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32 Cards in this Set
- Front
- Back
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Moores Law |
A principle named for computer executive Gordon Moore Advances in computer technology such as processing speed or storage capabilities doubles about every 2 years |
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Information system |
Speed camera network, company payroll system, social networking service Brings together four critical components to collect, process, manage, analyze, and distribute info |
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Info technology |
Hardware, software, and telecommunications that comprise the technology component of info systems |
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What is management information system? |
How people, technology, processes, and data work together type of information system that supports tactical decision making at the managerial level |
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What is a system? |
A collection or structure of interrelated elements or components that are interdependent with a defined boundary There will be some sort of mechanism for input, output, feedback and control |
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Porters 5 Competitive forces that shape industry competition |
1) threat of new entrants 2)power of buyers 3)power of suppliers 4) threat of substitutes 5)Rivalry among existing competitors |
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How do disruptive innovations gov. policies, complementary products and services, and environmental events affect how the competitive forces operate? |
Disruptive innovations gov. policies complimentary products and services and environmental are external forces that affect how the five forces operate. For example certain innovations can flood through own industry changing everything in their path, forcing every company to change its strategy. |
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Describe 4 hardware components of a computer and give an example |
Storage: saving data for a period of time Input: anything we want to embed in a system for use keyboard/mouse Processing: taking inputted data and covering into something usable Output: speaker processed info monitor for pics |
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Extended Version of Chain value |
links the companies value chain with the value chains of its suppliers and its customers |
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types of software |
Application: supports all work, word processing, spreadsheets, editing, email System: handles basic operations, file management Operating: takes care of basic tasks, without which the computer wouldn't function interfaces with keyboards and monitors |
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What are the components of the value chain |
primary activities: bring in raw resources, making product or service, deliver, provide customer support, support activities: administration and management human resources, technology support procurement |
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Porters 5 Competitive forces how they are interrelated |
Determine industry structure and how profitable companies in the industry |
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People |
Design development launch and maintenance of any info system involves trams of people, users, customers, contributors, people play crucial roles in the success or failure They come up with info systems |
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Technology |
Includes hardware, software, and telecommunications: move electronic signals from one place to another ex. googles windowless data center Anything that can collect process or store electronic data |
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How is hardware and software used in the organization |
Serve as a base for the sharing of data and info internally and externally |
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Rivalry among existing competitors |
The intensity of competition within and industry, intense rivalry can reduce profitability in the industry due to price cutting or other competitive pressures |
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Types of Networks |
The local areas network connects computers, printers, scanners, in a single building Circuit switched network nodes communicate establishing a channel. As through there were a pipe leading between them |
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Computer |
Any electronic device that can accept, manipulate, store and output data and whose instructions can be programmed |
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Network |
A group of interconnected devices such as computers prones, printers, or displays that can share resources and communicate using standard protocol |
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Threat of new entrants |
into an industry, pose to existing businesses, the threat is high when start up costs are very low and newcomers can enter easily |
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Enterprise architecture |
Roadmap created by an organization to describe is current situation and where it should head to achieve its mission |
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Threat of substitutes |
The threat posed to a company when buyers can chose alternatives that provide the same item or service often at attractive savings |
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The six major roles of information systems |
1) supporting customer interactions 2)managing operations 3)improving individual 4) gaining competitive advantage 5) collaborating on teams 6) making decisions |
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Processes |
Set of activities designed to achieve a task Organizations implement info systems to support streamline and eliminate business processes |
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Distributive innovation |
A new product or service, often springing from technological advances, that has the potential to reshape an industry ex. kodak, casio, olympus, others offering digital cameras that need no film |
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Management |
The process of controlling organizing, and coordinating activities to achieve a goal |
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Information |
Data in context that supports decision making and influence behavior |
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data |
Data are the grist for every info system Regardless of initial from data is converted into digital format and its integrated in info systems read by programs and shared across systems |
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Model of information system |
People->Technology->Data->Process-> |
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Buyer Power |
The advantage buyers have when they haven leverage over suppliers and can demand deep discounts and special services |
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Power of Suppliers |
The advantage sellers have when there is a lack of competition and they can charge more of their products and services |
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Disruption |
In contracts, adverse effect of a change in a contact result in increase cost of its performance |
