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MIS EXAM 1
Terms in this set (46)
In Porter's value chain model, the activities that contribute indirectly to value creation: procurement, technology, human resources, and the firm's infrastructure.
Digital Devices will evolve so quickly that they will enble new platforms, programming environments, industries, networks, and information systems every 10 years.
What three levels are decisions made at?
Operational. Managerial, Strategic.
Model consisting of five components: threat of substitutions, threat of new entrants, competition from existing rivals, bargaining power of suppliers, and bargaining power of customers.
Five Forces Model
Critical skill defined as the ability to model the components of a system to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed.
The value of a network is equal to the square of the number of users connected to it.
The difference between the value that an activity generates and the cost of the activity.
Critical skill defined as the activity of two or more people working together to achieve a common goal, result, or work product.
Four phases of project management?
Starting, planning, doing, finalizing
What is a structured decision? What kind of decisions are structured?
There is an understood and accepted method for making the decision.
Operational and sometimes managerial
Principle that states that technology doubles every year.
A network of activities for accomplishing a business function.
Critical skill defined as 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.
No agreed on decision making method. What kind of decisions fall in this category?
Unstructured decision.Strategic and sometimes managerial.
The strategy an organization chooses as the way it will succeed in its industry. According to porter, there are four fundamental competitive strategies: cost leadership across an industry or within a particular industry segment and product or service differentiation across an industry or within a particular industry segment.
In Porter's model of business activities, interactions across value chain activities.
A group of components that interact to achieve some purpose.
Network connection speeds for high-end users will increase by 50 percent per year
Activities that contribute directly to the production, sale, or service of a product. In porter's model they are inbound logistics, operations and manufacturing, outbound logistics, sales and marketing, and customer service.
Business strategy of locking in customers by making it difficult or expensive to change to another product or supplier.
As defined by porter, the amount of money that a customer is willing to pay for a resource, product, or service.
Two types of data involved in collaboration.
Project data and project metadata
A network of value-creating activities
The storage density on magnetic disks is increasing at an exponential rate.
Critical skill defined as the ability to make and manipulate models.
What are three criteria for successful collaboration?
Successful outcome, growth in team capability, meaningful and satisfying experience.
Three sets of collaboration tools
Minimal, Good, Comprehensive
Typically defined as an information system that uses computer resources
Computer-Based Information System
The management and use of information systems that help businesses achieve their strategies. Consists of three key elements: management and use, information systems, and strategies.
Management Information System
A group of components that interact to produce information.
Positive and negative advice given to improve an outcome.
A phenomenon where the desire for group cohesion leads to poor decision making.
The number of transistors per square inch on an integrated chip doubles every 18 months
Computers are getting exponentially faster. The cost of data processing is approaching zero
The value of a network is equal to the square of the number of users connected to it
More digital devices are connected together. The value of digitial and social networks is increasing exponentially
network connection speeds for high-end users will increase by 50% per year
Network speed is increasing. Higher speeds enable new products, platforms and companies
Storage density on magnetic disks is increasing at an exponential rate
Storage capacity is increasing exponentially. The cost of stroing data is approaching zero.
construct a model or representation
model system components and show how components' inputs and outputs relate to one another
Develop ideas and plans with others. Provide and receive critical feedback.
Ability to Experiment
create and test promising new alternatives, consistent with available resources
1. Create a new product or service
2. Enhance products or services
3. Differentiate products or services
1. Lock in customers and buyers
2. Lock in suppliers
3. Raise barriers to market entry
4. Establish alliances
5. Reduce costs
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