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Introduction Understanding of Information System WHAT IS INFORMATION SYSTEM Information System (IS) defined by Kenneth C. Laudon and Jane P. Laudon as a set of interrelated components that collect (or receive), process, store and distribute information to support decision -making and control in an organization. (Laudon 2004,) This definition of IS illustrates the function of it as providing the information for decision-making and control in an organization through processing the collected data and distributing the produced information. It may also help managers and workers analyze problems, visualize complex subjects, and create new products. With the growth of the Internet, the economic globalization and the rise of information economics, information system plays a more and more important role in the field of business and management. The fast development of Internet technology also accelerates the application of new business models and ways of distributing knowledge. Because of furious competition within the world's business environment, companies...

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