The Modern Organization Functioning in a Global Environment

A business process is a collection of related activities that produce a product or a service of value to the organization, its business partners, and/or its customers. A process has inputs and outputs and its activities can be measured. A management technique that includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes called Business process management.

Information Systems, Concepts and Definitions: one of the primary goals of information system is to economically process data into information and knowledge. Data Item is elementary description of things, events, activities and transactions that are recorded, classified and stored but are not organized to convey any specific meaning. Information is data organized so that they have meaning and value to the recipient. Knowledge is data and/or information organized and processed to convey understanding, experience, accumulated learning and expertise as they apply to a current problem or activity. Business Pressure is the business environment is the combination of social, legal, economic, physical, and political factors that affect business activities. Significant changes in any of this factor are likely to create business pressure on the organization. The three types of business pressures faced are, market, technology, and societal pressures.