Managing Information (1) Flashcards
What is ifnormation system?
Combination of hardware, software anmd communications capability, where info is collected processed and stored
What do organisations heavily rely on?
Their information sustems and some businesses can’t function without their information system
What are supporting operations?
Processing and recording transactions
What are supporting managerial activities?
Planning
Control
Decision making
Performance measurement
What is planning?
Formulating ways of proceeding
What is control?
Used insense of monitoring something to keep it on course
What is decision-making?
Choosing between various alternatives
What areas of a company can information systems be used for?
Sales and marketing
HR
Inventory control
Process efficiency
Benefits of an information systems?
Info now recognised as valuable for competitive advantage
Easy access to information
New technology good for survival and better decision-making
What do set-up costs for a new system include?
Hardware and software costs
Implementation costs
Day-to-day costs
Issue with unmanaged proliferation of IT?
Reduces the ability to share information and avoidance of duplication
WHy should IT expenditure require approval?
Ensure that it enhances rather than detracts from overall information strategy
Why is effective budgeting required?
Keep costs under control, particularly purchase of new equipment
When is communicating information much easier?
When computers are connected to form a network
What is meant by a network?
Computers which are connected and can send information together
