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INFORMATION SYSTEMS, ORGANIZATIONS, MANAGEMENT, AND STRATEGY

Sustainability of competitive advantage2. Fitting technology to the organization (or vice-versa). MANAGEMENT CHALLENGES. Essentials of Management Information SystemsChapter 3 Information Systems , Organizations, Management, and Strategy. ORGANIZATIONS AND INFORMATION SYSTEMS. Figure 3-1. Essenti

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INFORMATION SYSTEMS, ORGANIZATIONS, MANAGEMENT, AND STRATEGY

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    2. Sustainability of competitive advantage 2. Fitting technology to the organization (or vice-versa)

    11. Information systems department: Formal organizational unit Responsible for information systems in the organization

    13. Transaction Cost Theory

    14. Agency Cost Theory

    16. Intelligence: Collect information, identify problem Design: Conceive alternative solution to a problem Choice: Select among the alternative solutions Implementation: Put decision into effect and provide report on the progress of solution

    18. Rational: People, organizations, and nations engage in consistent, value-maximizing calculations or adaptations within certain constraints Cognitive style: Underlying personality dispositions toward the treatment of information, selection of alternatives, and evaluation of consequences Systematic decision makers: Cognitive style, describes people who approach a problem by structuring it in terms of some formal method Intuitive: Cognitive style, describes people approaching a problem with multiple methods in an unstructured manner Organizational models of decision making: Consider structural and political characteristics of an organization

    19. Value Chain Model: Highlights the primary or support activities adding a margin of value to products or services Helps achieve a competitive advantage Primary Activities: Directly related to the production and distribution of a firms products or services Support Activities: Make the delivery of primary activities possible Consist of the organizations infrastructure, human resources, technology, and procurement

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    23. Core Competency: Activity at which a firm excels as a world-class leader Information system encouraging the sharing of knowledge across business units enhances competency

    24. The competitive forces model: Describes the interaction of external influences, specifically threats and opportunities, affecting an organizations strategy and ability to compete

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