Information is organized data that can influence one's decisions, choices, and behaviors. Organizations need to have effective information technology systems and successful information management, so that managers have the knowledge they need to make good business decisions. This can help a company achieve the first-mover advantage that lets them be the first in an industry to use new information technology to substantially lower costs or to differentiate a product or service from that of competitors. This can lead to a sustainable competitive advantage. Business managers are exposed to reams of information every day, some useful and some not, which in turn impacts the actions they take, the behaviors they exhibit, and the decisions they make. This course discusses how information has changed in recent decades, how it helps companies gain a competitive advantage, and why effective information management is necessary.