Vikas Gadre TAB Combined PDFs
Vikas Gadre TAB Combined PDFs
in Business
Lecture 1
Key Questions
Why are information systems so
essential for running business?
What is an information system?
How information systems are
transforming business?
What is digital firm and digital
transformation ?
What is IT strategy?
2
Modern organisation
Organisations are a collection of
people with shared goals.
Modern organisation's have to sense
and respond to information
IT enabled
Networked
Geographically dispersed
Knowledge organisation
5
Why IS is essential for running
business
Globalisation challenges and
opportunities
Flat world
Survival and achieving strategic
objectives of the firm
6
How is the new information
system transforming Business
7
How is the new information
system transforming Business
8
How is the new information
system transforming Business
Technology
Cloud
Mobile
Big Data
Management
Online collaboration, Social platforms
AI
Virtual meetings
9
How is the new information
system transforming Business
Organisations
Social business
Telework, work from home
Co creation of business value
Enhancing employee collaboration during the
COVID-19 outbreak
Ensuring the right flow of information
Maintaining employee productivity during the crisis
Enabling leaders for success
Planning for business continuity
1
ENVIRONMENT
Suppliers Customers
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Stockholders Competitors
What is Digital firm
A digital firm manages its significant
business process and relationships with
its stakeholders through digital means
Sense and respond to environment
rapidly
Time shifting and space shifting
Key corporate assets managed digitally.
Offer opportunities for flexible global
organisations and management
13
Digital firm Transformation
Why Transform? How?
Digital tools- Analytics, Mobile tools,
Cloud platforms, Social media, IOT
Protection of key corporate assets- IPR,
customer intimacy, core competencies
,Financial and Human assets.
Digital business agility- Hyper-
awareness, Fast execution, Informed
decision making
14
IT for strategic objectives
usiness Strateg
Objectives
sinass Proce Software
B,usiness Information
Frm System
Organisations & IT are dynamic
IT systems , people
Organisations
Effects Of Competition And
Organisational Traits
Information systems are often driven
by organisations competition strategy
Shared set of values and beliefs
within the organisation determine
work culture. It affects choice of
information systems by organisation.
Organisational structure – hierarchical
or matrix determines workflows in
information systems
22
Implementing Information Systems
Success of an information system
implementation will depend on the
competitive environment, the strategy
the organisation , the culture within
the organisation and the structure of
the organisation
23
IT systems depend upon
Competition Strategy
Culture Structure
Information Systems in
organisations
Computers and information technology (IT)
are the ingredients of modern information
systems (IS)
Information systems are collections of
computers , networks, software and people
who create, store, modify and distribute data
and information.
IT is understood as the artefacts such as
computer devices, software and network
devices. However IS is constituted by the
artefacts of technology as well as people and
the organisation that use them
2
Role of the Internet
Internet is a massive network of
networks.
Information travels over the internet via a
variety of languages known as protocols.
World wide web is a way of accessing
information over the internet. A browser
is a program that shows us the web
Web was designed to provide public
access to data.
The internet provides access to data and
key services, though it also poses
security challenges 2
Role of the Internet
Internet changes everything
Free email- Yahoo, Google
Interaction with large number of
customers
E commerce
Smart phones , Handheld devices
Sensors connected to machines ,
homes
2
First-order and second order
effects
Implementation of IS leads to first order,
second order and third order effects that
are visible over time.
First-order effects are direct
consequences of introduction of
information systems – increased speed,
efficiency
Second order effects are visible and
measurable only after few years –
process improvements
Third order effects – large scale society
level consequences.
2
Challenges For The Manager
What information systems to build
How much to spend on information
systems
Level of capability to be created with
information systems-IS and people
How fast and accurate should the
services be
What is the security level required
Should information systems be on cloud
29
Technology Roadmap For The
Organisation
What are the horizon for desktop computers
and what will replace them
Which proprietary software in the
organisation should be replaced by free/open
source software
How should the current enterprise
applications be upgraded and expanded
Which current networking components being
used in the organisation are going to phase
out
What will be the future requirements for
networking and telecommunication
30
Group work:
What difference does the internet
make for sales/marketing/
finance/logistics/HR function in the
modern organisation.
