MISM2301 Session Slides - Course Introduction and Overview-Spring2025 -V2

INTRODUCTION TO MANAGEMENT INFORMATION SYSTEMS

Course: MISM2301Instructor: Guohou Shan, Assistant ProfessorLocation: Northeastern University

COURSE CONTENT & STRUCTURE

• Motivation for MIS: Understanding the rising need for efficient and effective information systems in organizations.

• Importance of Management Information Systems (MIS): Exploration of how MIS contributes to operational efficiency, decision-making, and competitive advantage in business.

• Overview of Course Syllabus and Schedule: Detailed outline of topics covered, assignments, and examination dates.

Definitions:

• Information: Data that has been processed into a meaningful format, enabling informed decision-making.

• Information Technology (IT): Refers to technology that supports the collection, storage, management, and communication of data.

• Information System: An organized system for collecting, storing, and disseminating information, which integrates technology, people, and processes.

• Management Information Systems (MIS): A specialized form of information system focused on providing management with the necessary tools and information needed for efficient decision-making and organizational management.

• Introduction to Course Meta-Framework: A conceptual framework that guides the structure of the course and highlights key areas of focus and learning objectives.

• Planning for Next Session: Preparing students for the continuation of learning by outlining expectations and requirements.

IMPORTANCE OF MIS

• IT Expense Level: Understanding budgeting and financial allocations toward IT can help organizations strategize for effective resource management.

• Global IT Spending Trends (2012 - 2025): Reports suggest substantial financial investments are anticipated, with a projection of IT expenses reaching upwards of $7 trillion by 2025, signifying the increasing reliance on technology in business environments.

• Information Security Spending: As cyber threats grow, global spending on information security is expected to see significant increases from 2017 to 2024, focusing on areas like application security, data privacy, and overall security measures to safeguard organizational assets.

• Digital Maturity & Financial Performance: Higher levels of digital maturity within organizations are correlated with better financial outcomes, such as an average annual revenue growth of 49% and higher net profit margins at 34%, highlighting the role technology plays in enhancing business performance.

• Role of Technology in Business Value: Technological advancements facilitate:

  • Real-time management and data-driven decision making.

  • Enhanced customer insights, targeted marketing, and personalized service offerings.

  • Innovations leading to new product development and service enhancements.

  • Better risk management strategies and automation of routine processes, effectively increasing operational efficiency.

FUTURE OF THE FIELD & JOB PROSPECTS

• Emerging Job Types: Predictions suggest that 65% of jobs for today's children will be in roles that do not currently exist, emphasizing the dynamic nature of the job market, particularly in technology.

• Automation Trends: By 2020, it is predicted that 85% of customer engagements will be automated, indicating a shift in workforce requirements and customer interaction models.

• Employment Data for MIS Concentration: Graduates specializing in MIS can anticipate:

  • Average Salary: $87,620

  • Median Salary: $86,500Employment rates remain strong, showcasing the high demand for professionals equipped with MIS skills.

• Quick Facts about Management Analysts:

  • 2023 Median Pay: $99,410/year

  • Job Outlook: Expected growth rate of 11% from 2023 to 2033, indicating robust demand for skilled analysts who can leverage information systems for organizational benefits.

COURSE LEARNING OBJECTIVES

• Skills Development: Focus on cultivating:

  • Systems Thinking: Understanding and articulating business needs through a holistic lens.

  • Design Thinking: Analyzing and improving interactions within information systems.

  • Strategic Thinking: Classifying and assessing the value chain relative to business information systems.

  • Risk Mitigation: Navigating ethical and legal considerations in information assurance.

• Knowledge Acquisition: Gaining insight into:

  • Types of IT architectures and their impacts on business operations.

  • Fundamental strategies for IT project and portfolio management.

  • Identifying both opportunities and threats posed by emerging technologies.

COURSE CLIMATE AND RULES

• Emphasis on maintaining professionalism, respect, and collaboration throughout the course.

• Students should consult the syllabus for detailed grading and participation criteria.

GRADING POLICY

• Assessment of student performance will be based on participation, assignments, and exams.

• Clear grading rubrics available on the course Blackboard site to facilitate transparency.

• No allowance for curving or extra credit.

COURSE SCHEDULE

Session Topics & Dates

• 01/07/2025: Course Introduction and Overview.

• 01/10/2025: In-depth discussions on Technology and Modern Enterprises.

• 01/14/2025: Exploration of Disruptive Technologies and adaptive strategies. (Continue with a comprehensive breakdown of session topics leading up to 4/15/2025, covering various key aspects of MIS and relevant technologies.)

TEXTBOOK INFORMATION

• Title: Information Systems Version 10.0

• Author: John Gallaugher

• Published: May 2024

• ISBN: 978-1-4533-4121-6

QUESTIONS

• Open floor for questions and discussions concerning the course content, encouraging an interactive learning environment.