Itm 090906

09.09.06 – IT for Management Binary – A Number system with base 2 Computers functions in two forms: 1. Analog 2. Binary Classification of computers:

1. 2. 3. 4. 5.

On the basis of generation Size – Mini, mainframe, super, desktop Usage (Deployment) Type of Chip (Intel, AMD, Motorola) Price / Cost (Final determinant)

What IT can do for management? – Support / Enabler / Driver IT is a Pilot less Train: Future CEO has to be a technologist Organization Control: Production  Finance  Marketing  Operations  IT * Powered by technology: Banks, ATM, Call Center’s Internet & Mobile Phones -Voice Recognition of threat to BPOs IPod: Expression through technology - Don’t learn to indulge, learn to deny (w.r.t. technology) - Denial gives the power of concentration. Deny unreasonable demands. BIRTH of computers: Need for calculation in wars. Philosophically, for self-replacement. Ability and Power is in the mind. We need computers because we are lazy. Most management (CEOs) have used technology, but have neither understood it nor mastered it. USES of technology:   

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To improve efficiency - removes limitations (sadness, fatigue, motivation) Reduce cost Competitive edge & connectivity To remove dependency on resources & corruption i.e. recognize failure Saves time Reliability Integration Convenience Decision support Get better Return on Investment Reduce paper work

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Real time information Service to different customers Institutionalize the knowledge Keeping a check on Organization’s objective Sharing information with society Standardization Stronger Control Facilitates Data Storage Forecasting Removes repetitive tasks Reduces human labor Supplements human skills