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Ch 1-4 Vocab
Management and Using Information Systems
97
Management
Undergraduate 2
10/03/2011

Additional Management Flashcards

 


 

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Term
Information Systems Strategy Triangle
Definition
relates BUSINESS STRATEGY with IS STRATEGY and ORGANIZATIONAL STRATEGY
Term
Alignment
Definition
situation in which a company's current and emerging business strategy is enabled, supported, and unconstrained by technology
Term
Sychronization
Definition
Technology not only enables buiness strategy but also anticipates and shapes future business strategy
Term
Convergence
Definition
Exhibiting a state in which business strategy and technology strategy are intertwined and the leadership team members operate interchangeably
Term
Strategy
Definition
coordinated set of actions to fulfill objectives, purposes, and goals
Term
Mission
Definition
clear & compelling statement that unifies an organization's effort and describes what the firm is all about (i.e. its purpose)
Term
Business Strategy
Definition
plan articulating where a business seeks to go and how it expects to get there
Term
Porter's Generic Strategies
Definition

Three Primary strategies for ACHIEVING COMPETITIVE ADVANTAGE:

 

COST LEADERSHIP

DIFFERENTIATION

FOCUS

Term
Cost Leadership
Definition
Organization aim's to be the lowest-cost producer in the marketplace
Term
Differentiation
Definition
The organization qualifies its product or service in a way that allows it to appear unique in the marketplace
Term
Focus
Definition
allows an organization to limit its scope to a narrower segment of the market and tailor its offerings to that group of customers
Term
Shareholder Value Model
Definition
holds that the TIMING of the use of SPECIALIZED KNOWLEDGE can create a differentiation advantage as long as the knowledge remains unique
Term
Unlimited Resources Model
Definition

utilizes a large base of resources that allows an organization to outlast competitors by practicing a differentiation strategy.

DEEP POCKET STRATEGY

short term advantage only

Term
Hypercompetition
Definition

the speed and aggressiveness of the moves and countermoves in any given market create an environment in which advantages are rapidly created and eroded.

See D'Aveni's hypercompetition model (7 S's)

Term
D'Aveni's Disruption Framework
Definition

Signalling strategic intent

superior stakeholder satisfaction

shifting rules of competition

positioning for surprise

positioning for speed

strategic soothsaying

simultaneous and sequential strategic thrusts

Term
Organizational Strategy
Definition
Organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes
Term
Business Diamond
Definition

identifies the crucial components of an organization's plan as its

BUSINESS PROCESSES

TASKS & STRUCTURES

MANAGEMENT & MEASUREMENT SYSTEMS

VALUES & BELIEFS

Term
Managerial Levers
Definition

used by decision makers to effect changes in their organizations

ORGANIZATIONAL VARIABLES

CONTROL VARIABLES

CULTURE VARIABLES

Term
IS Strategy
Definition
plan an organization uses to provide information services.
Term
Information Systems Strategy Matrix
Definition

relates the 4 infastructure components and the other resource considerations that are key to the IS Strategy:

HARDWARE
SOFTWARE
NETWORKING
DATA 

Term
Information Resources
Definition
the available data, technology, people, and processes within an organization to be used by the manager to perform business processes and tasks
Term
IT asset
Definition
anything, tangible or intangible, that can be used by a firm in its processes for creating, producing, and/or offering its products
Term
IT capability
Definition

something that is learned or developed over time for the firm to create, produce, or offer its products.

Makes it possible for the firm to use its IT assets effectively.

Term
Web 2.0
Definition
Term given to the Internet and its applications that support collaboration, social networking, social media, RSS, mashups, and a number of other information sharing tools
Term
3 Major categories of IT capabilities
Definition

TECHNICAL SKILLS
IT MANAGEMENT SKILLS

RELATIONSHIP SKILLS 

Term
IS Infastructure
Definition

Base foundation of the IT portfolio shared through the firm

(hardware, software, network, data, web based services)

