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30 Cards in this Set
- Front
- Back
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Raw facts that describe the characteristic of an event
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Data
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Data converted into a meaningful and useful context
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Information
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The development and use of information systems that help businesses achieve goals and objectives
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MIS
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Group of components that interact to produce information
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Information System
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Refers to the products, methods, inventions, and standrads that are used for the purpose of purchasing information
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Information Technology
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A network of activities resources, facilities, and information that interact to achieve some busiess function
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Business Process
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Collections of related tasks that receive inputs and process those inputs to produce outputs
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Activities
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Sets of procedures for executing the activites in a process
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Roles
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Peoples, facilities, or computer programs that are assigned to roles
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Resources
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Collection of business records
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Repository
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Movement of a data item from one activitiy to another activity or to a repository
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Data flows
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When an organization is the first to market with a competitive advantage
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First-mover advantage
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The acquisition and analysis of events and trends in the environment external to an organization
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Environmental scanning
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process by which a product reaches a point where on ebrand has no features that differentiates it from other brands, and customer buy on price only
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Commoditization
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Value Chain Analysis
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Industry Structure>Competitive Strategy>Value Chains>Business Processes> Information Systems
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Porter's 5 forces model
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-Threat of substitute products or services
-Supplier Power -Buyer Power -Rivarly among existing competitors -Threat of new entrants |
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A network of value-creating activities
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Value chain
-Primary: business functions that relate directly to production of organization's product/service Support activities: assist and facilitate the primary activites |
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To create a competitive advantage...
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value chain must enable the organization to provide unique value to its customers
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Product implementations
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-Create a new product or service
-Enhance products or services -Differentiate products or services |
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Process implementations
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-Lock in customers and buyers
-Lock in suppliers -Raise barriers to market entry -Establish alliances -Reduce costs |
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A set of business process that allow multiple independent entities to function as one 'virtual' organizatoin to develop and deliver products
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Supply Chain
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Distorted product demand information passes from one entity to the next throughout the supply chain
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Bull-Whip Effect
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management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
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Supply Chain Management
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XML
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Extensibly Markup Language: used to model and structure data
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Places logic for a service in one place and all other services go to it for that service
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encapsulation
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systematic process of creating, assessing, and altering business process
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Business Process Management
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Functional business process management scope
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Single department
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Cross-Functional business process management scopes
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eliminate/reduce isolated systems and data, uses committees to resolve conflicts between departments
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Interorganizational business process management scopes
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most difficult to do
-SCM, credit cart transaction processing. -Requres negotiation, contracts, litigation to resolve conflicts between organizations |
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Stages of BPM
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1. Create model for business process components (As-is model)
2. Create and implement system componenets ( make process more efficient and effective by: automation, create linkages among processes, cost and value analysis) 3. Assess Results: -Review the changes, and continuall to change and improve it |
