IT: Chapter 1: Business Information Systems in your Career Flashcards
What’s new in MIS?
New technologies
People and Behavior changes
Organizations
ABBREV: Business Drivers of Information Systems
ONCICS
Business Drivers of Information Systems
Operational Excellence New products, services, and business models Customer and Supplier intimacy Improved decision making Competitive Advantage Survival
Operational Excellence
-improved efficiency and productivity results higher profits
New products, services, and business models
Business Model
Business Model
how a company produces, delivers, and sells its products and services
Customer and supplier intimacy
- satisfied customers mean repeat customers
- close relationships mean lower costs
Improved Decision Making
real-time data improves ability of managers to make decisions
Competitive Advantage
advantages over competitors
Survival
business need to invest in information systems out of necessity
Information technology
the hardware and software a business uses to achieve objectives
Information system
interrelated components that manage information to support decision making and control, and help with analysis visualization, and product creation
Data
streams of raw facts
Information
data shaped into meaningful, useful form
ABBREV: Activities in an information systems that produce information
IPOF
Activities in an information systems that produce information
Input
Processing
Output
Feedback
Input
collect data
processing
converts raw input into a meaningful form
output
transfers the processes information to the people who use it
feedback
output that is returned to appropriate members of the organization to help evaluate or correct input state
information systems literacy
includes behavioral and technical approach
computer literary
focuses mostly on knowledge of IT
Management Information Systems (MIS)
focuses on broader information systems literacy
ABBREV: Dimensions of Information systems
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