Technology and its impact on business decisions.

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Describe the four components of an information system. Why is it important to consider each of them when designing and installing an information system?

Sample Solution

Technology and its impact on business decisions

Over the past few decades information systems have progressed to being virtually everywhere, even to the point where you may not realize its existence in many of your daily activities. An information system (IS) can be defined technically as a set of interrelated components that collect, process store, and distribute information to support decision making and control in an organization. Information systems can be viewed as having four major components: hardware, software, data, and people. Hardware is the tangible, physical portion of an information system. Computers, keyboards, disk drivers, and flash drives are all examples of IS hardware. Software comprises the sets of instructions that tell the hardware what to do. Data is a collection of facts. For example, your address and your phone number.

in the world, focusing their economy in the hydrocarbon since 1961 when the country became an oil exporter and moved rapidly from a poor to a rich country in the subsequent years (Business Insider, 2013). Sierra Leone has historically focused in unsustainable resources or assets that cannot be reused. In 1990, titanium represented USD $75 million, but after the rebels took control of mines the resource was halted temporarily, constituting a key factor for the considerable decrease in its economic growth in the previous years on the civil war in 1991 (Economy Watch, 2010).

Even though the framework as a ‘whole’ is clearly useful to combine it with other researches and theoretical basis, the statistical methodology of Collier and Hoeffler (2001) can be debated as there are countries in the Global South that are facing large-scale violence with the number of deaths that should appoint a civil war according to the greed theory. A great example of this disruption is Mexico, where the war on drugs have seen over 80,000 deaths due to organised crime related incidents since 2006 and 2,837 people were killed only in the first whole year of war (CNN Library, 2016).

Conclusion

It can be observed that the greed versus grievance framework is found in many cases of the Global South; however, conflicts and actors have turned into more complex structures and objectives, as well understanding the complexity itself of the new goals of states and institutions. After analysing the study cases, the greed versus grievance, the Collier and Hoeffler (2001; 2004) perspective where grievance model is less powerful as a motivation of civil wars, the Indonesian armed conflict allowed the existence of debate when justifying that feasibility overpasses the justice-seeking motivations as the grievances were the main driver in the four regions of the country. Linked to the greed concept, the grievance hypothesis supported by Frances Stewart (2008) was contradicted by the case in Sierra Leone where the contrasting new actors and the continuous natural-resource-control war ended up exemplifying a clear case of the greed perspective. Many other cases can prove that even though any of the theories of the framework could be seen, that does not mean they will function as a primary source to describe what is happening in large-scale armed conflicts, like mentioned in the case of Mexico. As the framework, or any of the factors by their own, can be very useful to understand the main driver

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