1-2 What is an information system? How does it work? What are its management, organization, and technology components? Why are complementary assets essential for ensuring that information systems provide genuine value for organizations? Explain the differences between informa- tion and data. Why is the former essential to the latter? Describe the three activities in an informa- tion system that produce the information that organizations need. Explain why organizations have a struc- ture composed of different levels and specialties. Describe how the parts of an organization's culture can be found embedded in its infor- mation systems. Describe the features of an organization's information value chain. Based on what you have read, identify the key elements of organizational and man- agement capital.