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21 Cards in this Set
- Front
- Back
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Bell's Law |
A new computer class forms roughly every decade establishing a new industry |
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Moore's Law |
The number of transistors per square inch on a chip doubles every 18 months. Meaning the cost of computing is approaching zero. |
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Metcalfe's Law |
The value of a network is equal to the square of users connected to it. |
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Nielson's Law |
Network connection speeds for high-end users will increase by 50% per year. |
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Kryder's Law |
Storage density on magnetic disks is increasing exponentially. Cost of storing data is approaching zero. |
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4 Non-routine skills |
Abstract reasoning Systems thinking Collaboration Ability to experiment |
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3 reasons why MIS is most important course in business school |
1. Gives you background to assess, evaluate, and apply emerging technologies to business. 2. Gives you marketable Non-routine skills 3. Many well-paying MIS jobs are in high demand. |
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Components of an IS |
Hardware, software, data, procedures, people |
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2 key characteristics of collaboration |
Iteration and feedback |
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3 criteria for successful collaboration |
1. Successful outcome 2. Growth in team capabilities 3. Meaningful and satisfying experience |
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4 primary purposes of collaboration |
1. Become informed 2. Making decisions 3. Solving problems 4. Managing projects |
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4 Project Management Phases |
Starting, planning, doing, finalizing |
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5 forces that determine industry structure |
Bargaining power of customers, threat of substitutes, bargaining power of suppliers, threat of new entrants, intensity of rivalry |
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Primary activities of the value chain |
Inbound logistics Operations and Manufacturing Outbound logistics Sales and Marketing Customer Service |
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Support Activities of the value chain |
Procurement, technology, HR, firm infrastructure |
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IS providing competitive advantage |
Lock in customers Lock in suppliers Establishing alliances Reducing costs New product, enhance product, or differentiate product |
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Social Capital adds value in 4 ways |
Information Influence Social credentials Personal reinforcement |
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3 primary BI activities |
Data acquisition BI analysis Publish results |
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Response to security incidents |
Have a plan in place Centralized reporting Specific responses Practice |
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Advantages of outsourcing |
Obtain expertise Avoid management problems Free management time Obtain part-time services Achieve economies of scale Cap financial exposure Improve quality Reduce implementation risk |
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Disadvantages and risks of outsourcing |
Vendor in driver's seat Technology direction Potential intellectual capital loss Product fixes, enhancements wrong priority Vendor management, direction, or identify changes CIO becomes superfluous High unit cost, forever Paying for someone else's management Outsource vendor becomes de facto sole source Expensive and risky to change vendors |
