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33 Cards in this Set
- Front
- Back
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Additive Manufacturing |
Process of creating three-dimensional objects by fusing two dimensional layers of plastic, metal, and other substances on top of one another. Because there are very small machine setup costs, 3D printing can economically produce in single unit quantities |
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Abstract Reasoning |
Ability to make and manipulate models |
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Collaboration |
Activity of two or more people working together to achieve a common goal, result, or work product |
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Computer Based Information System |
Information system that includes a computer |
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Experimentation |
Making a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the more promising ones, consistent with the resources you have |
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Five Component Framework |
Includes hardware, software, data, procedures, and people. These five components are present in every information system - form most simple to complex |
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Information System |
A group of components that interact to product information |
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Information Technology |
Products, methods, inventions, and standards are used for the purpose of producing information |
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Management Information Systems |
Management and use of information systems that help businesses achieves their strategies. Three key elements: Management and use, info systems, and strategies |
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Moore's Law |
Cost of data processing, communications, and storage is essentially zero |
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System |
Group of components that interact to achieve some purpose |
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Systems Thinking |
Ability to model the components of the system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed |
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Business Process |
Network of activities for accomplishing a business function |
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Business Process Modeling Notion |
International standard for creating business process diagrams |
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Swimlane Format |
Graphical arrangement in which all of the activities for a given role are shown in a single vertical lane |
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Activities |
Specific tasks that need to be accomplished as part of the process |
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Role |
Subset of the activities in a business process that is performed by an actor |
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Actor |
A person, group, or department, organization or info system |
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Repository |
Collection of data that is stored from within the business process |
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Data Flows |
Represent movement of data from one activity to another |
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Sequence Flows |
Solid Lines in between activities |
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Effective business process |
Enables the organization to accomplish its strategy |
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Efficiency |
Ratio of benefits to costs |
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Information |
knowledge derived from data |
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Five forces Model |
help organizations determine the potential profitability of an industry |
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Competitive Strategy |
One of the four alternatives |
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Value |
amount of the money that a customer is willing to pay for a resource, product or service |
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Value Chain |
Network of value-creating activities |
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Primary Activities |
Business functions that relate directly to the production of the organization's products or services |
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Support Activities |
Business functions that assist and facilitate the primary activities |
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Linkages |
Interactions across value activities |
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Margin |
Difference between the value that an activity generates and the cost of activity |
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Switching Costs |
locking in customers by making it difficult or expensive for customers to switch to another product |
