Preview

Six Business Objectives of It

Good Essays
Open Document
Open Document
715 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Six Business Objectives of It
http://www.ehow.com/about_4710370_what-business-objective.html.

yes
Six reasons why information systems are so important for business today include:
1. Operational excellence
2. New products, services, and business models
3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
Here is onother answer to this questionThe emegence of a global economy, transformation of industrial economies, transformation of the business enterprise, and the emergence of digital firm make information systems essential in business today. Information system is a fondation for conducting business today. In many businesses, survival and the ability to achieve strategic business goals is difficult without extensive use of information technology. There are six reasons or objectives why businesses use information system:
1. Operational excellence. Business improve the efficiency of their operations in order to achieve higher profitability. Information systems are important tools available to managers for achieving higher levels of efficiency and productivity in business operations. A good example is Wal-Mart that uses a RetailLink system , which digitally links its suppliers to every one of Wal-Mart's stores. as soon as a a customer purchase an item , the supplier is monitoring the item , knows to ship a replacement to the shelf.
2. New products, services, and business models. Information system is a major tool for firms to create new products and services, and also an entirely new business models. A business model describe how a company produces, delivers, and sells a product or service to create wealth.
Example: Apple inc transformed an old business model based on its iPod technology platform that included iPod, the iTunes music service, and the iPhone.
3. Customer/supplier intimacy. When a business serves its customers well, the customers generally respond by returning and purchasing more. this raises revenue and

You May Also Find These Documents Helpful

  • Good Essays

    Cis 210 Assignment 1

    • 917 Words
    • 4 Pages

    Information systems standardize and enforce rules on business transactions, which helps to ensure quality of both service and process. IS informs management of a business' health, mid-level managers of department needs and planning, employees of standard operating procedures, and customers of business services. IS also provides numerous communications tools for all levels of business, both for quicker collaboration and asynchronous discussions.…

    • 917 Words
    • 4 Pages
    Good Essays
  • Better Essays

    This paper will discuss how an information system is critical to the business process of an organization and how the information has impacted the organization 's structure.…

    • 1258 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Nt1330 Unit 9 Final Paper

    • 1645 Words
    • 7 Pages

    Information system gives the managers all the information to make the right decisions and enhance the business…

    • 1645 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    mgmt305 db3

    • 289 Words
    • 2 Pages

    Businesses run into minor problems that should be solved, and make the business run better. An information system gives us ways to solve these problems. Information systems are basically the combination of hardware, software used to help personnel in decision making (“information systems”, 2014).…

    • 289 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Information technology are a very big part of any business operation in today’s world. It is what will help a business run smother and faster. IT gives the competitive advantage over business that are still operating in ways that don’t involve computer systems and more technology. There are three fundamental roles of information systems that must be placed for the business to be successful.…

    • 1037 Words
    • 5 Pages
    Good Essays
  • Good Essays

    The benefits to businesses and others of using information technology for doing all work tasks are that’s it is a fast accurate, efficient flow of information which is the life blood of…

    • 2906 Words
    • 12 Pages
    Good Essays
  • Better Essays

    Unit 3 information systems

    • 9477 Words
    • 32 Pages

    Information is the blood of organisations, the business information systems help pump it around. Therefore, these systems are integral to the ongoing success of any organisation.…

    • 9477 Words
    • 32 Pages
    Better Essays
  • Good Essays

    The flow of information plays a major role in today’s business operations. Information can simply mean anything that has value to a company. In order for information to stay relevant in an organization it must rely on technology. All of the normal business operations need some sort of IT system to process the information in order for the business to operate efficiently and professionally. Having IT systems can save the organization valuable time in retrieving information. IT systems assist organizations from analyzing information, prevention of large-scale human error and decrease in inaccurate information. IT systems have assisted in the growth of many organizations by simply organizing vital and valuable information. If an organization wants to grow and excel, then it needs to embrace its information and its technology because it will be the key factor to its success.…

    • 614 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Implication: Adoption of better managerial practices an information system will ensure the top level managers are able to make sound and informed decisions while the operational and tactical managers are able to operate with utmost efficiency. The optimal results of such an opportunity is increased organizational managerial and production efficiency, leading to increased productivity and financial performance ii. Increased Community…

    • 2801 Words
    • 12 Pages
    Good Essays
  • Good Essays

    Analyzing and employing customer data is nothing new. Traditional sources of data have been used to improve sales and marketing performance since the first mail-order catalog was produced and distributed more than two centuries ago. From monthly sales reports to predictive business intelligence, tapping into customer data is a well-known way to enhance efficiency, build customer relationships and generate new revenues. In recent years, however, the nature of the data environment has changed. Digital technologies now enable massive data collection, as the cost of data storage has fallen.…

    • 364 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Implementing enterprise systems can contribute to achieving operational excellence because when an employee enters information into an enterprise system, it means that that much less time goes into sharing that information through other mediums. It takes time to print out and distribute statistics on every product in a company, but enterprise systems house that information and enables any member of authorized personnel to access that information at any given time. Enterprise systems also help to keep track of important numbers, company revenue, sales, and order information, all of which can be quickly accessed by employees who need the information.…

    • 390 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Marketing and Activity

    • 1436 Words
    • 6 Pages

    How does a company benefit from building relationships with its customers and partners? What are some ways in which a company can build more profitable…

    • 1436 Words
    • 6 Pages
    Satisfactory Essays
  • Good Essays

    Information systems aid businesses in developing a larger number of value added-systems in the company. For example, a company can integrate information systems with the manufacturing cycle to ensure that the output it produces complies…

    • 721 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Objectives

    • 362 Words
    • 2 Pages

    Business objectives are the ends that an organisation sets out to achieve. A business creates plans to enable it to achieve these ends. The objectives, and plans that an organisation creates are determined by balancing the requirements of the various stakeholders in the organisation. The stakeholders are those individuals and groups that are affected by and have an interest in how the business is run and what it achieves. Every business has a range of stakeholders, including:…

    • 362 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    6. Why are information systems so essential for running and managing a business for RocketTheme? Answer in terms of six strategic business objectives - pick the best two. (4 points)…

    • 316 Words
    • 2 Pages
    Satisfactory Essays