Logics of Business Information in Corporate world
Logics of Business Information in Corporate world
Despite the globalization of business and the development of the transnational corporation, the individual nation-state is still the paramount political and economic entity. In the twenty-first century, every business manager must understand the role which information technology plays, not only in their organization but also in the wider society, within which their organization must compete.
Information and its associated technologies are vital to business success that information is frequently regarded as an independent factor of production on par with capital, labor, and land. A full understanding of information technology is impossible without considering its interaction with the social world in which it has developed. Effective collection, management and utilization of available information are some of the biggest challenges that enterprises face today.
Business information means the systematic study of the industrial arts relating to the communication of instructive knowledge. For a business, information technology is only a means to an end which is the use of knowledge to make and implement commercial decisions. Efficient organizations require established systems to enable them to make the best possible decisions in the situations they are likely to meet.
An organizational information system should collect data, analyze and present this as useful information that can be retrieved as the basis of expert knowledge at the point of decision. Once decisions are made they must be passed on to those who implement them, carried out and the success or failure of the operation monitored. Increasingly decisions can be automatically implemented using the technology, thus enabling organizational objectives to be achieved with maximum efficiency. Information is a major resource of modern businesses.
Business information is not just a series of isolated lists but it is all interrelated. If one piece of information alters, then many items will get altered. Business information is a system and should be organized accordingly. Familiarize yourself with the advanced search commands, in particular ‘site:’ for searching within a single site and ‘filetype:’ Look for PowerPoint for presentations, spreadsheets for data and statistics, or PDF for research papers and industry or government reports.
The quality of information system will depend not only upon the excellence of the hardware and the subtlety of the software employed, but also on the accuracy and relevance of the data collected and the quality of the human professionals who use the system. Corporate success depends upon the extent to which the organization succeeds in coordinating and motivating employees to achieve objectives.
Information and its associated technologies are vital to business success that information is frequently regarded as an independent factor of production on par with capital, labor, and land. A full understanding of information technology is impossible without considering its interaction with the social world in which it has developed. Effective collection, management and utilization of available information are some of the biggest challenges that enterprises face today.
Business information means the systematic study of the industrial arts relating to the communication of instructive knowledge. For a business, information technology is only a means to an end which is the use of knowledge to make and implement commercial decisions. Efficient organizations require established systems to enable them to make the best possible decisions in the situations they are likely to meet.
An organizational information system should collect data, analyze and present this as useful information that can be retrieved as the basis of expert knowledge at the point of decision. Once decisions are made they must be passed on to those who implement them, carried out and the success or failure of the operation monitored. Increasingly decisions can be automatically implemented using the technology, thus enabling organizational objectives to be achieved with maximum efficiency. Information is a major resource of modern businesses.
Business information is not just a series of isolated lists but it is all interrelated. If one piece of information alters, then many items will get altered. Business information is a system and should be organized accordingly. Familiarize yourself with the advanced search commands, in particular ‘site:’ for searching within a single site and ‘filetype:’ Look for PowerPoint for presentations, spreadsheets for data and statistics, or PDF for research papers and industry or government reports.
The quality of information system will depend not only upon the excellence of the hardware and the subtlety of the software employed, but also on the accuracy and relevance of the data collected and the quality of the human professionals who use the system. Corporate success depends upon the extent to which the organization succeeds in coordinating and motivating employees to achieve objectives.
Comments
Post a Comment