Quiz #1 Flashcards
Key Elements for a Management Information System?
Management and use, information systems and strategies
Goal of MIS
manage information systems to achieve business strategies
Information System
group of components that interact to produce information
Five-Component Framework
Hardware, software, data, procedures and people
IS = ?
IT + Procedures + People
What is Management Information Systems?
the study of people, technology and organizations; focuses on business processes and information technology
Information Age
production, distribution, control of information; primary driver of the economy
Digital Revolution
started in 1970s, the conversion from mechanical and analog devices to digital devices
Bell’s Law
new computer class forms roughly each decade establishing a new industry (i.e iPhones)
Moore’s Law
the number of transistors per square inch on an integrated chip doubles every 18 months
Metcalfe’s Law
the value of a network is equal to the square of the number of users connected to it (n=n(n-1)/2)
Evolution of digital technology has fundamentally altered business and has become a primary driver of?
Corporate profitability
Marketable Skills
ability to adapt to changing technology and shifting demand, favor strong non routine cognitive skills
Types of Marketable Skills
abstract reasoning, systems thinking, collaboration, ability to experiment
IT = ?
hardware + software + data
Collaboration
Feedback + iteration (think cycle and working TOGETHER in a project)
Cooperation
NO feedback (think straight line towards the project)
What do you need for successful collaboration?
providing and receiving critical feedback
Three Criteria for Successful Collaboration
successful outcome, growth in the team over time, and meaningful/satisfying experience
Four Primary Purposes of Collaboration
become informed (share data & communicate interpretations, and develop + document shared understandings), make decisions, solve problems, manage projects
Operational Decisions
day-to-day activities (ex. restocking inventory), low collaboration, more structured
Managerial Decisions
allocating and utilizing resources (ex. hiring and firing store employees), medium collaboration, becomes unstructured
Strategic Decisions
broad-scope, organizational issues (ex. launching a new product), high collaboration, even more unstructured
Problem Solving Tasks
define problem, identify solutions, specify eval criteria, evaluate alternatives, select alternative, implement
