Term
| access based strategic position |
|
Definition
| a strategic position that serves a subset of customers who differ from other customers in terms of factors such as geographic location or size |
|
|
Term
| accounting information system |
|
Definition
| a system that collects, records, stores, and processes data to produce information for decision makers. Has six components: people, procedures and instructions, data, software, information technology infrastructure, and internal controls and security measures. |
|
|
Term
|
Definition
| facts that are collected, recorded, stored, and processed by an information system to produce information. |
|
|
Term
| discretionary information |
|
Definition
| Information that is available only to certain internal users. |
|
|
Term
|
Definition
| Information required to conduct business with external parties (such as purchase orders and customer billings) |
|
|
Term
|
Definition
| Occurs when a decision or action of a subsystem is inconsistent with another subsystem or the system as a whole |
|
|
Term
|
Definition
| Is achieved when a subsystem achieves its goal while contributing to the organizations overall goal |
|
|
Term
|
Definition
| Data that has been organized and processed to provide meaning to the user. |
|
|
Term
|
Definition
| The state in which additional information cannot be used efficiently and has no marginal value. |
|
|
Term
|
Definition
| Eliminating duplicate recording, storage, reporting, and other processing activities in an organization. |
|
|
Term
|
Definition
| Striving to be the most efficient producer of a product or service. |
|
|
Term
|
Definition
| Activities by management designed to motivate, encourage, and assist officers and employees in achieving corporate goals and objective as effectively and efficiently as possible. |
|
|
Term
| needs based strategic position |
|
Definition
| Trying to serve most or all of the needs of a particular group of customers in a target market. |
|
|
Term
|
Definition
| Decisions that are concerned with the efficient and effective performance of specific task in an organization. |
|
|
Term
|
Definition
| Uses data warehouses and complex algorithms to forecast future events, bases on historical trends and calculated probabilities. |
|
|
Term
|
Definition
| Activities in the value chain that are performed to create, market, and deliver products and services to customers and provide post delivery service and support. |
|
|
Term
| product differentiation strategy |
|
Definition
| Adding features or services not provided by competitors to a product to be able to charge customers a premiums price. |
|
|
Term
|
Definition
| Decisions that require subjective assessment and judgment to supplement formal data analysis. |
|
|
Term
|
Definition
| Decisions that establish the organizations objectives and policies for accomplishing those objectives. |
|
|
Term
|
Definition
| Decisions that are repetitive, routine, and understood well enough that they can be delegated to the lower level employees of an organization. |
|
|
Term
|
Definition
| An extended system that includes an organizations value chain as well as its suppliers, distributors and customers. |
|
|
Term
|
Definition
| Activities in the value chain that enable the primary activities to be performed efficiently and effectively. Examples include administration, purchasing, and human resources. |
|
|
Term
|
Definition
| When an entire system or organizational activities is greater than the sum of each individual part. |
|
|
Term
|
Definition
| A set of interrelated components that interact to achieve a goal. |
|
|
Term
|
Definition
| A systems analysis principle that states that changes in subsystems cannot be made without considering the effect on other subsystems and the system as a whole. |
|
|
Term
|
Definition
| Nonrecurring and non routine decisions that require considerable judgment and intuition. No frame work or model exists to solve such problems. |
|
|
Term
|
Definition
| The linking together of all primary and support activities in a business. |
|
|
Term
|
Definition
| The benefit produced by the information minus the cost of producing it |
|
|
Term
| variety based strategic position |
|
Definition
| Producing or providing a subset of the industries products or services. |
|
|
