Information Systems for Business and Beyond Flashcards
(176 cards)
the head of the information systems function and aligns the plans and operations of the information systems with the strategic goals of the function.
CIO: Chief Information Officer
Person in charge of setting information system policies for an organization, and then overseeing the implementation of those policies.
Information Security Officer:
the person who plans, develops, monitors and maintains databases that are used as part of applications or the data
warehouse.
Database Administrator:
A collection of facts, that is intangible.
Data
Processed data that possess context, relevance, and purpose.
Information:
Technology, people, and processes that allow us to take and transform meaningless data into useful information for decision making.
Information System (IS):
A subset, or one component of information systems that allow us to take and transform meaningless data into
useful information for decision making.
Information Technology (IT):
human beliefs or perceptions about relationships among facts or concepts relevant to that area.
Knowledge:
when a person can combine their knowledge and experience to produce a deeper understanding of a topic.(
Wisdom:
when a company successfully attracts more customers, earns more profit, or returns more value to its shareholders than rival firms do.
Competitive Advantage:
strategy where a firm offers customers its product or service at a lower price than its rivals can.
Example: Walmart
Cost Leadership:
strategy where a company tries to add value to their products and services so they can attract customers who are willing to pay a higher price.
Differentiation:
obstacles that make it difficult to enter a given market.
Entry Barrier:
strategy whereby a firm chooses to add value or lower costs for a smaller market.
Focus Strategy:
a plan to achieve advancements in technology or service by investing in research and development activities to meet previously unmet needs of buyers or meet their needs in a new way.
Innovation Strategy:
refers to performing the same operational tasks better than rivals perform them.
Operational effectiveness:
A framework to determine the profitability and attractiveness of a market:
- Industry Rivalry
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Threat of New Entrants
- Threat of Substitute Products
Porter’s 5 Force Model:
refers to performing different activities from those of rivals, or the same activities in a different way.
Strategic positioning:
A set of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market.
Value Chain:
continuous and can be represented by smooth wave pattern.
Analog signals:
base-2 numeral system, which represents numeric values using two different symbols: 0 and 1.
Binary:
The smallest unit of data in a computer represented by one or zero.
Bit:
The electrical connection between different computer components that is an important determiner of the computer’s speed.
Bus:
A unit of data that computers use to represent a character such as a letter, number, or typographic symbol with a group of eight bits.
Byte: