Technology and Entrepreneurship

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Part 1

Information technology and management information systems allow organizations, regardless of size, to communicate, collaborate, share information, make data driven decisions, and monitor all aspects of performance.

Imagine you have a friend who runs a small business and this person is interested in taking advantage of information technology and management information systems to take the business to the next level. Your friend has come to you to get some information to consider in the decision to pursue IT and MIS enhancements.

Select any two of the following three bullet points for your initial post.

  • Discuss specific ways information technology can benefit as well as negatively impact the business with respect to hardware, software, and trained staff.
  • Explain how a customer relationship management system can help businesses improve profitability.
  • From your own experience or a business setting of which you are aware, provide an example of a situation that demonstrates the importance of information technology in the efficient delivery of a product or service.

 

Part 2

Comment on the postings .Do you agree with their positions? Why, or why not. On below posting

Discuss specific ways information technology can benefit as well as negatively impact the business with respect to hardware, software, and trained staff.

“Information technology can improve a business in many ways, introducing new systems to increase your productivity, make it more accessible and easier for the customers, who could access a 24 hour chat live for example if they need information or have any questions; Also, IT would help coworkers communicate in any place or time making the business more flexible. However, information systems could have some disadvantages for the business; most part would be because of the hacker danger, people could try to steal the company’s data, or hack into their systems. Also, there could be additional costs to improve the system and more personnel training and regulations to insure nobody put the business at risk”.

 

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