Term
Information Repository
Definition
Data that is logically related and organized in a structured form accessible and usable for decision making purposes
Term
Technical Skill
Definition
Ability applied to designing, developing, and implementing information systems
Term
IT Management Skills
Definition
Ability to manage IT function and IT projects
Term
Relationship Skills
Definition
Ability of IS specialists to work with parties outside the IS department
Term
Network effects
Definition
the value of a network node to a person or organization in the network increases when another joins the network
Term
Porter's 5 competitive forces model
Definition

major influences in a firm's competitive environment:

POTENTIAL THREATS OF NEW ENTRANTS

BARGAINING POWER OF BUYERS
BARGAINING POWER OF SUPPLIERS

THREAT OF SUBSTITUTE PRODUCTS 

 

Term
Porter's Value chain model
Definition

addresses activities that create, deliver, and support a product or service.

PRIMARY ACTIVITIES

SUPPORT ACTIVITIES

*suggests that competitions stems from LOWERING THE COSTS TO PERFORM ACTIVITIES & ADDING VALUE TO A PRODUCT OR SERVICE SO BUYERS WILL PAY MORE

Term
Barriers to Entry
Definition
Create a stronghold by offering products or services that are difficult to displace in the eyes of customers based on apparently unique features
Term
Switching costs
Definition

Make it less attractive for customers to purchase from competitors

*information resources can build switching costs*

Term
Primary Activities
Definition
relate directly to the value created in a product or service
Term
Support Activities
Definition
make it possible for the primary activities to exist and remain coordinated
Term
Customer Relationship Management (CRM)
Definition

A coordinated set of activities designated to learn more about a customers' needs and behaviors to develop stronger relationships with them and to enhance their value chains.

Management activities performed to obtain, enhance relationships with, and retain customers.

Term
Supply Chain Management (SCM)
Definition
an approach that improves the way a company finds raw components it needs to make a product or service, manufactures that product or service, and delivers it to customers
Term
Resource-based view (RBV)
Definition

view maintains that competitive advantage comes from the information and other resources of the firm.

Concentrates on what adds value to the firm.

Term
Strategic Alliance
Definition
an interorganizational relationship that affords one or more companies in the relationship a strategic advantage
Term
Negotiation Stage
Definition
individuals in two or more companies talk with one another and try to understand what each individual is seeking--both as a representative of a company and also as a person with individual goals
Term
Commitment Stage
Definition
Formal or informal agreements tha call for one party to deliver a product or service and to receive payment in return
Term
execution stage
Definition
the product is delivered and payment is received
Term
assessment stage
Definition
both parties assess what happened during negotiating, whether successful, whether worth repeating
Term
co-opetition
Definition
strategy whereby companies cooperate and compete at the same time with companies in its value net
Term
value net
Definition

company

competitors

complementors

customers

suppliers

Term
Organizational Strategy
Definition

the organization's design &

managerial choices that define, set up, coordinate, and control work processes

Term
4 primary components of an organization
Definition

Business Processes

Tasks & Structures

Management and Measurement Systems

Values & Beliefs

Term
Decision Rights
Definition
indicate who in the organization has the responsibility to initiate, supply information for, approve, implement, and control various types of decisions
Term
Formal reporting relationships
Definition

structure set up to ensure coordination among all units within the organization;

reflects allocation of decision rights

Term
Informal Networks
Definition
Mechanisms, such as ad hoc groups, which work to coordinate and transfer information outside the formal reporting relationships
Term
Data
Definition
the facts collected, stored, and used by an organization
Term
Planning
Definition
The processes by which future direction is established, communicated, and implemented
Term
Performance measurement and evaluation
Definition
set of measures that are used to assess success in the execution of plans and the processes by which such measures are used to improve the quality of work
Term
incentives
Definition
monetary and nonmonetary devices used to motivate behavior within an organization
Term
Values
Definition

set of implicit and explicit beliefs that underlies decisions made and actions taken;

reflects aspirations about the way things should be done

Term
hierarchical structure
Definition

organizational form based onthe concepts of division of labor, specialization, and unity of command.

Decision rights are highly specified and centralizes.

