Today it is widely recognized that information systems knowledge is essential for managers because most organizations need information systems to survive & prosper. Information systems can help companies extend their reach to faraway locations, offer new product & services, reshape jobs & work flows, & perhaps profoundly change the way they conduct business.
Four powerful worldwide changes have altered the business environment. The first change is the emergence & strengthening of the global economy. The second change is the transformation of industrial economies & societies into knowledge & information based service economies. The third is the transformation of the business enterprise. The fourth is the emergence of the digital firm. These changes in the business environment & climate, summarized in below pose a number of new challenges to business firms & their management.
Globalization
* Management & control in a global marketplace
* Competition in world markets
* Global delivery systems
Transformation of the Enterprise
* Flattening
* Decebtralization
* Flexibility
* Location indepence
* Low transaction & coordination cost
* Empowerment
* Collaborative work & teamwork
Transformation of Industrial Economies
* Knowledge & information based economies
* Productivity
* New product & services
* Knowledge a central productive & strategic assets
* Time based competition
* Shorter product life
* Turbulent enviroment
* Limited employee knowledge base
Emergence of the Digital Firm
* Digitally enable relationships with customers, suppliers & employees
* Core business processes accomplished via digital network.
* Digital management of key corporate assets
* Rapid sensing & responding to environmental changes
No comments:
Post a Comment