bism 3200 online course

SLIDE 2

· These are the Student Learning Outcomes for the chapter.

· Use them as a road map to inform your students of what you will be covering.

· At the end of the chapter is a summary of each.

SLIDE 3

· These are now about the outrageous transformations that are occurring in industries as a result of IT.

· In this first one, you can see the dramatic decline of in-room telephone charges for hotels because of IT, specifically cell phones.

SLIDE 4

· This slide provides the narrative for the previous slide.

· Hotels are also suffering from less in-room pay-per-view movie revenues because of IT.

SLIDE 5

· These are great questions.

· Some students may have never used a pay phone.

SLIDE 6

· This slide reinforces the fact that we live and work in a digital world, where technology and information are important, pervasive, and often invasive.

SLIDE 7

· This slide starts the section on management information systems

· It defines MIS.

SLIDE 8

· This slide lists the 3 important organizational resources within MIS.

· Obviously, people are the most important resource.

SLIDE 9

· This slide presents Figure 1.1 on page 5.

· It illustrates the synergistic effect MIS can have if people, technology, and information are coordinated and managed together.

SLIDE 10

· This slide provides an overview of the chapter, including the major sections and which addresses each learning outcome.

SLIDE 11

· This slide begins the discussion of information as a key resource.

· It defines data and information.

· Later, we morph information into business intelligence.

SLIDE 12

· This slide presents Figure 1.2 on page 6.

· It illustrates the difference between data and information.

· It also illustrates that information builds on data

SLIDE 13

· This slide continues the discussion of information by focusing on business intelligence and its definition.

SLIDE 14

· This slide presents figure 1.3 on page 7.

· It illustrates business intelligence.

· BI is information on steroids.

· BI combines multiple information sets to provide a more complete picture.

SLIDE 15

· This slide focuses on the fact that information is valuable only if it exhibits quality.

· Quality is often nebulous and difficult to define but we can describe it in many ways including timeliness, location, form, and validity.

SLIDE 16

· This slide presents Figure 1.4 on page 9.

· It provides a graphical illustration of the various organizational perspectives of the information resource.

· Subsequent slides focus on each perspective.

SLIDE 17

· This slide discusses the flow perspective of information.

· Within an organization information can flow up, down, horizontally, and outward/inward.

SLIDE 18

· This slide discusses the perspective of information with respect to what it describes.

· Internal – within the organization

· External – what surrounds the organization

· Objective – quantifiably known

· Subjective – something unknown

SLIDE 19

· This slide begins the discussion of people as a key resource within MIS.

SLIDE 20

· People are the single most important resource in any organization.

· Today, people must focus on being:

· Technology literate

· Information literate

· Ethical

SLIDE 21

· This slide presents Figure 1.5 on page 13

· It illustrates the relationship between acting legally and ethically

· The goal, obviously, is to remain in Quadrant I with all your actions

· That’s not always easy.

SLIDE 22

· This slide begins the discussion of information technology as a key resource within MIS.

· It defines information technology and its two primary components – hardware and software.

· XLM/A covers IT in detail. The slides here provide a brief overview.

SLIDE 23

· This slide presents Figure 1.6 on page 14.

· It provides a graphical depiction of the categories of IT and, within IT, hardware and software.

SLIDE 24

· This slide (and the next) defines and describes the 6 major categories of hardware.

· They are input devices, output devices, storage devices, CPU and RAM, telecommunications devices, and connecting devices.

SLIDE 25

· This slide (and the previous) defines and describes the 6 major categories of hardware.

· They are input devices, output devices, storage devices, CPU and RAM, telecommunications devices, and connecting devices.

SLIDE 26

· This slide defines the two major types of software – application and system.

· Again, work through XLM/A with your students for a thorough review of software.

SLIDE 27

· This slide begins the discussion of how to assess the financial impact of IT.

· It does so using break-even analysis.

SLIDE 28

· This slide provides a description of the three financial aspects of break-even analysis.

· They are:

· Fixed costs

· Variable costs

· Revenue

SLIDE 29

· This slide sets up the break-even analysis example provided in the book.

· You may want to consider creating a workbook to illustrate break-even analysis.

SLIDE 30

· This provides Figure 1.7 on page 15.

· It is the break-even analysis for the movie poster example.

SLIDE 31

· This slide lists just a few of the many ways in which IT can be used to reduce fixed costs.

· The more fixed costs are reduced, the closer the break-even point moves to 0 (zero).

· We cover in detail throughout the book many ways to use IT to reduce fixed costs.

SLIDE 32

· This slide presents Figure 1.8 on page 16.

· It illustrates the effect on break-even of lowering fixed costs.

SLIDE 33

· This slide lists just a few of the many ways in which IT can be used to reduce variable costs.

· We cover in detail throughout the book many ways to use IT to reduce variable costs.

SLIDE 34

· This slide presents Figure 1.9 on page 17.

· It illustrates the effect on break-even of lowering variable costs.

SLIDE 35

· This slide lists just a few of the many ways in which IT can be used to increase revenue.

· We cover in detail throughout the book many ways to use IT to increase revenue.

SLIDE 36

· This slide begins the section on Porter’s Five Forces Model.

· It defines Porter’s Five Forces Model and identifies the five forces.

· Subsequent slides focus on each force.

SLIDE 37

· This slide presents Figure 1.10 on page 19.

· It graphically depicts the five forces model.

SLIDE 38

· This slide defines and describes buyer power as one of the five forces within Porter’s Five Forces Model.

SLIDE 39

· This slide defines two very important concepts – competitive advantage and first-mover advantage.

· The point here is that no competitive advantage is ever permanent.

· Organizations must constantly seek out new competitive advantages.

SLIDE 40

· This slide defines and describes supplier power as a force within Porter’s Five Forces Model.

· It also includes Figure 1.11 on page 21 which illustrates how organizations have to deal in opposite ways with both buyer and supplier power.

SLIDE 41

· This slide defines and describes the threat of substitute products or services as a force within Porter’s Five Forces Model.

· It also defines switching costs and provides examples of switching costs that can reduce the threat of substitute products or services.

SLIDE 42

· This slide defines and describes the threat of new entrants as a force within Porter’s Five Forces Model.

· It also defines entry barriers and provides an example of an entry barrier that can reduce the threat of new entrants.

SLIDE 43

· This slide defines and describes the rivalry among existing competitors as a force within Porter’s Five Forces Model.

SLIDE 44

· This slide begins the discussion of Porter’s three generic strategies and two other business strategy development frameworks.

· It also provides Figure 1.12 on page 23 which graphically illustrates Porter’s three generic strategies.

SLIDE 45

· This slide defines and describes overall cost leadership as one of Porter’s three generic strategies.

· It also provides several examples.

SLIDE 46

· This slide defines and describes differentiation as one of Porter’s three generic strategies.

· It also provides several examples.

SLIDE 47

· This slide defines and describes focus as one of Porter’s three generic strategies.

· It also provides several examples.

SLIDE 48

· This slide introduces and defines the RGT framework.

· It is a good tool because it requires organizations to think about how IT dollars are allocated to various strategies.

SLIDE 49

· This slide discusses the RGT framework in more detail.

SLIDE 50

· This slide presents Figure 1.13 on page 26.

· It illustrates how organizations have been spending their IT dollars over the past 10 years according to the RGT framework.

· Notice the general decline in allocated dollars to “transform.”

SLIDE 51

· This slide illustrates how Porter’s three generic strategies and the RGT framework are similar.