management chapter 18

22 terms by jdan9899 

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data

raw, unsummarized, and unalayzed facts

information

data that are organized in a meaningful fashion

real-time information

frequently updated infromation that relfects current conditions

information technology

the set of methods or techniques for acquiring, organizing, storing, maniuplating and transmitting information

management information system (MIS)

a specific form of IT that managers utilize to generate the specific detailed information they need to perform their effectively

product life cycle

the way demand for a product changed in a predictable pattern of time. Embryonic, Growth, mature, decline

networking

the exchange of information through a group or network of interlinked computers

transactional processing system

a managemen information system designed to handle large volumes of routine, recurring transactiosn

operations information system

a management information system that gathres, organizes, and summarizes comprehensive data is can use in a form that managers can use in their nonroutine coordinating, controlling, and decision-making tasks

decision support system

an interactive computer-based management information system that managers can use to make nonroutine decisions

executive support system

a sophisticated version of a decision support system that is designed to meed the needs of top managers

group decision support system

an executive support system that links top managers so that they can funciton as a team

artificial intelligence

behavior performed by a achine, that if performed bya h uman being, would be called inelligent

expert system

a management informatino system that employs human knowledge, embedded in a computer, to solve problems that ordinarily require human expertise.

enterprise resource planning (ERP) systems

multimodule application software packages that coordinate the funcitonal activities necessary to move products from the product design stage

e-commerce

trade that takes place between companies, and between companies and individual customers, using IT and the internet

business-to-business (B2B) commerce

trade that takes place between companies using IT and the internet to link and coordinate the value chains of different companies

B2B marketplace

an internet-based trading plaform set up o connect buyers and sellers in an industry

business to customer (B2C) commerce

trade that takes place between a company and an individual customer using IT and the internet

B2B Network structure

a series of global strategic alliances that an organization creates with suppliers, manufacturers, and/or distributors to produce and market a product.

boundaryless organization

an organization whose members are linked by computers, faxes etc. Rarely see face to face

knowledge management system

a company-specific virtual information system that systematizes the knowledge of its employees and facilitates the sharing and integrating of their expertise.

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