1 Flashcards
(50 cards)
a system that consists of various parts in business
organization that work collaboratively to attain a certain
goal.
Business Organization as a system
is a set of things working together as parts of
mechanism or interconnecting network. Or a set of principles or procedures according to which something is done; an
organize framework or method.
System
refers to the increased utility of a product as it
passes through different production stages. This can be in the
form of extra features on a product or service to increase its
perceived value for customers.
Added value
refers to the increased utility of a product as it
passes through different production stages. This can be in the
form of extra features on a product or service to increase its
perceived value for customers.
Added value
refers to a specific approach to coffee
production and preparation that focuses on
the highest quality and craftsmanship at
every stage of the process.
Artisan coffee
A business concept that does not focus merely on trade but
also in:
Production
Distribution
Sale of goods
Services
The word “business” is traditionally defined as the
exchange
of products or trading.
The word “business” is traditionally defined as the
exchange
of products or trading.
involves the study, design, development, implementation, and
management of computer-based information systems. This includes a
wide array of hardware and software solutions that help organizations
manage, process, and distribute data effectively.
IT or Information Technology
prepares students to
address the technical needs of various organizations. These programs
cover areas such as programming, systems analysis, network
management, and cybersecurity, ensuring that graduates are equipped
to design and maintain systems that are both efficient and secure.
IT as a discipline
is integral to modern organizations, where it supports critical
operations,
enhances
communication,
and enables
data-driven
decision-making
IT or Information Technology
Is the study and application of computers, networks, and
telecommunications to store, manage, and transmit information.
It involves the use of both software and hardware resources to
perform essential functions in daily life.
Modern Information Technology
extends beyond just high-tech gadgets; it includes
advanced technologies like big data, machine learning, artificial
intelligence (AI), and the Internet of Things (IoT).
Modern IT
is also widely used in social networks, enhancing
customer engagement and business competitiveness through
tools like queue management systems (QMS), which optimize
service delivery in sectors like banking and healthcare.
Modern IT
has
transformed how businesses operate by heavily integrating
technology into their processes.
Information Era
Key examples of modern businesses in the
Digital Age include:
Call centers
Online and Mobile Banking
These handle customer calls,
either in-house or outsourced, managing
technical support, complaints, and inquiries
Call Centers
allows
users
to
perform
transactions via the internet, such as
payments and account management.
Online Banking
offers similar services
through apps on smartphones, providing
convenience and easy access.
Mobile banking
The changing role of IT in business reflects a shift from
traditional methods to advanced digital solutions that
streamline:
Operations,
o Enhance productivity
o Monitoring
o Business Performance Management
by automating
processes, enhancing communication, and optimizing resource
management.
Operations
automating repetitive tasks, streamlining workflows, and
improving communication.
Enhancing productivity
IT shifted from a reactive process to a
proactive, data-driven approach, significantly improving
efficiency and effectiveness in business operations.
Monitoring
a strategic approach that organizations use to monitor,
manage, and enhance their performance by aligning business
activities with overarching goals and objectives.
Business Performance Management
