Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
30 Cards in this Set
- Front
- Back
Raw facts that describe the characteristic of an event
|
Data
|
|
Data converted into a meaningful and useful context
|
Information
|
|
The development and use of information systems that help businesses achieve goals and objectives
|
MIS
|
|
Group of components that interact to produce information
|
Information System
|
|
Refers to the products, methods, inventions, and standrads that are used for the purpose of purchasing information
|
Information Technology
|
|
A network of activities resources, facilities, and information that interact to achieve some busiess function
|
Business Process
|
|
Collections of related tasks that receive inputs and process those inputs to produce outputs
|
Activities
|
|
Sets of procedures for executing the activites in a process
|
Roles
|
|
Peoples, facilities, or computer programs that are assigned to roles
|
Resources
|
|
Collection of business records
|
Repository
|
|
Movement of a data item from one activitiy to another activity or to a repository
|
Data flows
|
|
When an organization is the first to market with a competitive advantage
|
First-mover advantage
|
|
The acquisition and analysis of events and trends in the environment external to an organization
|
Environmental scanning
|
|
process by which a product reaches a point where on ebrand has no features that differentiates it from other brands, and customer buy on price only
|
Commoditization
|
|
Value Chain Analysis
|
Industry Structure>Competitive Strategy>Value Chains>Business Processes> Information Systems
|
|
Porter's 5 forces model
|
-Threat of substitute products or services
-Supplier Power -Buyer Power -Rivarly among existing competitors -Threat of new entrants |
|
A network of value-creating activities
|
Value chain
-Primary: business functions that relate directly to production of organization's product/service Support activities: assist and facilitate the primary activites |
|
To create a competitive advantage...
|
value chain must enable the organization to provide unique value to its customers
|
|
Product implementations
|
-Create a new product or service
-Enhance products or services -Differentiate products or services |
|
Process implementations
|
-Lock in customers and buyers
-Lock in suppliers -Raise barriers to market entry -Establish alliances -Reduce costs |
|
A set of business process that allow multiple independent entities to function as one 'virtual' organizatoin to develop and deliver products
|
Supply Chain
|
|
Distorted product demand information passes from one entity to the next throughout the supply chain
|
Bull-Whip Effect
|
|
management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
|
Supply Chain Management
|
|
XML
|
Extensibly Markup Language: used to model and structure data
|
|
Places logic for a service in one place and all other services go to it for that service
|
encapsulation
|
|
systematic process of creating, assessing, and altering business process
|
Business Process Management
|
|
Functional business process management scope
|
Single department
|
|
Cross-Functional business process management scopes
|
eliminate/reduce isolated systems and data, uses committees to resolve conflicts between departments
|
|
Interorganizational business process management scopes
|
most difficult to do
-SCM, credit cart transaction processing. -Requres negotiation, contracts, litigation to resolve conflicts between organizations |
|
Stages of BPM
|
1. Create model for business process components (As-is model)
2. Create and implement system componenets ( make process more efficient and effective by: automation, create linkages among processes, cost and value analysis) 3. Assess Results: -Review the changes, and continuall to change and improve it |