In this chapter, the learning objectives are: Understand the concept of a system and how it relates to information systems; explain why knowledge of information systems is important for business professionals and identify five areas of information systems knowledge they need; give examples to illustrate how business applications of information systems can support a firm’s business processes, managerial decision making, and strategies for competitive advantage. | Foundations of Information Systems in Business Chapter 1 Explain why knowledge of information systems is important for business professionals and identify five areas of information systems knowledge they need. Give examples to illustrate how the business applications of information systems can support a firm’s business processes, managerial decision making, and strategies for competitive advantage. Learning Objectives Learning Objectives Provide examples of several major types of information systems from your experiences with business organizations in the real world. Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business. Learning Objectives Provide examples of the components of real world information systems. Illustrate that in an information system, people use hardware, software, data and networks as resources to perform input, processing, output, storage, and control . | Foundations of Information Systems in Business Chapter 1 Explain why knowledge of information systems is important for business professionals and identify five areas of information systems knowledge they need. Give examples to illustrate how the business applications of information systems can support a firm’s business processes, managerial decision making, and strategies for competitive advantage. Learning Objectives Learning Objectives Provide examples of several major types of information systems from your experiences with business organizations in the real world. Identify several challenges that a business manager might face in managing the successful and ethical development and use of information technology in a business. Learning Objectives Provide examples of the components of real world information systems. Illustrate that in an information system, people use hardware, software, data and networks as resources to perform input, processing, output, storage, and control activities that transform data resources into information products. Why Study Information Systems? Information technology can help all kinds of businesses improve the efficiency and effectiveness of their business processes, managerial decision making, and workgroup collaboration, thus strengthening their competitive positions in a rapidly changing marketplace. Why Study Information Systems Internet-based systems have become a necessary ingredient for business success in today’s dynamic global environment. Information technologies are playing an expanding role in business. Case #1: Athens Olympics Network What makes the Olympic Games a unique project is that the athletes aren’t going to stop running just because the server does. Major Components: Games Management System (GMS) Information Diffusion System (IDS) Case #1: Athens Olympics Network GMS: Managed access accreditations for the games IDS: Collected and distributed event results and rankings to press agencies and certain websites Live .