Skip to content Skip to navigation

OpenStax-CNX

You are here: Home » Content » 10.1 Leveraging with information technology: Introduction

Navigation

Recently Viewed

This feature requires Javascript to be enabled.

Tags

(What is a tag?)

These tags come from the endorsement, affiliation, and other lenses that include this content.
 

10.1 Leveraging with information technology: Introduction

Module by: Global Text Project. E-mail the authorEdited By: Dr. Donald J. McCubbrey

Summary:

Business Fundamentals was developed by the Global Text Project, which is working to create open-content electronic textbooks that are freely available on the website http://globaltext.terry.uga.edu. Distribution is also possible via paper, CD, DVD, and via this collaboration, through Connexions. The goal is to make textbooks available to the many who cannot afford them. For more information on getting involved with the Global Text Project or Connexions email us at drexel@uga.edu and dcwill@cnx.org.

Editors: Donald J McCubbrey (Daniels College of Business, University of Denver, USA) and Garry Woods (CommerceNext LLC, USA)

Reviewer: Richard A Scudder (Daniels College of Business, University of Denver, USA)

Note: You are viewing an old version of this document. The latest version is available here.

This chapter explores how Information Systems (IS) can be used to by managers to better develop their business idea, launch and sustain their businesses. It will also examine how IS forms the foundation for operations management, customer relationship management and financial and managerial accounting.

While you may be familiar with the term “this is the information age” it can mean different things to different people. In His famous book, The World is Flat, (Friedman 2005) Thomas Friedman explains how IS has changed the way the world works. He calls the World Wide Web a “Global network for collaboration” and gives many examples of how many forms of knowledge work can now be done anywhere in the world, that individuals from different countries can collaborate on projects without having to travel to distant cities to meet each other face-to-face, and that projects can be worked on by contributors from anywhere in the world. Examples of these three possibilities are listed below, in order to give you a better appreciation for what is possible:

  • Knowledge work can be done anywhere. Perhaps the most common example of this is software development. Software engineers in developing economies can develop programs under contract from companies in the developed world at much lower cost. Known as “outsourcing”, this is effective because universities in many developing economies such as India, China, Brazil, and Eastern Europe have well- trained programmers who are willing to work for wages above the prevailing wage levels in their home countries, but less than what a trained programmer earns in a developed country.
  • Colleagues can collaborate on projects without having to travel great distances. Videoconferencing has reached the point where individuals can meet “face-to-face” over the Internet and have discussions related to a project they are working on together. These products can range from very sophisticated (and expensive) products like Cisco’s “Telepresence” conferencing tool (Cisco 2009) to relatively inexpensive (or even free) software tools like Skype (Skype 2009).

The best examples of a large number of individuals collaborating on a common project is the so-called “open” movements: Open source programs like Linux and others we discuss later in this chapter, Open access to research journals, and the Open Educational Resources (OER) initiative which provide free educational resources over the Internet developed by volunteers from all over the world, of which the textbook you are reading from the Global Text Project is a prime example.

Content actions

Download module as:

Add module to:

My Favorites (?)

'My Favorites' is a special kind of lens which you can use to bookmark modules and collections. 'My Favorites' can only be seen by you, and collections saved in 'My Favorites' can remember the last module you were on. You need an account to use 'My Favorites'.

| A lens I own (?)

Definition of a lens

Lenses

A lens is a custom view of the content in the repository. You can think of it as a fancy kind of list that will let you see content through the eyes of organizations and people you trust.

What is in a lens?

Lens makers point to materials (modules and collections), creating a guide that includes their own comments and descriptive tags about the content.

Who can create a lens?

Any individual member, a community, or a respected organization.

What are tags? tag icon

Tags are descriptors added by lens makers to help label content, attaching a vocabulary that is meaningful in the context of the lens.

| External bookmarks