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31 Cards in this Set
- Front
- Back
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e-business
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e-business, a company
that performs various business functions electronically |
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electronic commerce (EC or e-commerce).
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business transactions are done electronically over the Internet and
other computing networks |
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networked computing
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The infrastructure for EC is networked computing (also known as distributed
computing), which connects computers and other electronic devices via telecommunication networks. Such connections allow users to access information stored in many places and to communicate and collaborate with others, all from their desktop (or even mobile) computers. These may be connected to the Internet, or to its counterpart within organizations, called an intranet. |
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extranets
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link their intranets to those of their business partners over networks
called extranets. |
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IT
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Broadly, the collection of computing systems used by an
organization is termed information technology (IT) |
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old vs new economy
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go to blockbuster vs go to netflix.com
bring to cashier vs self checkout/add to cart |
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digital economy
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digital economy refers to an economy that is based on digital technologies whose members are able to communicate b/c of IT
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business model
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method of doing business by which a company can
generate revenue to sustain itself |
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components of Business Model
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1)Products and services
2)Business Process 3)Customers 4)resources required 5)supply chain 6)revenues expected |
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information system
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collects, processes, stores, analyzes, and disseminates information for a specific purpose.
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IS: inputs
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data, instructions
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IS: outputs
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reports, calculations
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Computer Based IS
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uses computer technology to perform some or all tasks.
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components of information systems
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hardware, software, data (database), network, procedures, people
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IT supports 6 business objectives
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Improving productivity, reducing costs, improving decision making, facilitating collaboration, enhanced customer relationships, developing new strategic applications
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Business Performance Mgmt
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Step1:What we want?
Step2:How do we get it? Step3:How are we doing? Step4:Adjust performance/goals. |
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critical response activities
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A response can be a reaction to a pressure already in existence, an initiative intended to defend an organization against future pressures, or an activity that exploits an opportunity created by changing conditions.
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Green IT
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Power consumption in Data Centers are enormous.
User power, space, cooling. |
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Green software
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Software that helps a company save energy or comply with EPA
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information ethics
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Ethics relates to standards of right and wrong, and
information ethics relates to standards of right and wrong in information processing practices. |
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value chain model
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the activities conducted in
any manufacturing organization can be divided into two parts: primary activities and support activities. |
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primary activities
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1. Inbound logistics (inputs)
2. Operations (manufacturing and testing) 3. Outbound logistics (storage and distribution) 4. Marketing and sales 5. Service |
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Primary activities are supported by the following support activities:
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1. The firm’s infrastructure (accounting, finance, management)
2. Human resources management 3. Technology development (R&D) 4. Procurement |
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value system
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A value system includes the suppliers that provide the inputs
necessary to the firm and their value chains. |
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real-time system
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used to eliminate blindspots.
an IS that provides fast enough access to info or data so that an appropriate decision can be made, usually before data or situation changes. |
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social computing
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concerned with the intersection of social behavior and ISs.
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virtual world
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computer based simulated environment
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Enterprise 2.0
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involves web 2.0 and includes activities in enterprise social networking and virtual worlds
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facilitator
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A major role of IT is being a facilitator of organizational activities and processes.
That role will become more important as time passes. Therefore, it is necessary that every manager and professional staff member learn about IT not only in his or her specialized field, but also in the entire organization and in interorganizational settings as well. |
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top four occupations
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network systems and data communications analysts
computer applications software engineers computer systems analysts network and computer systems administrators |
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Managerial Issues
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1. Recognizing opportunities for using IT and Web-based systems.
2. Who will build, operate, and maintain the information systems? 3. How much IT? 4. What social networking activities should be pursued? 5. How important is IT? 6. Globalization. 7. Ethics and social issues 8. Transforming the organization to the digital economy. |
