Management Information Systems: Outstanding Learning Attainment.

business model describes how a company produces, delivers, and sells a product or service to create wealth. Information technology consists of all the hardware and software that a firm needs to use in order to achieve its business objectives. Information system can be defined technically as a set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization. Data in contrast, are streams of raw facts representing events occurring in organizations or the physical environment before they have been organized and arranged into a form that people can understand and use Input captures or collects raw data from within the organization or from its external environment Processing converts this raw input into a meaningful form. Output transfers the processed information to the people who will use it or to the activities for which it will be used. Feedback