What are the main questions about
information system that an
sales/marketing/ finance/logistics/HR
manager has to answer
31
Technology Applications
in Business
Lecture 2
Strategic uses of information
technology
2
Innovation Promote growth
Strategic uses of information
technology
Agile 3
Knowledge sharing
Strategic uses of information
technology
Lower costs
Use IT to substantially reduce the cost of business
processes
Use IT to lower the cost of customers or suppliers
Differentiate
Develop new IT features to differentiate products
and services
Use IT features to reduce the differentiation (
reduce advantages of competitors)
Use IT features to focus on products and services
4
as selected market niche
Strategic uses of information
technology
Innovate
Create new products and services that include IT
components
Develop unique new markets or market niche with
help of IT
Make radical changes to business processes with IT
that dramatically cut cost, improve quality, efficiency or
customer service or shorten time to market
Promote growth
Use IT to manage regional and global business
expansion
5
Use IT to diversify and integrate into other products
Strategic uses of information
technology
Develop alliances
Use IT to create virtual organisations of
business partners
Develop into enterprise information systems
linked by the internet and extranets that
support strategy business relationships with
customers suppliers or contractors and others
Building a customer focused business
Value chain and strategic information systems
Becoming an agile company
Creating a virtual company
Building a knowledge creating company
6
Developing business/IT strategies
Strategic business visioning
Understanding the Who are our customers
customer How are our customers priorities shifting
Who should be our target customer
How will he business help reach our target business
segments
Customer value How can we add value for the customer with the business
services
How can you become the customer’s first choice
Competition Who are real competitors
What is our toughest competitor’s business model
What are they doing a business and e-commerce
Are competitors potential partners, suppliers or customers in
an e-business venture
Value chain How would we designed the value chain if you are just
starting in a business
Who would be our supply chain partners, what roles should
we play. 7
Developing business/IT strategies
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Discussion-social Media Influence
Social media and retail shopping .
Changing scenario.
Social media’s impact on society. What
are the two changes you will have to
make to survive without social media.
How your expectations from customer
service have changed in last 3 years?
During Covid period ?
How does social media influence crowd
funding?
23
Business Implications
Web technology helps managers identify
strategic opportunities/threats as well as
develop ways for sustainable
competitive advantage
Social media apps have shifted locus of
control for mass communication from
large organisations to one shared with
individual users. People and
organisations control both message and
medium
24
Business Implications
Challenge for business today is to
change mindsets and develop strategies
to take advantage of social media.
Companies need to develop
sophisticated strategies for listening and
responding to their consumers
Due to low cost and ease of use, social
media is a powerful force for
democratisation
25
Business Implications
In traditional media content goes from
business to the people whereas in social
media people create and control the
content
Social networking service (SNS): an
online platform or a website that allows
subscribers to interact and form
communities or networks based on the
real-life relationships, shared interests,
activities e.g. Facebook, YouTube
26
Web 2.0 Applications
Apps Descriptions
Social networking services (SNS) Online communities
Blogs Online journals
Mash ups/widgets/RSS Web apps that pull data from various sources
and display on another page to create new
functionality
collaboration
Knowledge
communicate management
30
Social Media Objectives
Increasing revenue and profit
Increasing organisational efficiency
Decreasing costs
Decreasing public relationship risks
Accelerating research and
development
Engaging customers and prospects in
problem solving or building
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Social Media Strategies 33
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Social Media Strategies
Social media strategy – know your
audience, their expectations &
preferences.
