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31 Cards in this Set

  • Front
  • Back

Business processes

The set of logically related tasks and behaviours that organizations develop over time to produce specific business results

Business model

How a company produces, delivers, and sells a product or service to create wealth

Information Technology (IT)

All of the hardware and software that a firm needs to use in order to achieve its business objectives

Information System

A set of interrelated components that collect, process, store, and distribute information to support decision making and control in an organization

Information

Data that has been shaped into a form that is meaningful and useful

Data

Streams of raw facts representing events occurring in organizations or physical environments

Input

Captures or collects raw data

Processing

Converts raw data into a meaningful form

Output

Transfers the processed information to the people who will use it or the activities for which it will be used

Feedback

Output returned to the appropriate members of the organization to help them evaluate or correct the input or processing stage

Information systems literacy

An understanding of the management, organizational, and technical dimensions of systems

Computer literacy

Knowledge of information technology

Management information systems (MIS)

Deals with behavioural and technical issues surrounding the development, use, and impact of information systems used by managers and employees

Senior management

Makes long-range strategic decisions about products and services and ensures the financial performance of the firm

Middle management

Carries out the programs and plans of senior management

Operational management

Responsible for monitoring the daily activities of the business

Knowledge workers

Design products and services while creating new knowledge for the firm

Data workers

Assist with scheduling and communications at all levels of the firm

Production or service workers

Produce the product and deliver the service

Business functions

Specialized tasks performed by business organizations

Computer software

Detailed, pre-programmed instructions that control and coordinate the computer hardware components in an information system

Data management technology

software governing the organization of data on physical storage media



Networking and telecommunications technology

Links the various pieces of hardware and transfers the data

Network

Links to or more computers to share resources

Internet

A global network that uses universal standards to link smaller networks

Intranet

Internal corporate networks based on Internet technology

World Wide Web

A information space provided on the internet that uses universally accepted standards for storing, retrieving, formatting, and displaying information in a page format on the internet

Information Technology Infrastructure

All of the technology along with the people required to run and manage them that represent resources that can be shared throughout the organization

Complementary assets

Assets required to derive value from a primary investment

Organizational and management capital

Investments in organization and management

Sociotechnical view

Seeing systems as being composed of both social and technical elements