Midterm Review Flashcards
Define innovation
List examples of innovative business models
Define and explain the use of Business Intelligence Tools
Business Intelligence tools (BIT) are used to make better, more efficient, decisions by processing and transforming data into useful information.
Explain the functional areas in a business
Distinguish between data information
Describe digital communication tools and explain how they support business operations
Explain the role of an information system and its components
List the different types of information system
Explain the role of TRP
Explain the role of DSS
Explain the role of CRM
- Marketing
- sales
- service
Explain which functional areas CRM supports and how
Explain the business value of CRM
Define a sales pipeline in relation to CRM
Define contact management in relations to CRM
Define lead management in relation to CRM
Define prospects in relation to CRM
Define operational CRM
Define analytical CRM
Define and explain the role of ERP
Define feedback and explain its role in information systems
Explain the drawbacks and challenges of an enterprise application
List and define next-gen enterprise applications
List and explain the factors in Porter’s Competitive Forces Model
Define the business tool used to analyse competitive forces in the market
Define “data warehouse”
Define “collaboration”
Explain the growing importance of collaboration
Explain the benefits of collaboration and teamwork in businesses
List the requirements for collaboration
Distinguish between “Command and Control” organisations, and collaborative business culture
Explain Social Business
Describe tools and technologies that support collaboration
Explain the Time/Space Collaboration and Social Tool Matrix and
List the members of the Information System Department in a business
- Chief Information Officer (CIO)
- Chief security officer (CSO)
- Chief Knowledge Officer (CKO)
- Chief Privacy Officer (CPO)
- Chied Data Officer (CDO)
- Programmers
- System analysts
- Information System Management
- End users
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