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13 Cards in this Set
- Front
- Back
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computer literacy
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having the skills in using productivity software such as word processing, spreadsheet, DBMS, and presentation software, and having a basic knowledge of hardware and software and the Internet, and collaboration tools and techniques
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information literacy
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understanding the role of information in generating and using business intelligence
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business intelligence
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provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace
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transaction processing systems
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focus on data collection and processing, and the major reason for using them is cost reduction
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management information system
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organized integration of hardware and software technologies, data, processes, and human elements, designed to produce timely, integrated, relevant, accurate, and useful information for decision-making purposes
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data
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consists of raw facts and is a component of an information system
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database
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collection of all relevant data organized in a series of integrated files
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process
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component of an information system generates the most useful type of information for decision making, including transaction-processing reports and models for decision analysis
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information
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consists of facts that have been analyzed by the process component and is an output of information systems
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information technologies
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support information systems and come in the form of the internet, computer networks, database systems, POS systems, and RFID tags
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Five Forces Model
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analyzes an organization, its position in the marketplace, and how information systems could be used to make it more competitive. It includes buyer power, supplier power, threat of substitute products or services, threat of new entrants, and rivalry among existing competitors
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major components of an information system
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data, database, process, information
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strategies for competing in marketplace successfully
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overall cost leadership, differentiation, focus
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