Chapter 1 Flashcards
(44 cards)
Manner in which work is organized, coordinated and focused to produce a valuable product and service
Business Processes
What are the 4 functional areas?
Manufacturing and Production
Sales and Marketing
Finance and Accounting
Human Resources
How does Information Technology improve business processes?
-automate steps that were formerly performed manually. e.g checking a client’s credit, generating an invoice and shipping order
What are the Systems for different Management Groups?
Transaction Processing Systems
Management Information Systems
Decision Support Systems
Systems for Business Intelligence
Track elementary activities and transactions of the organization
Transaction Processing Systems
Helps with the monitoring, controlling, decision making and administrative activities
Management Information Systems
Supports more non routine decision making.
Decision Support Systems
- for organizing, analyzing, and providing access to data to help managers and other enterprise users
Business Intelligence
Filter, compress and tracks critical data, displaying data of greatest importance to senior managers
Executive Support Systems
What are the different Enterprise Applications?
- Enterprise Systems
- Supply Chain Management Systems
- Customer Relationship Management Systems
- Knowledge Management Systems
this integrate business process into a single software systems
Enterprise Systems
This help manage relationships with their suppliers
Supply Chain Management Systems
this help manage their relationship with their customers
Customer Relationship Management Systems
- Enable organizations to better manage processes for capturing and applying knowledge and expertise
Knowledge Management Systems
Company websites that are accessible only by employees
Intranets
Company websites that are accessible to authorized vendors and suppliers
Extranets
Use of digital technology and the Internet to execute major business processes in the enterprise
Electronic Business (E-Business)
Deals with the buying and selling of goods and services over the Internet
Electronic Commerce (E-Commerce)
Enables government and public sector agencies relationships with citizens
E-Government
is working with others to achieve shared and explicit goals
Collaboration
Importance of collaboration and Teamwork
- Changing nature of work
- Growth of professional work
- Changing organization of the firm
- Changing scope of the firm
- Emphasis on innovation
- Changing culture of work and business
Business Benefits of Collaboration and Teamwork
- Productivity
- Quality
- Innovation
- Customer Service
Financial Performance (profitability, sales, and sales growth)
thought up all the important matters
Top Leaders
The job of what is to pass the messages back and forth?
middle management