Information system theory Essay

development system system describes about the theoretical knowledge of selective information processor sciences. It is system that process the knowledge related to a break danceicular study. The information system theories effectively contribute in creating, building, compiling, organizing and transferring data into the information to make fail results from the research. There be several IT theories that can be used to get good outcomes such as agency theory, game theory, organizational information bear upon theory and knowledge-based theory of the firm (Lerner, 2004). The data, information and knowledge are quite similar words that are used in the firm. All these words fetch different meaning due to their use in the IT theories (Nickerson & Zenger, 2004). Data refers to the records that are used to refer the statistical observation and collection of components. Thus, data is the collection of license that is used to record for the purpose of firm. On the other hand, inform ation is the process that is used in different forms. Generally, information is considered as the meaningful data that are appropriately converted and managed by the organizational managers with the use of conversion process. It is perceived as potentially signifying something and a process of informing that is used to develop sustainable resources. At the same time, knowledge describes about what someone knows, what they believe etc. intimacy is the relationship between data and its elements that are collected from the information. Thus, knowledge is square-toed collection of information that is useful for the organizational purpose to attain competitive advantage and superior performance. In a real world situation, it can be described that when anyone memorizes any information, then it combines the knowledge (Liew, 2007). Knowledge also has useful meaning for the information that is settled in the mind of a human. In computer phrasing, all the application contains stored knowled ge that is exercised by applicants. From the list of IT theories, knowledge-based theory of the firm is selected as an IT theory. This theory contains themost important strategic resource of the firm that is information. Information is the processed data that is converted into the data to use in a firm. The supporter of this theory argued that it is a quite difficult and socially complex theory to sustain competitive advantages and superior corporate performance from the market (Leonard & Swap, 2005). This theory is based on the heterogeneous knowledge and information of the firm. In this theory, the firm to pile strategic actions effectively uses knowledge. Information is gathered by the organization from the organizational people.The data is quite applicable in the knowledge-based theory of firm, because data is the important part of the organizational processes. These data are used by the organization to make identity, policies, routines, documents, systems for the organization and its employees. The data is recorded and reported by the organizational people (Leonard & Swap, 2005). The subordinates raise this data to its superior that is maintained by the top managers. For example, all the firms use the financial and accounting data to take further data. Strategic management is some other way that develops and expands the resource-based view of the firm (Levinson, 2007). Thus, it requires the data as well as information to improve the knowledge based on the resources. All three harm are different from each other due to use in the knowledge based management theory. It is because knowledge can be memorized, but data cannot be memorized since it is not properly managed by anyone. The knowledge provides the effective results by applying knowledge-based theory of firm. At the same time, organization uses the information by converting organizational data into information form (Liew, 2007).References1. Leonard, D. & Swap, W. (2005). The Knowledge Coach. HBS Wo rking Knowledge. Retrieved March 6, 2012 from http//hbswk.hbs.edu/item/4562.html.2. Lerner, V.S. (2004). Introduction to information systems theory concepts, formalism and applications. International Journal of Systems Science archive, 35 (7), 1-10. 3. Levinson, M. (2007). Knowledge Management Definition and Solutions. Retrieved March 6, 2012 fromhttp//www.cio.com/article/print/40343. 4. Liew, A. (2007). Understanding Data, Information, Knowledge And Their Inter-Relationships. Journal of Knowledge Management Practice, 8 (2), 1-8. 5. Nickerson, J.A. & Zenger, T.R. (2004) A Knowledge-Based Theory of the Firm The task Solving Perspective. Organization Science 00 (0), 1-16.