Mis Test #1

Front 1

Strategy

Back 1

Plan, methods, or series of maneuvers to obtain a specific goal or result

Front 2

Competitive Strategy

Back 2

Specifically designed to achieve a competitive advantage
-Defined in response to industry environment and current business environment

Front 3

Competitive Advantage

Back 3

1. Create new product
2. Enhance products
3. Differentiate products
4. Lock in customers and buyers
5. Lock in Suppliers
6. Raise Barriers to market entry
7. Establish alliances
8. Reduce costs

Front 4

Industry Structure Model

Back 4

Business world in which we live
1. customers-bargaining power
2. suppliers-bargaining power
3. Substitute Vendors- Threat
4. New Vendors-New entrant threat

Front 5

Value Chain

Back 5

Network of value-creating activities
1. Marketing and sales
2. Inbound logistics
3. Operations or manufacturing
4. Service/support
-Margin

Front 6

Margin

Back 6

Total value added-total costs incurred-revenues-cost

Front 7

Linkages

Back 7

Interactions across value activities
1. sources of efficiencies
2. readily supported by information systems
3. Reduce inventory costs

Front 8

SMART Goals

Back 8

S-Specific
M-Measurable
A-Attainable
R-Relevant
T-Timely

Front 9

Switching costs

Back 9

Negative costs that a consumer incurs as a result of changing suppliers, brands or products

Front 10

Business Model

Back 10

A framework for creating economic and social value
1. Method to where a business can sustain itself or generating revenue
2. How a company makes money

Front 11

Activities

Back 11

Transform resources and information of one type into resources and information of another type

Front 12

Facilities

Back 12

structures used within the business process (inventories or databases)

Front 13

Resources

Back 13

items of value (case of milk)

Front 14

Process automation options

Back 14

1. People
2. Procedures
3. Data
4. Software
5. Hardware

Front 15

Emerging Technology

Back 15

Mobile computing, user interfaces, cloud computing, radio frequency identification, 3-D printing

Front 16

Mobile Computing

Back 16

1. Platforms
2. History
3. Connectivity
4. Functionality

Front 17

Cloud Computing

Back 17

1. Infrastructure-as-a-service
2. Platform-as-a-service
3. Software-as-a-service

Front 18

3-D Printing

Back 18

3-D object is created by connecting successive cross-sections of material

Front 19

Radio-Frequency Identification

Back 19

1. Auto identification method
2. Can be incorporated into a product, animal or person for the purpose of identification and tracking through radio waves

Front 20

Innovation

Back 20

Quicken pace at which business is done

Front 21

DICEE Approach

Back 21

D-Deep
I-Indulgent
C-Complete
E-Elegant
E-Emotive

Front 22

System Goals

Back 22

Make the system goals SMART

Front 23

Systems Development Life Cycle

Back 23

Process used to develop a new IS
1. System Definition
2. Requirements Analysis
3. Component Design
4. Implementation
5. System Maintenance

Front 24

IS Development Challenges

Back 24

1. Difficulty of determining requirements
2. Changes in requirements
3. Scheduling and budgeting
4. Changing technology
5. Diseconomies of Scale

Front 25

Brook's Law

Back 25

Adding more people to a late project makes the project later
-Diseconomies of scale: diminishing MPL

Front 26

Requirement

Back 26

1. A characteristic of an information system
2. Single piece of functionality
3. Single design element

Front 27

Tangible/Intangible Costs

Back 27

Directly measurable in dollar amounts/Difficult to asses a dollar value

Front 28

Project Valuation Techniques

Back 28

1. Total cost of ownership
2. Payback
3. Net Present Value
4. ROI

Front 29

Project Plan

Back 29

1. Project Team
2. Work Breakdown Structure
3. Costs
4. Risks

Front 30

PMLC Challenges

Back 30

1. Coordination
2. Diseconomies of Scale
3. Configuration Control
4. Unexpected events