Flashcards in Midterm Deck (81)
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1
Competitive Advantage
anything that gives a firm a lead over its rivals
2
Automation
Using information systems to do activity faster, cheaper with more accuracy and consistency.
3
Organizational Learning
focuses on using information systems to improve business processes based on the analysis of past behavior
4
Data
Raw symbols, such as characters and numbers that have no meaning in and of themselves, and are of little value until processed. Ex- 123456789=??
5
Information
formatted data. Ex-123-45-6789 =SSN
Ex- a list of potential donors who live in Seattle and enjoy sports
6
Knowledge
When information is understand and can be used, it becomes knowledge
7
Which describes the relationship between data and information?
Data are raw facts with no meaning in and of themselves
information is data that has been transformed to be useful
8
CIO
responsible for strategic planning and IS use throughout the firm
9
Internet of Things-
network of a broad range of physical objects that can automatically share data over the Internet
10
Big Data
concerned with the generation, collection and analysis of vast quantities of unstructured data
11
Information Technology
hardware, software and networks
12
Information Systems-
hardware, software, data, processes, people
13
Business competency
sets an IS professional apart from other and may help protect a person’s job.
14
Executive Level of Organization
- EIS system
unstructured Decisions
long-term strategic questions
presidents, VP, chief information officers
15
Managerial Level of Organization
-MIS/DSS systems
semi structured decisions
controlling of operational events
midlevel managers and functional managers
16
Operational Level of Organization
TPS system
Structured Decisions
automate routine and repetitive actives and events
Foremen and supervisors.
17
What are the 3 primary types of management information systems available to support decision making across company levels?
TPS, DSS, EIS
18
What type of organizational strategy is used by Porsche?
Differentiation
19
What is a standard set of activities that accomplishes a specific task?
Business Process
20
Organizations offering a free basic subscription that can be upgraded to a fee based system….
Freemium
21
___ is high in an industry when alternative products that offer attractive savings are available
Threat of substitutes
22
TPS
Transaction Processing System. Technology used to make transactions
23
MIS
Managerial Information System. Used by mid-level managers, larger, more data.
24
DSS
Decision support system. Used at the mid-level.
25
EIS
Executive Information System. Condensed, succinct.
26
Structured Decisions
processing certain information in a specified way so that you will always get the right answer
27
Unstructured Decisions
one for which there may be several “right” answers, without a sure way to get the right answer
28
Business Process
a method of improving functioning of an organization
29
Freemium
is a marketing approach companies use to obtain customers by offering something for free to build a large customer base and then charge a premium for unrestricted versions with more functionality
30
