User talk:Sam 084

Information System INFORMATION MANAGEMENT Five Main Resources: A manager is required to manage five main types of resources effectively: • Personnel • Material • Machines (including facilities and energy) • Money • Information (including data) INTEREST IN INFORMATION MANAGEMENT 1. Increasing complexity of business activity – International economy Firms of all sizes are subject to economic influences that can originate anywhere in the world. Such influences can be seen in the relative values of    the currencies of each nation, where purchases are made in those countries with the highest currency value. – Worldwide competition Competition exists on a worldwide scale. Its effects can be seen in the imports from foreign countries. – Increasing complexity of technology Technology is used everywhere in business. Examples are bar code scanners, computer based airline reservation systems, automated teller machines, factory robots ..etc. – Shrinking time frames All phases of business operations are performed more rapidly than ever