About This Chapter
MIS Basics in Business: Chapter Summary and Learning Objectives
The knowledge and utilization of management information systems (MIS) is an important part of competing in today's increasingly information-based marketplace. In order to run a successful business within any modern market, an organization must learn to take advantage of all of the different information systems resources that are currently available.
In this chapter, our instructor explains how enterprise software for business applications can be used to create market advantages, increase productivity, foster communication and collaboration, improve customer relations and help manage the data of an organization. Several lessons focus exclusively on how data can be captured, stored, organized, categorized and shared in order to help businesses make intelligent day-to-day and year-to-year decisions. To help you better understand how modern business strategies are often based on information systems and data collection, a number of different vocabulary terms will also introduced within each lesson.
Upon completing the chapter, you should to be able to:
- Explain how management information systems (MIS) and business intelligence (BI) are used to make business decisions
- Describe the various internet services used for business communication and collaboration
- Analyze the advantages that information systems bring to the market
|Business Strategies: Market Advantages Provided by Information Systems||Analyze different types of business strategies and how they provide major advantages in the marketplace.|
|Internet Communication: Twitter, Email, IM, Blogging, RSS & Newsgroups||Identify the various Internet services used to communicate on different levels.|
|Internet Collaboration: Second Life, VOIP, Video Conferencing, Virtual Reality & Telepresence||Look over the numerous tools available to collaborate via the Internet.|
|Business Intelligence (BI): Organizing, Categorizing and Accessing Data||Describe BI to see how data is organized, accessed, and categorized to help managers make wise business decisions.|
|Management Information Systems (MIS): Manager Decision-Making Tools||Learn about MIS and the various ways it helps managers.|
1. Business Strategies: Market Advantages Provided by Information Systems
What business strategies might an information system use? We'll take a look at the concepts of business process modeling, process re-engineering, total quality management and competitive advantage and see how they relate to information systems.
2. Internet Communication: Social Media, Email, Blog, & Chat
This lesson talks about how social media adds business value by building networks that enhance competitive advantage, enable the exchange of information, foster strong relationships and serve as a foundation of building professional and personal relationships irrespective of different geographical spaces and time zones.
3. Internet Collaboration: Second Life, VOIP, Video Conferencing, Virtual Reality & Telepresence
Today, individuals and businesses are collaborating and interacting online from dispersed locations. Many technologies make it possible to communicate, learn, conduct business, and socialize with people from anywhere in the world. This lesson will discuss various Internet collaboration tools and virtual reality concepts.
4. Business Intelligence (BI): Organizing, Categorizing and Accessing Data
Business Intelligence uses specialized information systems to gain a competitive edge in the marketplace. Learn about some of the specific tools used in Business Intelligence.
5. Management Information Systems (MIS): Manager Decision-Making Tools
Management information systems help managers make effective decisions to support ongoing operations within an organization. Learn about the types of reports produced by an MIS.
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Other chapters within the Business 100: Intro to Business course
- The Dynamic Business Environment
- Practicing Social Responsibility and Ethical Behavior in Business
- Economics and Business
- Business in Global Markets
- Forms of Business Ownership
- Entrepreneurship and Small Business
- Managing and Leading in Business
- Leadership Styles in Business
- Organizational Management
- Business Production and Operations
- Workplace Productivity & Motivation
- Basics of Human Resources
- Managing the Employer-Worker Relationship
- Business Marketing Basics
- Product Development and Retailing
- Product Distribution & Supply Chain Management
- Pricing Strategy in Marketing
- Product Promotion in Business
- Implications of Information Technology
- Risk Management in Business
- Accounting Basics
- Financial Management in Business
- Securities Markets and Business
- Money and Financial Institutions
- Studying for Business 100