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An Integrated Information Network Refers to a Computerized System with a Common

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An integrated information network refers to a computerized system with a common database linking all areas of the organization such as accounting, inventory control, design, marketing, production, etc.


Definitions:

Technology Utilization

The effective use of technology tools and systems to improve efficiency, productivity, and processes in various domains.

Network Structures

Organizational designs that emphasize decentralized, flexible arrangements of individuals and teams, often connected through technology.

Reduced Overhead

The action or effect of decreasing indirect costs associated with running a business, such as administrative expenses, utilities, and rent.

Operating Efficiency

Refers to the ability of a business to deliver services or products in a cost-effective manner while maintaining high quality.

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