BUS220 - Week 1 Flashcards
Cover WEEK 1 Material
Organizational impacts of IT
To succeed in today’s environment, it is often necessary to change business models and strategies.
IT enables organizations to survive and thrive in the face of relentless business pressures.
IT may require a large investment over a long period of time.
Organizations can utilize their platforms to develop new Web-based applications, products, and services, as well as to provide superb customer service.
business process
A collection of related activities that produce a product or a service of value to the organization, its business partners, and/or its customers.
Impact of IT on organizations
- Need to change business modes & strategies
- IT enables orgs to survive & thrive under relentless pressures
- May require a large investment
- Orgs can utilize their platforms to develop new web-based applications, products and services/superb service
business process management (BPM)
A management technique that includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.
data items
An elementary description of things, events, activities, and transactions that are recorded, classified, and stored but are not organized to convey any specific meaning.
.digital divide
he gap between those who have access to information and communications technology and those who do not.
globalization
The integration and interdependence of economic, social, cultural, and ecological facets of life, enabled by rapid advances in information technology.
individual social responsibility (see organizational social responsibility)
information
Data that have been organized so that they have meaning and value to the recipient.
information systems (see management information systems) information technology
Any computer-based tool that people use to work with information and support the information and information-processing needs of an organization.
information technology (IT) architecture
A high-level map or plan of the information assets in an organization.
information technology (IT) infrastructure
The physical facilities, IT components, IT services, and IT personnel that support an entire organization.
knowledge
Data and/or information that have been organized and processed to convey understanding, experience, accumulated learning, and expertise as they apply to a current problem or activity.
make-to-order
The strategy of producing customized products and services.
management information systems (also information systems)
The planning, development, management, and use of information technology tools to help people perform all tasks related to information processing and management.
mass customization
A production process in which items are produced in large quantities but are customized to fit the desires of each customer.
organizational social responsibility (also individual social responsibility)
Efforts by organizations to solve various social problems.
Differentiate among data, information, and knowledge.
Data items refer to an elementary description of things, events, activities, and transactions that are recorded, classified, and stored, but not organized to convey any specific meaning. Information is data that have been organized so that they have meaning and value to the recipient. Knowledge consists of data and/or information that have been organized and processed to convey understanding, experience, accumulated learning, and expertise as they apply to a current business problem.
Describe business processes and discuss business process management.
A business process is a collection of related activities that produce a product or a service of value to the organization, its business partners, and/or its customers. A process has inputs and outputs, and its activities can be measured. Many processes cross functional areas in an organization, such as product development, which involves design, engineering, manufacturing, marketing, and distribution. Other processes involve only one functional area.
To a great degree, the performance of an organization depends on how well it manages its business processes. As a result, organizations emphasize business process management (BPM), which is a management technique that includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.
A business process is a collection of related activities that produce a product or a service of value to the organization, its business partners, and/or its customers. A process has inputs and outputs, and its activities can be measured. Many processes cross functional areas in an organization, such as product development, which involves design, engineering, manufacturing, marketing, and distribution. Other processes involve only one functional area.
To a great degree, the performance of an organization depends on how well it manages its business processes. As a result, organizations emphasize business process management (BPM), which is a management technique that includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.
An organization’s information technology architecture is a high-level map or plan of the information assets in an organization. The IT architecture integrates the information requirements of the overall organization and all individual users, the IT infrastructure, and all applications. An organization’s information technology infrastructure consists of the physical facilities, IT components, IT services, and IT management that support the entire organization.
Describe the global, Web-based platform and its relationship to today’s business environment.
The global, Web-based platform consists of the hardware, software, and communications technologies that comprise the Internet and the functionality of the World Wide Web. This platform enables individuals to connect, compute, communicate, compete, and collaborate everywhere and anywhere, anytime and all the time, and to access limitless amounts of information, services, and entertainment. This platform operates without regard to geography, time, distance, or even language barriers. The Web-based platform has created today’s business environment, which is global, massively interconnected, intensely competitive, 24/7/365, real-time, rapidly changing, and information-intensive.
Types of Information Systems
(CBIS) use computer technology to perform some or all of their tasks and are composed of: •A Network •Procedures •People •Hardware •Software •A Database
Capabilities of Information Systems
Perform high-speed, high-volume numerical computations
Provide fast, accurate communication and collaboration within and among organizations
Store huge amounts of information in small space
Allow quick, inexpensive access to vast amounts of information worldwide
Interpret vast amounts of data quickly and efficiently
Increase effectiveness and efficiency of people working in groups in one place or around the world
Automate semiautomatic business process and manual tasks
Application Programs
An application program is a computer program designed to support a specific task, a business process or another application program.
Breadth of Support of Information Systems
Functional area information systems
Enterprise resource planning systems
Transaction processing systems
Interorganizational information systems
Information Systems Support for Organization Employees
Office automation systems Functional area information systems Business intelligence systems Expert Systems Dashboards
Porter’s Competitive Forces Model
The best-known framework for analyzing competitiveness is Michael Porter’s competitive forces model (Porter, 1985). (Slide 70 Week 1)
Strategies for Competitive Advantage
Cost Leadership Differentiation Innovation Operational Effectiveness Customer-orientation
Why are Information Systems Important to Organizations & Society
IT will reduce the number of middle managers.
IT will change the manager’s job.
IT impacts employees at work.
IT provides quality-of-life improvements.