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10 Cards in this Set
- Front
- Back
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Information Technology vs Information System |
IT - Hardware, Software IS - Hardware, Software, Data, Processes, People IS requires more than managing H & S People are a big part of IS |
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Socio-Technical Approach |
Social and technical subsystems interact with and influence each other
Inter-dependency must be realized |
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IT and Capital Investment |
-IT spending only thing that was trending up... efficiency gains, more value in spending there -Weak positive relationship between spending and productivity |
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Common Characteristics of IS |
Input -> Process -> Output (Feedback to all) --> Within the organization ---->Within the environment |
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Input |
Captures or collects raw data from within the organization or from its external environment |
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Processing |
Converts this raw input into a more meaningful form |
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Output |
Transfers the processed information to the people who will use it or to the activities for which it will be used |
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Feedback |
Output that is returned to appropriate members of the organization to help them evaluate or correct the system |
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Data vs Information |
Data - streams of raw facts representing events occurring in organizations or the physical environments Information - Data that's been shaped into a meaningful form |
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Porters Five Forces Model |
(Clockwise) -Threats of New Entrants -Bargaining Power of Customers -Threat of Substitutes -Bargaining Power of Suppliers (Center) Rivalry Among Competitors... direct competition is the most important competitive force... Switching costs can control these in many forms |