Customers want social media
personalised and not just promotions
Use external media platforms to engage
with customers , reinforce brand
messaging, influence opinions, provide
targeted offers , service customers
34
Social Media Strategies
Begin with foundation– define goal
Define and understand your target
audience
Build and execute social media
strategy-objectives, social media
channels to be used , content
strategy, roles, ownership,
governance , budget
Track , measure and adapt
35
Key Strategic Priorities to
Leverage Social Media
Listening – to gain valuable insights
Talking – develop message and communicate
with target audience
Energising – create and maintain
relationships with brand advocates
Supporting – deliver effective and convenient
service
Embracing – solicit new product ideas,
suggestions for improving customer
satisfaction
36
Why Social Media Is Different
User generated content – sharing of
views, photographs, music, video
Content control – users determine
what goes viral with no advertising
budget
Conversation – one to many
dialogues
Community – common values and
culture
37
Why Social Media Is Different
Categorisation by users – tagging
Real people – express individuality by
creation of online identities, create
personal brands
Constant updating – real-time dynamic
Content separated from form – users
can organise and display content (RSS
feed)
Equipment independence- – corning
glass
38
Social Media Measures
Conversions-No. of people who achieved a
desired result- paid, signed for trial etc
Leads—Potential conversions
Engagement- Total no of likes , share, comments
on your post
Reach- measure of the size of audience
Impressions- How many people saw your post
Funnels – paths that visitors take towards
converting
Bounce rate- % of visitors who land on your page
and immediately leave without viewing any other
page
39
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41
Technology Applications
in Business
Lecture 6
Key Questions
What opportunities and challenges
Social media poses for business
organisations?
What are social media strategies?
How does business engage with
consumers and partners using social
media technologies
How do you track and measure social
media activity
World Wide Web
World wide web – a network of
documents on the Internet called web
pages, constructed with HTML markup
language that supports links to other
documents and media (for example
graphics, video, audio et cetera)
Initially websites were primitive static
designs served as online billboards or
postcards
World Wide Web
Web 2.0: a term used to describe a
phase of World Wide Web evolution
characterised by dynamic webpages,
social media, mash up applications,
broadband connectivity and user
generated content.
Web 2.0 is also referred to as social
web.
World Wide Web
Social media: a collection of web
applications, based on web 2.0 technology
and culture, that allows people to connect
and collaborate with others by creating and
sharing digital content
Broadband refers to wide bandwidth
technologies that create fast, high-volume
connections to the Internet and World Wide
Web
World Wide Web
Web 1.0 – the early web Web 2.0 – the social web
2
Cloud computing
3
Cloud computing
Cloud computing is defined as a model for
enabling convenient, on demand network
access to a shared pool of configurable
computing resources (networks, servers,
storage, applications and services) that can
rapidly provisioned and released with
minimal management effort or service
provider interaction
4
Cloud computing
In simple terms
On demand: the server is already set up
it is ready to be deployed
Self-service: customer chooses what
they want, when they want
Scalable: customer can choose how
much he wants and ramp up if
necessary
Measurable: there is metering/reporting
so customer knows what he is getting
and when he is getting
5
6
8
Essential characteristics
On demand self-service
Broad network access
Resource pooling
Rapid elasticity
Measured service
9
Cloud deployment models
Public cloud
Private cloud
Community cloud
Hybrid cloud
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Application
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Identity
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13
Benefits of cloud
Flexibility
Disaster recovery
Automatic software updates
Capital expenditure free
Increased collaboration
Work from anywhere
Quick deployment
14
Cloud Computing Benefits
15
Limitations of cloud computing
Internet is backbone of computing
Cannot work in poor internet
connectivity
Security can be a issue
Lack of support can be a issue (SLA)
Downtime
16
Types of cloud
Public clouds are made available to
the general public by a service
provider who hosts the cloud
infrastructure
Private cloud is a cloud infrastructure
dedicated to a particular organization.
Private clouds allow businesses to
host applications in the cloud
privately.
17
Types of cloud
Hybrid clouds are composition of two or more
clouds (Private, community or public) that
remain unique entities but are bound
together offering the advantage is of multiple
deployment models
Community cloud is a multi-tenant cloud
service model that is shared among several
organizations and that is governed, managed
and secured, by all the participating
organizations or a third party managed
service provider
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Discussion Questions
Why selecting hardware and software
is an important management
decision? What issues should be
considered ?
Should organisations use SaaS for all
their software needs? Why not? What
are factors to make this decision?
What are the challenges of moving to
cloud?
23