scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,713
The Critical Role of Information Systems Todays information systems are both technical and social in nature Management must understand the importance of information within the organization It is managements job to understand how information is collected processed and distributed We are all extremely affected by information systems and must be willing to understand and work with them Our global economy does not allow us to depend on face to face transactions like in the 1980s Today few managers can ignore the importance and impact of how information is handled by their organization Information systems play a critical role in todays business organization and society Laudon 5 Since the emergence of the global economy the success of firms today and in the future depends on their ability to operate globally The American economy depends on imports and exports Foreign trade both imports and exports accounts for a little over 25 percent of goods and services produced in the United States and even more in countries like Japan and Germany This percentage is currently and will continue to grow in the future 5 Globalization of the worlds industrial economies greatly enhances the value of information to the firm and offers new opportunities to businesses Today information systems provide the communication and analytic power that firms need to conduct trades and manage businesses on a global scale Globalization and information technology also brings new threats to domestic business firms This is brought on by the customers ability to shop in a worldwide marketplace obtaining the price and quality information reliably 24 hours a day The worldwide market place brings competition to a higher level than ever before forcing all businesses to play a part in this global economy In order to become a profitable player in a worldwide market firms need powerful information and communication systems 5 Many countries are experiencing the third economic revolution These countries include the United States Japan Germany
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA