Download Sample Book Citations and more Assignments English in PDF only on Docsity! The United States, Germany, Japan and other industrial powers are being transformed from industrial economies to knowledge and information based service economies, whilst manufacturing has been mobbing to low wage countries. In a knowledge and information based economy, knowledge and information are the key ingredients in creating wealth. (Source: Laudon & Laudon 2002, Management information systems: managing the digital firm, Prentice Hall, New Jersey.) Modern Language Association (MLA): Laudon, Kenneth C., and Laudon, Jane P. Management information systems: managing the digital firm. Prentice Hall, New Jersey, 2002. American Psychological Association (APA): Laudon, K. C., & Laudon, J. P. (2002). Management information systems: organization and technology in the networked enterprise. Prentice Hall, New Jersey. Information systems make it possible for business to adopt flatter, more decentralized structures and more flexible arrangements for employees and management. Organisations are trying to become more competitive and efficient by transforming themselves intro digital firms where nearly all core business process and relationships with customers, suppliers and employees are digitally managed. (Source: Laudon & Laudon 2002, Management information systems: managing the digital firm, Prentice Hall, New Jersey.) Modern Language Association (MLA): Laudon, Kenneth C., and Laudon, Jane P. Management information systems: managing the digital firm. Prentice Hall, New Jersey, 2002. American Psychological Association (APA):