and data management

Information System: Definition

An Information System can be defined

technically as a set of interrelated components that collect, Process, Store and Distribute

Information to Support decision making, control,

communication, coordination & visualization of

the organization From Business Perspective an information system provides a solutions to a problems or challenges, the firm facing and provides real

economic value to the business

Structure of information system

Feedback

Input

Process

Output

Role of IS In Business
Day to day business activities strategic Objectives Service industry-could not Operate Business could not survive & prosper Growing Interdependence

What business do in 5 years?

STRATEGIC BUSINESS OBJECTIVES OF INFORMATION SYSTEMS

1. Operational Excellence 2. New Products, Services and Business Models 3. Customer and Supplier Intimacy 4. Improved Decision making 5. Competitive Advantage 6. Survival

Trends in Information Systems

DIMENSIONS OF INFORMATION SYSTEMS

ORGANIZATION

MANAGEMENT

TECHNOLOGY

Organization

STRATEGIC

MANAGEMENT

OPERATIONAL

Management
Solve Problems Perceive Business Challenges Exercise responsible Leadership Creativity Redirecting & Redesigning

Management Information System

Definition1: Study of Information systems in business and management. Defination2:The management information system is an integrated usermachine system that provides information to support management analysis and decision making functions in an organization

Assignments
Define information system from both a technical and a business perspective Explain why information system are so essential for business today Identify and describe dimensions of information systems State and describe strategic objectives of information system Without MIS future would be dark with MIS remain in business with first class product. Justify with reference to Archway OR Describe role of MIS in business with reference to Archway

Reference
1. Management Information System by Kenneth C. Laudon Jane P. Laudon

2. Management Information System by James A. OBrien George M. Marakas