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16 Cards in this Set
- Front
- Back
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Difference between Data and Information
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Data is height, name and hair color.
Information is student to professor ratio, % of marketing majors who are female, number of students who pass course |
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Core Drivers of the Information Age
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Data, Information, Business intelligence, and Knowledge
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Data
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Raw facts that describe the characteristics of an event or object
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Information
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data converted into meaningful and useful context
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Business Intelligence
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info collected from multiple sources such as suppliers and customers to analyze patterns trends and decision making
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Systems thinking
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a way to monitor the entire system by viewing multiple inputs and gathering feedback
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Management
Information Systems |
moves information about people, products, and processes across the company to facilitate decision-making and problem-solvingt( NOT TECHNOLOGY IT IS BUSINESS FUNCTION)
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Chief Information Officer (CIO)
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oversees all uses of IT and ensures the strategic alignment of IT with business goals and objectives
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Chief Knowledge officer (CKO)
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responsible for collecting, maintaining, and distributing the organization's knowledge.
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Chief Privacy Officer
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ensures the ethical and legal use of information
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Chief Security Officer (CSO)
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responsible for ensuring the security of IT systems
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Chief Technology Officer (CTO)
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responsible for ensuring the (efficiency)throughput, speed, accuracy, availability, and reliability of IT
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First-mover advantage
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you are the first in the market and have competitive advantage
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Competitive intelligence
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process of gathering info about the competitive environment to improve the company
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Porter's Five Forces Model
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1.Threat of Substitute
2. Buyer Power 3. Threat of New Entrants 4. Supplier Power 5.Rivalry among existing competitors |
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Friedman's Theory
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the world is flat. Reasons for world being flat are outsourcing,offshoring,supply chaining, In-sourcing, wireless and INDIA, CHINA AND former SOVIET UNION
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