Information systems and technologies are vital for businesses to improve efficiency, effectiveness, and competitive position. They can support various business activities from product development to customer support. With Internet technologies, information systems have become necessary for business success globally. The document then outlines key concepts about information systems including components, activities, and applications for business.

1. MIS Why study information systems and information technology? Foundations of Information Systems in Business

4. Information systems and technologies are a vital component of successful businesses and organizations. Information technologies, including Internet-based information systems, are playing a vital and expanding role in business.

5. Information technology can help all kinds of businesses improve the efficiency and effectiveness of their business processes, managerial decision making, and workgroup collaboration, thus strengthening their competitive positions in a rapidly changing marketplace.

6. This is true whether information technology is used to support product development teams, customer support processes, electronic commerce transactions, or any other business activity. Internet-based information technologies and systems have become a necessary ingredient for business success in today's dynamic global environment.

7. Learning Objectives Explain why knowledge of information systems is important for business professionals and identify five areas of information systems knowledge they need. Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business.

8. Learning Objectives Illustrate that in an information system, people use hardware, software, data, and networks as resources to perform input, processing, output, storage, and control activities that transform data resources into information products.

9. Chapter Outline Section I Foundation Concepts: Information Systems and Technologies Why Information Systems Are Important The Real World of Information Systems Real World Case: BellSouth Corporation: The Business Payback of Information Technology What You Need to Know An IS Framework for Business Professionals System Concepts: A Foundation Components of an Information System Information System Resources Information System Activities Recognizing Information Systems

10. Chapter Outline Section II Foundation Concepts: Business Applications, Development, and Management The Fundamental Roles of IS Applications in Business Real World Case: Royal Caribbean International: Renewing and Realigning IT with Business e-Business in Business Trends in Information Systems Types of Information Systems Managerial Challenges of Information Technology Success and Failure with IT Developing Business/IT Solutions Challanges of Ethics and IT Challenges of IT Careers

11. Chapter overview There are three fundamental reasons for all business applications of information technology. They are found in the three vital roles that information systems can perform for a business enterprise. Support of its business processes and operations. Support of decision making by its employees and managers. Support of its strategies for competitive advantage.

12. Chapter overview The strategic applications of information systems for competitive advantage. Business applications of information technology for electronic business operations, electronic commerce, enterprise collaboration, and decision making

14. Glossary SYSTEM (1) A group of interrelated or interacting elements forming a unified whole. (2) A group of interrelated components working together toward a common goal by accepting inputs and producing outputs in an organized transformation process. (3) An assembly of methods, procedures, or techniques unified by regulated interaction to form an organized whole. (4) An organized collection of people, machines, and methods required to accomplish a set of specific functions.

15. Glossary An information system that uses computer hardware and software to perform its information processing activities. Computer-Based Information System

16. Glossary Hardware, software, telecommunications, database management, and other information processing technologies used in computer-based information systems. Information Technology (IT)

17. Glossary The systems component that evaluates feedback to determine whether the system is moving toward the achievement of its goal and then makes any necessary adjustments to the input and processing components of the system to ensure that proper output is produced. A management function that involves observing and measuring organizational performance and environmental activities and modifying the plans and activities of the organization when necessary. Control

18. Glossary Facts or observations about physical phenomena or business transactions. More specifically, data are objective measurements of the attributes (characteristics) of entities such as people, places, things, and events. Data

19. Glossary End User:- Anyone who uses an information system or the information it produces. Information:- Information is data placed in a meaningful and useful context for an end user. Feedback :- Data or information concerning the components and operations of a system. End User/ Information/ Feedback

20. Glossary (1) A set of people, procedures, and resources that collects, transforms, and disseminates information in an organization. (2) A system that accepts data resources as input and processes them into information products as output. Information System

21. Glossary A conceptual framework that views an information system as a system that uses the resources of hardware (machines and media), software (programs and procedures), people (users and specialists), and networks (communications media and network support) to perform input, processing, output, storage, and control activities that transform data resources (databases and knowledge bases) into information products. Information System Model

22. Glossary The use of groupware tools and the Internet, intranets, extranets, and other computer networks to support and enhance Enterprise Collaboration Systems

23. Glossary Electronic Business (e-Business) :- The use of Internet technologies to internetwork and empower business. Electronic Commerce (e-Commerce) :- The buying and selling, marketing and servicing, and delivery and payment of products, services, and information over the Internet, intranets, extranets, and other networks, between an internetworked enterprise and its prospects, customers, suppliers, and other business partners. Includes business-to-consumer (B2C), business-to-business (B2B), and consumer-to-consumer (C2C) e-commerce.

24. Glossary An Internet-like network within an organization. Web browser software provides easy access to internal websites established by business units, teams, and individuals, and other network resources and applications. Intranet

25. Glossary A network that links selected resources of a company with its customers, suppliers, and other business partners, using the Internet or private networks to link the organizations’ intranets. Extranet

26. Glossary People whose primary work activities include creating, using, and distributing information. Knowledge Workers