Management Information Systems

MBA (Family Business and Entrepreneurship) Term III, Batch 2010-12 Session I December 21, 2010 -NM

System
The term system is derived from the Greek word Systema, which means an organized relationship among functioning units or components. It exits because it is designed to achieve one or more objectives. We can also define system as it is set of elements or components that interact to accomplish goals.
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System (Contd..)
Systems have inputs, processing mechanism, outputs and feedback. Example
Dirty Car Washing Car Processing Clean Car

Input

Output

Feedback
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Information System
Five key elements of IS
Data People

Information System

Hardware

Telecommunication

Software
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Information System
An information system is a set of interrelated components that collect or retrieve, process, store, and distribute information to support decision making and control in an organization. System is an organized relationship among functioning units or components to achieve or accomplish goals. Information systems can also be used to analyze problems, visualize complex subjects, and create new products
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Management Information Systems

MBA (Family Business and Entrepreneurship) Term III, Batch 2010-12 Session II December 23, 2010 -NM

Role of IS in Business Today

INFORMATION TECHNOLOGY CAPITAL INVESTMENT--From 1980 to 2007 Grew from 34 % to 54 %

How Information Systems are Transforming Business

Wireless cell phone, BlackBerrys, iPhone, email, online conferencing over Internet. 80 million businesses worldwide have dot com connections Ecommerce and Internet advertising are booming. Requirement of data by federal security and accounting law, occupational and health law, chemical explosive data (60 yrs). Digital information is about 5 exabytes.

What is New in Information Systems in the Flattened World?

Mobile digital platform Growth of online software Growth in cloud computing
Web 2.0 technology

New and advanced hardware and technology

Coordinate vendors

Satisfy Customer

Managing employee

Emerging Digital Firms

Digital firms like Cisco Systems and Dell computers are very close to become digital firms in which nearly all of the organization s significant business relationships with customer, suppliers and employees are digitally enabled. Key corporate assets intellectual property, core competencies, financial and human assets are managed by digital means. Business Processes: The unique ways in which organizations coordinate and organize work activities, information, and knowledge to produce a product or service.

Strategic business Objectives of Information Systems (Why IS?)

In US 23 mn managers and 113 mn workers depend on IS. ebay, Google, travel, medicine, GM Wal Mart,, GE, future group etc. High investment on IS
    

Operational Excellence Services and Business Model New Products Customer and Supplier Intimacy Improved Decision Making

 Competitive Edge and Survival

What is Information System?

An information system is a set of interrelated components that collect or retrieve, process, store, and distribute information to support decision making and control in an organization.

Functions of Information System

Data Vs Information Vs Knowledge

Binary Information
Digital computers use the binary number system. A binary digit is called a bit (0 or 1). Information is represented in digital computers in groups of bits. The word digital implies that the information in the computer is represented by variables that take a limited number of discrete or quantized values for example in decimal number system digits are 0,1,2,3,4,5,6,7,8,9.
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Binary Information (Contd..)

Binary information is represented in a digital system by physical quantities called signals. Electrical signals such as voltages exist throughout a digital system in either one of the two recognizable values and represent a binary variable equal to 1 or 0.

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Binary Information (Contd..)

VOLTS 4 Binary 1 3 2 1 Binary 0 0.5 0 Tolerance allowed for binary 0

Tolerance allowed for binary 1

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Data and Information

Data consists of raw facts and figures such as an employee number, number of hours worked in a week, inventory part number or sales number. When facts are arranged in a meaningful manner, they become information. Information is a collection of facts organized so that they have additional value beyond the value of the facts themselves.
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Data Storage Capacity

Quantity Kilo Byte (KB) Mega Byte (MB) Giga Byte (GB) Tera Byte (TB) Penta Byte (PB) Exa Byte (EB) = 1 Billion GB = 1Million TB Zella Byte (ZB) Yolta Byte (YB) Decimal 103 106 109 1012 1015 1018 1021 1024 Binary 210 220 230 240 250 260 270 280

Management Information Systems

MBA (Family Business and Entrepreneurship) Term III, Batch 2010-12 Session III December 24, 2010 -NM

Group Assignments -01 DIV A

Roll No. 104101-104106 & 104163 104107-104112 & 094148 104113-104118 104119-104124 104125-104130 104131-104136 104137-104143 104144-104149 104150-104156 104157-104162 Group Name A- Param B- Super C- Midi D- Main E- Pentium F- Photon G- DigiFast H- Intelligence I- Experts J- Tablet 1. Preparation of collage containing IT/ ITES news articles from news papers. News articles should be from three different sectors. It is mandatory to write (using pen) the reference from where you have picked the article . Photocopies can also be taken from the news paper/s for the preparation of collage . 2. Chart Paper/ Blank sheets can be used, ruled papers are not allowed. 3. You have to indicate which news article you (group) liked most(encircle that article). Mention reasons at the back side of the sheet. 4. On the back side list names of all the companies/ organization appeared in the news articles. 5. Date of submission is December 30, 2010. 6. No two collages should be same.

Group Assignments -01 DIV B

Roll No. 104201-104206 104207-104212 104215-104220 104221-104226 104227-104232 104233-104238 104239-104245 104247-104252 104253-104259 104260-104263 Group Name A- Param B- Super C- Midi D- Main E- Pentium F- Photon G- DigiFast HIntelligence I- Experts J- Tablet 1. Preparation of collage containing IT/ ITES news articles from news papers. News articles should be from three different sectors. It is mandatory to write (using pen) the reference from where you have picked the article . Photocopies can also be taken from the news paper/s for the preparation of collage . 2. Chart Paper/ Blank sheets can be used, ruled papers are not allowed. 3. You have to indicate which news article you (group) liked most (encircle that article). Mention reasons at the back side of the sheet. 4. On the back side list names of all the companies/ organization appeared in the news articles. 5. Date of submission is December 30, 2010. 6. No two collages should be same.

Data and Information (contd..)

Data and information work the same way. Rules and relationship can be set up to organize data into useful, valuable information. Turning data into information is a process or a set of logically related tasks performed to achieve a defined outcome. The process of defining relationships among data to create useful information requires knowledge.
Data can be in the form of Video, Audio, Image or Alphanumeric
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Data and Information (contd..)

Knowledge is the awareness and understanding of a set of information and ways that information can be made useful to support a specific task or reach a decision. Having knowledge means understanding relationships in information Knowledge workers (KWs) are people who create, use, and disseminate knowledge and are usually professionals in science, engineering, business, and other areas.
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Data and Information (contd..)

Data

The transformation process

Information

Transformation process

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WISDOM

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Dimensions of Information Systems

Major Business Functions and Purpose: Sales and Marketing Products and services Manufacturing and Production Products and services Finance and Accounting Financial assets & Records Human Resource Attracting, developing and maintaining the organization s Labor force & employee record

Business Information Value Chain

Complementary Assets: Organizational Capital and the Right Business Model

Organizational Assets
Supportive Organization culture Appropriate Business Model Efficient Business Process Decentralized Authority Distributed Decision Making Strong IS Development Team Strong Senior management Support Technology investment Incentive for innovations Teamwork and collaborative environment Training program Management Culture for

Managerial Assets

Social Assets

Internet and telecommunication Infrastructure IT enriched education Programs Standards (Both Government & Private) Laws & regulations creating fair & stable market environment Technology & service firms in adjacent markets to assist implementation