Midterm 2 Flashcards
When Lizzie joins the company, her information, such as full name, preferred name, person, ID, and employee ID will be captured, at this time departments are using the exact same raw data. This is called what?
ERP system. An enterprise resource planning system.
An application with the centralized database that can be used to run a companies entire business
ERP system
What are ERP systems designed for?
To manage an integrate different business processes and operations
Some popular ERP systems are supported by
SAP, Oracle, Microsoft
ERP systems are extremely
Costly
This type of software helps. Businesses better manage their customers.
CRM. Customer relationship management software.
Some ERP software systems include what as one of their modules
CRM
What type of software steps in and connects all business functions to better prepare, concrete, and maintain custom relationships
CRM
The handling of the entire production flow of a good or service. Starting from the rock components all the way to delivering the final product to the consumer.
SCM. Supply chain management.
What are the three ways to develop a system?
In house, through, purchasing, or through outsourcing
Have your own team build the exact product you want. There are lots of benefits you get what you want you protect any confidential information as well, but it is very time-consuming and costly.
In house development
Purchase a system that already exists in the market is an option. Plus, you can alter the system a bit to cater to your own needs, and it is relatively cheap, but you cannot customize and modify most of the functions.
Through purchasing development
Better option than in-house in terms of cost. You will have a group experience experts to build the system for you, but the flow becomes. You must disclose confidential information to external users.
Outsourcing
What are the three steps of a feasibility analysis?
Technical financial and organizational
A team to meet an end goal under constraints
Project
P.m. stands for
Project manager
Initiation, planning, execution, monitoring and controlling, closure
Five steps of a project development lifecycle
Project managers need to know how to
Plan an execute projects, very clearly
SDLC stands for
Software development lifecycle
A methodology that helps developers plan create test, and develop high-quality software products at the lowest costs, and as quickly as possible
SDLC
Can STLC be used for small scale projects, and large scale enterprise applications?
Yes
How many stages are there in SDLC?
Six
In order, what are the six stages of SDLC
Planning, requirement, analysis, designing, implementation, testing, deployment
Challenges, status quo of the market and consumer behavior, and push for innovation
Disruptive technology
A technology that is abrupt to the market, and significantly alters the way that consumers, industries, or businesses operate
Officially defining disruptive technology as
No one consisting their competitive advantages without
Incremental innovations
True or false a start up with limited resources can aim at technology disruption by inventing an entirely new way of getting something done
True
Established companies tend to focus on what they do best and pursue…. Rather than revolutionary changes.
Incremental improvements
Play disruptive, technology, supersedes
An old processed product or habit
Does disruptive technology usually have superior attributes that are immediately obvious
Yeah
What type of company is the usual source of disruptive technologies?
Upstart
Browsing online, placing an order, and delivery
Breaking down e-commerce to a few pieces, that heavily rely on IT and IS
In the year 2000 Google released… the very first online marketing tools that helps businesses reach new customers online by optimizing personalization which further contributed to the foundation of e-commerce
Adwords
