Question

5. Why are Information Systems Essential to the Business?

6. List and Explain each of the 5 Porter Competitive Forces.

8. List and describe the types of Information Systems

9. Explain what a CRM is and describe in detail the 5 ways in which they aid businesses.

10. What major ethical and societal concerns are created by widespread use of information technology?

Answer 1

**** as per Chegg guideline answering one question***

5. Why are Information Systems Essential to the Business?

Any business can be effective just when there is a predictable administration of authoritative and monetary information with proficient information systems. A compelling information system can entitle an association with better arranging, basic leadership and henceforth wanted outcomes.

1) Operational Excellence – businesses can continually improve the proficiency of their operations so as to accomplish higher benefits. They can do this by continually having the right measure of stock available so buyers can generally get the need they need.

2) New product services and business models – Information Systems assume a significant job for businesses in making new products and services. New business models can be made and these can portray how an organization produces, make and sell their products.

3) Customer and Supplier closeness – the better services an organization furnishes its buyers with more probable they are excessively returned to them and as result the more they will pay off the supplier hence making a decent association with the two gatherings.

4) Improved basic leadership – Information System makes it potentially for chiefs to utilize constant information when settling on a choice to consequently settle on better choices and not need to sit around searching for information.

5) Competitive advantage – if organizations accomplish any of these 6 motivations to utilize Information System they will commonly make a competitive advantage over their opponents.

6) Day to Day endurance – business put resources into these systems to make their employments as simple as conceivably. Example- Citibank acquainted the principal ATM machine with making it simpler for clients to get to their cash and to chop down lines in their banks.