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34 Cards in this Set
- Front
- Back
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System
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group of components that interact to achieve some purpose
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Blog
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use IT to publish information over the internet. Disseminates latest product news, competitive threats and responses, successes and other info
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Five components of an information system
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hardware (computer, disk), software (Word), data (sentences and paragraphs in report), procedures (methods to start, enter, print, save, backup) people (you)
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Information technology
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refers to raw technology, only hardware, software and data components of an IS (all 5, software, hardware, data, procedures and people that produce information), when (blank) helps you accomplish something it is IS
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MIS
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development and use of information systems that help businesses achieve their goals and objectives
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Key elements of MIS
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1. Development and Use 2. Information Systems
3. Business goals and Objectives |
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Moore's Law
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number of transistors per square inch on an integrated chip doubles every 18 months. The speed of the computer chip doubles every 18 months
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A strong password contains
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-7 or more characters
-Does NOT contain user, real, or company name -Does NOT contain dictionary word -Different from previous passwords -Contains lower & upper case letters, #s, and %@^! |
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Activities
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transform resources and information of one type into resources and information of another type
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Business process
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network of activities, resources, facilities and information that interact to achieve some business function
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Resource
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items of value. (milk, customers cash, supplier and customer)
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Facilities
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structures used within business process (inventories, databases, file cabinets)
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Information (4 things)
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knowledge derived from data.
or Data presented in meaningful context or processed data or difference that makes a difference |
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SMART information
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Sufficient
worth Money accurate relevant (to context, to subject) Timely |
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SMART Goals
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Specific
Measurable Attainable Relevant Timely |
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Automated system
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work formerly done by people following procedures has been moved to be done by computers, following instruction in Software. automation of a process activity. (Fig. 2-4). Almost all work done by computers and software
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Manual system
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little work is done by computers and software. Most work done by accounts payable clerk
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Five-Forces Model
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-bargaining threat of customers
-threat of substitutions -bargaining power of suppliers -threat of new entrants -rivalry among existing firms |
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Competitive strategy
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(determines structure, functions, and features of every information system) can focus on being… Cost Leader or Differentiating its products. It can do this Across entire industry or Focus on particular industry segment.
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Margin
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net benefit
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Value chain
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network of value creating activities. Consists of 5 primary and 4 support activities
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Primary activities
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in-bound logistics, operations, out-bound logistics, marketing and sales, service
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Support activities
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firm infrastructure, human resources, technology development, procurement
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Linkages
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interactions across value activities
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Business process design
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create new, more efficient business processes that integrate the activities of all departments involved in a value chain
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Ways to gain competitive advantage (5)
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switching costs, lock in suppliers, barriers to entry, establish alliances, reduce costs
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Switching costs
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lock in customers. Making it difficult or expensive to switch to another product
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Lock in suppliers
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difficult to switch to another organization
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Creating barriers to entry
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difficult or expensive for new competition to enter market
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Actions
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detailed, day-to-day steps for achieving tactics
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Tactics
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specific actions for reaching strategic goals
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In Porter's Chain Value model, wjocj primary activity makes you money?
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Sales
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Business process
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interdependent set of activities that deliver a specific output of value to an organization; combines input and resources, adheres to constraints, and may be manual or automated; often crosses a variety of organizational boundaries
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business rule
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Defines or constrains one aspect of your business that is intended to assert business structure or influence the behavior of your business.
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