Middle Managers

Term
Functional Form
Definition
structure that groups common activities together
Term
divisional form
Definition
cuts across functional lines and, instead, organizes according to outputs.
Term
Flat Organizational structure
Definition

decision making is centralizes

power residing in owner or founder

respond quickly

decision rights may not be clearly defined

Term
Matrix Organizational Structure
Definition

assigns workers to two or more supervisors in an effort to make sure multiple dimensions of the business are integrated

Each supervisor directs a different aspect of an employee's work

Frustrating or Confusing

Term
Networked Organizational Structure
Definition

Both Flat and Hierarchical

Formal and informal communication networks

highly decentralized decision making rights

utilize distributed information and communication systems

share knowledge and experience

Term
T-Form Organization
Definition

technology based/orientted

work is coordinated automatically

Technology integrated with all components of the business

Term
Management Control Process
Definition

Data Collection

Evaluation

Communication

Term
culture
Definition
shared set of values and beliefs about what is desirable and undesirable in a community of people
Term
beliefs
Definition
perceptions that people hold about how things are done in their community
Term
values
Definition
reflect the community's aspirations about the way things should be done
Term
GLOBE
Definition
Global Leadership and Organizational Behavior Effectiveness research program
Term
GLOBE dimensions
Definition

uncertainty avoidance

power distance

collectivisom 1:  societal collectivism

collectivism 2: In-Group collectivism

General Egalitarianism

assertiveness

future orientation

performance orientation

humane orientation

Term
ROWE
Definition

Results Only Work Environment

flextime strategy best buy

Term
virtual organization
Definition

structure that makes it possible for individuals to work for an organization and live anywhere

NETWORKED (everyone has access to everyone else's work)

Term
Electronic Mail
Definition

E-Mail

a way of transmitting messages over communication networks

Term
Mailing List Server
Definition

Users subscribe

when a user sends a message to the server a copy of the message is sent to everyone on the list

Term
Intranet
Definition

comprised of information used EXCLUSIVELY with A company and unavailable to the general public via the internet

(i.e. MyNova)

Term
Instant Messaging (IM)
Definition
Internet Protocol (IP) based application that provides convenient communication between people using a variety of different device types, including computer-to-computer and mobile devices
Term
Voice Over Protocol (VoIP)
Definition
method for taking analog and audio signals and turning them into digital data that can be transmitted over the internet
Term
Video Teleconferencing
Definition
set of interactive telecommunication technologies which allow two or more locations to interact via two-way video and simultaneous audio
Term
Unified Communications (UC)
Definition
evolving communications technology architecture which automates and unifies all forms of human and device communications in context and with a common experience
Term
Really Simple Syndication (RSS)
Definition
refers to a structured file format for porting data from one platform or information system to another
Term
Extensible Markup Language
Definition
XML
Term
Virtual Private Network (VPN)
Definition
private network that uses a public network such as the Internet to connect remote sites or users
Term
Secure Socket Layer (SSL)
Definition
security authentication
Term
File transfer
Definition
transferring a copy of a file from one computer to another on the Internet
Term
Social Networking Site
Definition
Web-based service that allows its members to create a public profile with their interests and expertise, post text and pictures and all manner of data, list other users with whom they share a connection, and view and communicate openly or privately within the system
Term
virtual world
Definition
computer-based simulated environment intended for its users to inhabit and interact via avatars
Term
Web Logs
Definition

(BLOGS)

online journals that link together into a very large network of information sharing

Term
Wiki
Definition

software that allows users to work collaboratively to create, edit, and link web pages easily

those with access to the wiki can contribute or modify the content

Term
Groupware
Definition
software that enables group members to work together on a project, even from remote locations, by allowing them to simultaneously access the same files
Term
Electronic Employmee Monitoring
Definition
Replaces direct supervision by automatically tracking certain activities
Term
Telecommuting
Definition
work arrangements with employers that allow employees to work from home, at a constomer site, or from other convenient locations instead of coming into the corporate office
Term
Mobile workers
Definition
work from wherever they are
Term
Offshoring
Definition
foreign outsourcing of software development and computer services
Term
Virtual Teams
Definition
geographically and/or organizationally dispersed coworkers that are assembled using a combination of telecommunications and information technologies to accomplish an organizational task
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