BIS Test 1
Layne Bradley
Ch. 1, 2, 3 CE 19, 2, 21
Ch. 1, 2, 3 CE 19, 2, 21
Terms
undefined, object
copy deck
- Abstract Reasoning
- The ability to make and manipulate models
- Collaboration
- The situation in which two or more people work together toward a common goal, result, or product; information systems facilitate collaboration.
- Computer-Based Information System
- An information system that includes a computer
- Experimentation
- Making a reasoned analysis of an opportunity, envisioning potential solutions, evaluating those possibilities, and developing the most promising ones, consistent with the resources you have.
- Five-Component Framework
- The five fundamental components of an information system--computer hardware, software, data, procedures, and people-- that are present in every information system, from the simplest to the most complex
- Information System
- A group of components that interact to produce information
- Information Technology
- The products, methods, inventions, and standards that are used for the purpose of producing information.
- Management Information Systems
- An information system that helps businesses achieve their goals and objectives.
- Moore's Law
- A law, created by Gordon Moore, stating that the number of transistors per square inch on an integrated chip doubles every 18 months. Moore's prediction has proved generally accurate in the 40 years since it was made.
- Strong Password
- 7 or more characters Doesn't contain users name doesn't contain complete word different from user's previous passwords contains upper and lowercase letters, numbers, and special characters.
- System
- A group of components that interact to achieve some purpose
- Systems Thinking
- The ability to model the components of the system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed.
- Business Process
- a network of activities, roles, resources, repositories, and data flows that interact to accomplish a business function.
- Activities
- Collections of related tasks that receive inputs and process those inputs to produce outputs.
- Decision
- A question that can be answered yes or no
- Roles
- sets of procedures.
- Resources
- people, facilities, or computer programs that are assigned to roles.
- Repository
- a collection of business records cardboard box, notebook, list, spreadsheet, database, collection of databases.
- Data Flow
- the movement of a data item from one activity to another activity or to a repository
- Information
- knowledge derived from data
- Characteristics of good information
- Accurate Timely Relevant Just Sufficient Worth its Cost
- Five forces model
- Model for determining the potential profitability of an industry.
- competitive forces of 5 Forces Model
- Competition from vendors of substitutes Competition from new competitors Competition from existing rivals
- Bargaining Power Forces of 5 Forces Model
- Bargaining power of suppliers Bargaining power of customers
- Competitive Strategy
- strategy an organization chooses as the way it will succeed in its industry Cost, Differentiation, Industry-Wide, focus
- Value
- The amount of money that a customer is willing to pay for a resource, product, or service.
- Margin
- The difference between the value that an activity generates and the cost of the activity
- Value Chain
- a network of value-creating activities.
- Primary Activities
- business functions that relate directly to the production of the organization's products or services.
- Support Activities
- business functions that assist and facilitate the primary activities.
- Value Chain Linkages
- interactions across value activities
- Product Implementations
- Create new product or service Enhance products or services Differentiate products or services
- Process Implementations
- Lock in customers Lock in suppliers Raise barriers to market entry Establish alliances Reduce costs
- Switching Costs
- make it difficult or expensive to switch to another product or organization