Week 11 Summary

In week 11s lesson, I learnt of the different electronic payments, benefits of e - commerce, technological limitations, lack of accepted security standards, insufficient telecommunications, expensive accessibility, non - technology limitations, unresolved legal issues, slack of critical mass of buyers and sellers. One of the first things we learnt was what organizations use their websites for which is to Sell goods and services, induce people to visit physical locations, reduce operational and transaction costs and enhance reputation. Learning of the different types of e - commerce was informative as I know it may help me with starting a business one day, since technology is rapidly growing, e - commerce and learning of its types  is an advantage. Another key point which stood out to me was learning about the degree of digitization, the extent to which commerce has been transformed from physical to digital. I also valued learning the different e - commerce business models such as online direct marketing, affiliate marketing, viral marketing and electronic tendering system marketing. All this information is helpful as it adds to being a knowledgeable user in a generation where technology is slowly taking over.

 

References

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.

 

Week 10 Class Summary

For this class, we learned all about social computing, the fundamentals of social computing, web 2.0 applications, social computing in business with association to shopping, social computing in business in association to marketing, social computing in business in association to customer relationship management, and human resource management and crowdsourcing. It was easy for me to learn more information with the help of the 7 learning objectives. I've learnt in this lesson that social computing is a very important aspect in the growing environment of businesses and their relationship with technology, for marketing, it's useful in advertising and market research, for Human resource management, it helps with recruiting, to seek the online presence of the candidates and assists with training as well. We also learnt of social commerce and its benefits to customers and businesses, such as customers helping each other and their expectations can be met quickly, for businesses there are benefits such as learning a lot about their customers, creating better marketing campaigns and they get free advertising through viral marketing. All in all, social computing is essential to learn as it could be applied in a business and this class was also helpful in learning of the benefits and challenges to be derived from crowdsourcing to an organization.

 

 

 

References

 

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.

Week 9 Blog

 The class this week about Ethics and Privacy(the right to be left alone and to be free of unreasonable personal instructions). I learnt that Ethics are principles of right and wrong which individuals use to make choices that guide their behavior, with that said, we also learned of the 4 approaches to making ethical decisions, Utilitarian Approach, Rights Approach, Fairness Approach and Common Good Approach. There was also an ethical framework we learnt of which can help guide us to make ethical decisions, it also prompts reflections on the decisions we make with the assistance of the fundamental tenets of ethics. Parallel to Ethical decision, privacy can be an issue in the workplace and it becomes unethical when privacy is breached. It would be okay if an organization chooses to keep track of their employees and their information but ensuring employees are aware of their policy ensures that ethical standards are considered. There are certain circumstances where ethics can be breached due to Cultural Relativism but at best being ethical is the right decision for a company but also keeping in mind that what is unethical is not unnecessarily illegal.

References;

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.

Week 8 Blog

The summary notes that I read on the slides assisted me with understanding chapter 5 and completing the learning objectives as I learned a lot about Business Intelligence. Applications, methods, and procedures targeted at obtaining, storing, accessing, and analyzing data to support improved business decision-making are  referred to as business intelligence (BI). Management is the use of resources to accomplish organizational objectives; decision-making, on the other hand, is the process of selecting options, which becomes more difficult and time-sensitive as it goes on. Technology is essential because information and decision-makers are dispersed. Understanding trends, behaviors, and patterns is made easier with the use of decision support systems, data mining, and multidimensional analysis. Information system dashboards provide easy access to management reports and real-time data, showcasing important insights with visually appealing graphics. By presenting crucial success criteria and key performance indicators (KPIs), they simplify the decision-making process. 

(Calzon, 2021)

Dashboards help team members collaborate and communicate more effectively, which promotes a more productive work atmosphere. Furthermore, they facilitate competitive analysis by offering choices for bringing in outside data. All things considered, dashboards improve organizational performance and facilitate well-informed decision-making in a range of business settings. Reality mining and geographic information systems (GIS) both use location-based data to provide perceptive analysis. 

References

        Calzon, B. (2021, May 21). What Is a Digital Dashboard? Learn Its Definition & Examples. BI Blog | Data Visualization & Analytics Blog | Datapine. https://www.datapine.com/blog/digital-dashboard-definition-and-examples/

        Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.

Week 7 Class Summary

 In this lesson, I was very interested in all the 4 learning objectives. Learning the similarities and differences of the two main types of networks, Computer networks and Local Area Networks. Reading about the other types of network processing like, Distributed Processing, Client/ Server Computing and Peer to Peer processing. The most common methods of accessing the internet, Internet Service Providers, search engines, web browsers and more is an important objective as it is important to be an informed individual but also because it is wise to know how others may access the internet in case something goes wrong. Communication and Collaboration is important to take note of. Different mediums of communication such as Electronic Mails, Web based Call centers, chat rooms, skype and more, is essential in advancing in the world of technology, this can be helpful as well in times of emergencies. Overall, this weeks lesson taught me to keep up with the differences in telecommunications, differences in internet systems and all together basics of communications in technology.

Reference

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.

Week 5 Class Summary

 Learning objectives from this chapter that stood out to me are the common challenges in managing data that can be addressed through data governance, the advantages and disadvantages of relational databases and describing the benefits and challenges of implementing knowledge management systems in organizations. 

We learnt that Data Governance is the need for policies and procedures to have a way of managing or storing data. Common challenges that organizations may face is the way they store their data, the system they use, how slow or fast it is to store their data, Data Governance assists in addressing the challenges an organization may face on how to store data. Learning the advantages and disadvantages of Relational Database Model is essential so that we can be informed users, especially with a generation growing in technology. Implementing knowledge management systems has both its benefits and its challenges but is important as it is needed at organizations for growth and management. 

Reference

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley. 

18th March Class, Week 4

In Chapter 2, there were 3 learning objectives. Identifying IT responses to different kinds of business pressures, describing strategies that organizations typically adopt to encounter Porter's 5 competitive forces and describing the characteristics of effective business IT alignment. We learnt about competitive advantage and what it is, which refers to when a business stands out in their industry from other competitors, finding a balance between cost, quality and speed. In the business world, there are pressures from different aspects of society which may contribute to how an organization chooses to operate, treat their employees, achieve their objectives, plan their strategies, approach issues(environmental/social), contribute to change, distribute their products, collect information, and adhere to ethical considerations. These pressures can be Business Pressures, Economic Pressures, Technological pressures, Ethical Pressures and Societal or Legal Pressures. Porter's 5 competitive models are:

1. New Market Entrants

2. Supplies(bargaining power)

3. Customers(bargaining power)

4. Substitute products/services 

5. Established Competitors

There are strategies which have been created to help an organization remain competitive in their industry, gain a competitive advantage and overcome the different pressures;

• Cost leader (provide their product for lowest costs)

• Differentiation (offer different products, goods, services)

• Innovation (add new features to existing products and being innovative)

• Operational Effectiveness (more effective methods  in productions services)

• Customer Orientation (Organization is more focused on customers and how to provide better services than their competitors and offer the best experience). 

With the different types of pressures an organization experiences and its different strategies to remain competitive, it is important for the business to align Information technology with these strategies. They can do this by viewing IT as an engine of innovation and  emphasizing to employees that IT is an important part of their culture in order to remain competitive. As an  individual, IT helps one work together with another to respond quickly to business pressures and assists you in contributing to the alignment of the business strategy with the mission, vision, and goals with the IT function. 

Reference 

Gray, H., Issa, T., Pye, G., Troshani, I., Rainer, R. K., Prince, B., & Hugh, J. W. (2015). Management information systems. Wiley.