Management Information Systems: Managing The Digital Firm (16th Edition)
Management Information Systems: Managing The Digital Firm (16th Edition)
16th Edition
ISBN: 9780135191798
Author: Kenneth C. Laudon, Jane P. Laudon
Publisher: PEARSON
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Chapter 1, Problem 1RQ

Explanation of Solution

Information system provides a new way in business:

  • Information system including computers, mobile handled and digital mobile devices are become the essential part of business nowadays.
  • Using information system one can improve the client side relationship...

Explanation of Solution

Three major trends of information system:

  • The new part of information system includes the big data, digital platform and cloud computing.
    • Big data is used to analyse, process and exact the knowledgeable information from the complex and large sets of data.
    • Today digital platforms are used to establish the end-to-end business between client and the provider...

Explanation of Solution

Digital firm characteristics:

  • Digital firm is organization or company in which they are establishing their business.
  • The core business process accomplished by digital networks which also leads to significant relationship with employers, customers, and suppliers...

Explanation of Solution

Challenges in Globalization:

  • Providing service in business become a challenge when it comes to globalization.
  • Marketing for less expensive goods leads to decrease in revenue.
  • Employers need to update themselves based on the technology their use...

Explanation of Solution

Six reasons to prove information systems are important:

  • Customer and supplier intimacy.
    • Through communication the customer and supplier intimacy can be improved.
  • New business models, products and services.
    • Using business tools and information system one can create their new business models, products and provide new services.
  • Decision making
    • Decision making became easier because availability of data are increased...

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