MIS - Exam 3 Flashcards
(69 cards)
2 Key Activities of Collaboration
- Communication
2. Iteration
Collaboration
A group of people working together to achieve common objectives via communication and iteration.
Objectives of the Collaboration Process
Effectiveness:
•Product Objective - Succccessful Output
•Team Objective - Growth in Team Capability
•Individual Objective - Meaningful and Satisfying Experience
Efficiency:
•Time and; Cost
5 Key Components of a Collaboration IS (HSDPP)
- Hardware - Cloud servers
- Software - Google Drive/MS Sharepoint
- Data - Project Data and; Metadata
- Procedures - Implicit or Assumed
- People - Vary in time/place/abilities/motivation
What are the 2 Types of Communication (think team meetings)
- Synchronous Communication - team meets at the same time.
- Asynchronous Communication - team does not meet at the same time.
3 Ways Collaboration IS Support the Iterating Activity? (increasing the degree of content control). Think doc mgt
- No Iteration Control -
•Email with attachments or
•Shared file server. - Iteration Management -
•Google Drive
•Microsoft SkyDrive. - Iteration Control -
•Permissions - Limit Activity
•Document Checkout
•Version History
How Can Collaboration IS Support Business Processes (Think Slack)
- The Project Management Processes-
•Project Team Collaboration via MS Project - The Workflow Process - via MS Sharepoint
•Sequential
•Parallel - Supporting New Processes with Collaboration IS
•New online training processes
•Knowledge storage processes
•Find-an-expert processes
Power Curve
Training time required via product power curve - the power curve of a Comprehensive collaboration toolset has a longer flat spot in the beginning.
Social Media
Any web application that supports the creation and sharing of user-generated content (UGC)
Social Media Information Systems
Support the creation and sharing of user-generated content
What Are the Objectives of the Social Media Process
Effectiveness:
•Users - Belongingness and Communication.
•Businesses - Support Strategy
•App Providers - Market share and; Revenue
Efficiency:
•Time and; Cost
5 Key Components of a Social Media IS (HSDPP)
1. Hardware - •Cloud servers and other devices 2. Software •Free, fun, frequently change, little business input 3. Data •Content and connection data 4. Procedures •Informal for users •Governed by policy for business 5. People •Freedom for users •Business users should follow policies
2 Ways Social Media IS Support Social Media Activities?
1. Creating •Rewards/incentives •Mashups/Viral content •Convenience 2. Sharing •Search
How Can Social Media IS Support Business Processes?
- The Promotion Process
•Increase awareness and brand - The Customer Service Process
•Increase communication to/from customers - Supporting New Processes with Social Media IS
•Improve service, promotion, quality of feedback, participation
Social Capital
Investment in social relations with the expectation of returns in the marketplace
3 Objectives of the Process of Building Social Capital
- Increase the Number of Relationships
- Increase the Strength of Relationships
- Connect to Those with More Assets
4 Risks of Social Media
1. Management Risks •Overestimate ROI, labor costs, privacy, dependence on social media provider 2. Employee Communication Risks •Social Media Policy 3. User-Generated Risks •Junk and crackpots •Unfavorable reviews •Mutinous movements 4. Responding to User Content Problems •Leave it •Respond to it •Delete it
Business Intelligence
Process of acquiring, analyzing, and publishing data with an objective of discovering patterns in data that will inform a business person
3 Objectives of the BI Process (API)
Effectiveness -
•Assess, Predict, Inform
Efficiency -
•Time and cost
Assessment- To be informed by current conditions.
Prediction- To be informed about the likelihood of future events.
4 Key Attributes of BI Information Systems
- Scalable
- Ease of use
- Data warehouse dependency
- Dependence on user knowledge and collaboration skills
The 3 Business Intelligence Activities
1. Acquiring - •Obtain data •Cleanse data •Organize and relate data •Catalog data 2.Analyzing - •Reporting - •Interactive = OLAP & Slice & Dice •Non-Interactive = RFM, •Datamining - •Regression •Market Basket Analysis (MBA) •Supervised and Unsupervised = Data Models and hypothesis 3.Publishing - •Visualizations, Self Service, Dashboards
What is RFM analysis
Recently, Frequency, Money (how much)
Used to analyze and rank customers according to their purchasing patterns.
Regression
The impact of a set of variables on another variable
Market Basket Analysis (MBA)
Determines sales patterns. What items do people purchase together?