One of the main reasons why we need information systems is because they improve efficiency, which can boost productivity. They typically support data-intensive operations. In business organizations, a well-designed information system can be the difference between profit and loss.Continue Reading
Every organization runs on information and each business entity has a particular way of gathering, recording, storing and manipulating information. Trivially, all that is needed to collect and store information is a pen and paper. However, it would be a phenomenal task, for instance, for a medical practitioner to record and store patient details using pen and paper. Information systems have completely revolutionized the collection, storage and manipulation of data.
An information system generally comprises a series of specialized computer applications and hardware that process vast amounts of data to provide useful information in processes such as decision making. Some definitions refer to the whole architecture, comprising software applications, hardware, operating systems and the network structure that supports the various computing components making up the information system.
Information systems evolve with time as technology advances and as formal rules governing information management in an organization change. For instance, if there are major structural changes in an organization, comparable changes in the information system may be required.Learn more about Internet & Networking
The classical management approach is the theory of management that focuses on the productivity, output and efficiency of workers, rather than the differences in behavior that exist among them. This approach merges bureaucratic, administrative and scientific theories of management.Full Answer >
According to the Bureau of Labor Statistics, labor productivity is a measure of the efficiency of the labor used in the production of goods for a nation or company. This is derived by dividing the value of the goods produced by the number of man hours needed to produce them. The result is shown as productivity per hour.Full Answer >
An intranet is important because it simplifies the internal communication within a business increasing productivity by allowing staffers to access an internal database easily. It also allows management and employees to communicate easily and share information across the organization. An intranet simplifies the follow-up process after meetings.Full Answer >
Advantages of a virtual office include low overhead and increased productivity, while disadvantages include more distractions for staff and difficulty communicating. Virtual office workers can hire support services to answer phones, handle mail and provide a meeting space, which adds to the convenience of a virtual workplace.Full Answer >