Term
| What is an information System? |
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Definition
Group of componets that interact to produce information Include Hardware Software Data Procedures People |
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Term
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Definition
Management Information Systems Development and use of information systems that help buisnesses acheive goals and objectives |
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Term
| How Does IS differ from IT? |
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Definition
IT alone will not help an organization acheive its goals, it must be embedded into an information system to help accomplish objectives -technology must be combined with people IS will make IT useful |
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Term
| what new opportunities for IS are deveolping today? |
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Definition
Free data storage and free data transmission Online sales Online training |
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Term
| How can you create a strong password? |
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Definition
| keep it crazy, change it up, use different types of figures ya know!!! |
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Term
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Definition
| The number of transistors per square inch on an integrated chip doubles every 18 months |
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Term
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Definition
Collaboration is between two or more people working together toward a common goal result or product |
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Term
| Two Deminsions of Collaboration |
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Definition
-People and skills -Project Nature |
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Term
| How do teams use IS to communicate? |
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Definition
Information systems facilitate communications -Written -Verbal -Meeting |
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Term
| How do teams use IS to share resources? |
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Definition
Information systems can be used by teams to: -Configurate management systems -Workflow Control systems -knowlege management systems |
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Term
How do teams use IS to manage projects? |
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Definition
Information systems facilitate project managment team portals (teams share plans/calendars) Project management systems (scheduling stuff w/ dependencies) and databases |
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Term
"How did this stuff get here?" |
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Definition
| Business process must work together to obtain payment cover costs, and make profit! |
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Term
| What is a business process? |
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Definition
A business process is a network of
Activities
resources
facilities
information
and they must all interact to acheive busines function |
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Term
| What are componets of the business process? |
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Definition
Activities
Resources
Facilities
Information |
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Term
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Definition
| Knowlege Derived from data |
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Term
| 5 Characteristics of Good Information |
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Definition
Accurate
Timely
Relevant
Barely sufficient (waste of time for too much info)
worth its cost |
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Term
| What is the role of information in business process |
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Definition
| Consolidation of data leaving only relevant information. |
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Term
| How do information systems support business processes? |
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Definition
Automation of business activities
communicate
production
processes |
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Term
Ethics Egocentric Vs Empathatic thinking |
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Definition
Egocentric- doesnt take into account others views, implies unimportance of situation
Empathetic-Take into account feeling, Consider situation from others sides, work with others on problem that u have caused |
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Term
| How does organizational strategy determine infomation systems structure |
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Definition
| Organization systems exist to help organizations achieve their goals and objectives |
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Term
What are the 5 forces that determine industry structure |
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Definition
1. Barganing power of Customers
2. Threat of Substitutions
3. Barganing power of suppliers
4. Threat of new entrants
5. Rivalry |
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Term
| What is competative Strategy? |
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Definition
How an organization responds to the structure of its industry
PORTERS 4 STRATEGIES |
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Term
-What are Porters 4 Strategies |
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Definition
-Cost of leadership across industry
-Cost of leadership focused on particular industry segment
-Differentiation across industry
-Differentiation focused on particular industry segment |
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Term
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Definition
A network of value-creating activities
Consists of 5 primary activities and four support activites |
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Term
| How do value chains determine business processes |
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Definition
| To determine if the business processes create sufficient income that will cover more than their costs |
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Term
| How do information systems provide competative advantages |
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Definition
| tied into the 5 competative forces |
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Term
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Definition
| Information that is based on correct and complete data and that has been processed correctly as expected |
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Term
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Definition
| The aprt of a business process that transforms resources and information of one type into resources and information of another type; can be manual or automated |
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Term
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Definition
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Term
| Automated Information System |
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Definition
| An information system in which the hardware and software componets do most of the work |
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Term
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Definition
| A network of activities, resources, facilities, and information that interact to acheive some business function; sometimes called a ((business system)) |
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Term
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Definition
| ANOTHER TERM FOR BUSINESS PROCESS!!! |
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Term
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Definition
Knowlege Derived from data where data is defined as recorded facts or figures
data presented in a meaningful context |
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Term
| Just barely Sufficient information |
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Definition
| Information that meets the purpose for which it is generated, but just barely so |
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Term
| Manual Information System |
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Definition
| an information system in which the activity of the process information is done by people, without the use of an automated process |
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Term
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Definition
| Information that is appropriate to both the context and the subject |
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Term
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Definition
| Items of value such as inventory or funds, that are part of a business process |
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Term
| Worth Its Cost Information |
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Definition
| When an appropriate relationship exists between the cost of information and its value |
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Term
| Computer-based information system |
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Definition
| An information system that uses a computer |
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Term
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Definition
The five fundamental componets of an information system
-Computer Hardware
-Software
-Data
-Procedures
-People |
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Term
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Definition
| A group of componets that interact to produce information |
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Term
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Definition
| The products,methods, inventions and standards that are used for the purpose of producing information |
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Term
| management Information Systems (MIS) |
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Definition
| An information system that helps business acheive their goasls and objectives |
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Term
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Definition
| A law, created by Gordon Moore, stating that the number of transisters per square inch on an integrated chip doubles every 18 months. Moores prediction has proved generally accurate in the 40 years since it was made. Sometimes this law is stated that the performance of a computer doubles every 18 months. While not strictly true, this version gives the gist of the idea. |
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Term
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Definition
| As part of the 5 component framework, one of the five fundamental components of an info system; includes those who operate and service the compters, those who maintain the data, those who support the networks, and those who use the system. |
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Term
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Definition
| Instructions for humans. One of the 5 fundamental components of an information system. |
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Term
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Definition
| Instructions for computers. One of the five fundamental components of an information system. |
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Term
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Definition
| A password with the following characteristics, seven or more characters, does not contain user's user name, real name, or company name; does not contain a complete dictionary word, in any language, is different from the user's previous passwords, and contains both upper and lower case letters, number, and special characters. |
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Term
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Definition
| A group of components that interact to achieve some purpose. |
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Term
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Definition
| The strategy an organization chooses as the way it will succeed in its industry. According to Porter, there are four fundamental competitive strategies: cost leadership across an industry or within a particular industry segment, and product differentiation across an industry or within a particular industry segment. |
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Term
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Definition
| Model, proposed by Michael Porter, that assesses industry characterists and profitability by means of five competitive forces-bargaining power of suppliers, threat of substitution, bargaining power of customers, rivalry among firms, and threat of new entrants. |
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Term
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Definition
| process interactions across value chains. Linkage are important sources of efficiencies and are readily supported by information systems. |
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Term
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Definition
| The difference between value and cost |
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Term
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Definition
| In Porter's value chain model, the fundamental activities that create value-inbound logistics, operations, outbound logistics, marketing/sales, and service. |
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Term
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Definition
| In Porter's value chain model, the activities that contribute indirectly to value creation-procurement, technology, human resources, and the firm's infrastructure. |
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Term
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Definition
| A network of value-creating activities. |
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