MIS 301 txtbook notes chapter 1
Chapter 1: “Setting the Stage: Technology, the Manager and the Modern Enterprise”
Terms:
Open Source Software-computer software that is available in source code form for which the source code and certain other rights normally reserved for copyright holders are provided under a software license that permits users to study, change, and improve the software.
Disruptive Technology- New ways of doing things that disrupt or overturn the traditional business methods and practices
Sarbanes-Oxley Act- U.S. legislation enacted in the wake of the accounting scandals of the early 2000s. The act raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
Learning Objectives:
1. In the past decade, how has technology helped bring about radical changes across industries and throughout societies?
IT is creating profound shifts in advertising, marketing, and communication. IT is fueling globalization. IT is redefining concepts of software & computing, driving decision making.
Everybody is using technology. All businesses ranging from small to huge use the internet, and all want what is going to be the easiest and most efficient way to produce goods and services.
Some businesses are even providing services through technology. For example the websites that people go to for online shopping. (amazon, walmart, pizza hut).
2. To what degree has technology permeated every management discipline? Be able to give a few examples of how technology has changed areas such as finance, marketing, operations, accounting, etc.
Finance majors need IT. investment bankers will work on IPOs and M&As via technology i-bankers must understand the role of technology in valuing firms you must also consider tech’s role as part of any investment portfolio.
Accounting majors need IT
CPA careers built on technology foundation
All accounting records are recorded, stored, and reported by information systems.
Audit
Terms:
Open Source Software-computer software that is available in source code form for which the source code and certain other rights normally reserved for copyright holders are provided under a software license that permits users to study, change, and improve the software.
Disruptive Technology- New ways of doing things that disrupt or overturn the traditional business methods and practices
Sarbanes-Oxley Act- U.S. legislation enacted in the wake of the accounting scandals of the early 2000s. The act raises executive and board responsibility and ties criminal penalties to certain accounting and financial violations.
Learning Objectives:
1. In the past decade, how has technology helped bring about radical changes across industries and throughout societies?
IT is creating profound shifts in advertising, marketing, and communication. IT is fueling globalization. IT is redefining concepts of software & computing, driving decision making.
Everybody is using technology. All businesses ranging from small to huge use the internet, and all want what is going to be the easiest and most efficient way to produce goods and services.
Some businesses are even providing services through technology. For example the websites that people go to for online shopping. (amazon, walmart, pizza hut).
2. To what degree has technology permeated every management discipline? Be able to give a few examples of how technology has changed areas such as finance, marketing, operations, accounting, etc.
Finance majors need IT. investment bankers will work on IPOs and M&As via technology i-bankers must understand the role of technology in valuing firms you must also consider tech’s role as part of any investment portfolio.
Accounting majors need IT
CPA careers built on technology foundation
All accounting records are recorded, stored, and reported by information systems.
Audit