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24 Cards in this Set
- Front
- Back
digital firm |
nearly all of the organization's significant business relationships with customers, suppliers, and employees are digitally enabled and mediated. |
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business model |
describes how a company produces, delivers |
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business processes |
-workflows of material, information, knowledge among the participants in business processes |
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examples of functional business processes |
-manufacturing and production -sales and marketing -finance and accounting -human resources |
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information technology enhances business processes in two main ways: |
1. Increasing efficiency of existing processes |
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transaction processing systems |
-supporting operational level employees -allow managers to monitor status of operations and relations with external environment |
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management information systems |
-supporting managers -provide reports on firm's current performance, based on data from TPS -provide answers to routine questions with predefined procedure for answering them -typically have little analytic capability |
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decision support systems |
-serve middle management -support non-routine decision making -often use external info as well from TPS and MIS |
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business intelligence |
-class of software applications -analyze current and historical data to find patterns and trends and aid decision-making -used in systems that support middle and senior management |
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executive support systems |
-supporting executives -address non-routine decisions -incorporate data about external events as well as summarized info from internal MIS and DSS |
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enterprise applications |
-used to manage information used to ensure that TPS, MIS, DSS, and ESS work together smoothly. |
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four major enterprise applications |
1. enterprise systems-integrate business processes (ERP) 2. supply chain management systems (SCM) - manage relationships with their suppliers 3. customer relationship management systems (CRM) 4. knowledge management systems (KMS) - manage processes for capturing and applying knowledge and expertise |
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enterprise systems |
-refers to the larger database environment within which the enterprise applications reside and operate resolves problem of fragmented, redundant data sets and systems |
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supply chain management systems |
-manage firm's relationships with suppliers -share information about orders, production, inventory levels, delivery of products and services goal: right amount of products to destination with least amount of time and lowest cost |
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customer relationship management systems |
-provide information to coordinate all of the business processes that deal with customers in sales, marketing, and service to optimize revenue, customer satisfaction, and customer retention |
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knowledge management systems |
-support processes for acquiring, creating, storing, distributing, applying, integrating knowledge -collect internal knowledge and experience within firm and make it available to employees |
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intranets |
internal company web sites accessible only by employees |
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extranets |
company web sites accessible externally only to vendors and suppliers -often used to coordinate supply chain |
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e-business |
-use of digital technology and internet to drive major business processes |
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e-commerce |
subset of e-business -buying and selling goods and services through the internet |
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e-government |
-using internet technology to deliver information and services to citizens, employees, and businesses |
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information systems department |
formal organizational unit responsible for information technology services -often headed by chief information officer (CIO) |
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end users |
-representatives of other departments for whom applications are developed |
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IT Governance |
-strategies and policies for using IT in the organization -decision rights and framework for accountability -organization of information systems function |