Information technology: The set of methods or techniques for acquiring, organizing, storing, manipulating, and transmitting information
An information system is a system for acquiring, organizing, storing, manipulating, and transmitting information.
Management information system(MIS): A specific form of IT that managers utilize to generate the specific, detailed information they need to perform their roles effectively
As long as there have been organizations, information systems have existed. Before the computer age, most information systems were paper based.
The rapid advances in the power of information technology are critical to organizations.
a. Those organizations that have not adopted new IT, or have done so ineffectively, cannot remain competitive with those that do.
Managers need information for three reasons: to make effective decisions, to control the activities of the organization, and to coordinate the organization’s activities.