Chapter 1- Importance of MIS Flashcards
Nonroutine Cognitive Skills
Robert Reich, former Secretary of Labor outlines four: abstract reasoning, systems thinking, collaboration and ability to experiment.
Moore’s Law
The number of transistors per square inch double every 18 months. Because of Moore’s Law, the cost of data communications and data storage is essentially zero.
Abstract Reasoning
The ability to make and manipulate models.
Systems Thinking
The ability to model the components of the system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure an dynamics of the phenomenon observed.
Collaboration
The activity of two or more people working together to achieve a common goal, result, or work product. The single most important skill for effective collaboration is to give and receive critical feedback.
Experimentation
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.
Why is this course the most important course in business school?
- It will give you the background you need to assess, evaluate and apply emerging information systems technology to business.
- It can give you the ultimate in job security - marketable skills - by helping you learn abstraction, systems thinking, collaboration and experimentation.
Management Information Systems (MIS)
The management and use of information systems that help organizations achieve their strategies. It has three key elements: management and use, information systems and strategies.
System
A group of components that interact to achieve some purpose.
Information System (IS)
A group of components that interact to produce information.
Five-Component Framework of a computer-based information system:
Hardware, Software, Data, Procedures, People
Information Technology (IT)
Refers to the products, methods, inventions, and standards that are used for the purpose of producing information. IT pertains to the hardware, software, and data components.
Information
Knowledge derived from data, whereas data is defined as recorded facts or figures. Information is processed data presented in a meaningful context.
Where is information?
If it’s on a piece of paper or on a digital screen it’s data. If it’s in the mind of a human it’s information. The information a person conceives from the data is the value that they add to the information system.
Data characteristics required for good information
- Accurate
- Timely
- Relevant
- to context
- to subject
- Just sufficient
- Worth it’s cost
