Ch1 Flashcards
How R info. Systems transform business, and why are they essential?
help save time and money/they give competitive advantage/help make better decisions
What is an info. System?
Support decision making & control/ help with analysis,visualization, product information.
data means?
Raw facts.
Info. means?
Data shaped into meaningful/useful form.
What is info. Tech.?
Hardware and software that a business uses to achieve objectives.
What’s input what’s output?
Input: data
Output: information
What are its manag./organi./tech. Components?
People/business processes/data/hardware and software.
Why are complementary assets essential ensuring info. Sys. Provide genuine value for info?
To get higher value from the investments
Whats new in manag. Info. Sys.?
IT innovation, new business models, E-commerce(trading online), management changes, firms and organiz. Change.
What is a flattened organization?
Instead of having multiple layers it’s shortened from 2-3 layers. (Seniors,middle,operational)
Digital firm vs fully digital firm?
Digital firm: not flexible (amazononly online)
Fully digital: flexible, time/space shifting (ZU*online/physical)
Operational excellence?
When a company wants to reach its excellence, satisfying business’s goals
Business model?
A model that I anticipated to sell, produce and deliver.
Customer and supplier intimacy?
A good rs with customers that result in lower costs.
Cross-functional business processes
Multiple divisions that reach to diff objectives.
