MIS REVIEW TEST ONE - MIS REVIEW TEST ONE Management...

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Randomness is important! acquisition requirements retirement ownership bandwidth Economic Relationships chip computers connectivity human knowledge knowledge decisions data information People and technology MIS REVIEW TEST ONE Management information systems- an organized collection of people, procedures, databases and devices to provide routine information to managers and decision makers Databases Sampling Simple random sample Stratified Cluster Hybrid Multistage sample The Networked Economy: A New Way of Doing Business Networked Economy- Enhanced, transformed, or new economic relationships based on computer networks and human knowledge - In what ways is our world moving into a networked economy? o Computer networks o Internet / world wide web (NOT synonyms!) o Web time-web year (web year is 3 months) Ownership Process - How is the networked economy changing the rules? Areas of change Industrial economy Networked economy Scarcity Land, capital Time Searching strategies Paper based, in person Web based Transactions Face to face, phone, mail checks, cards Email, web, electronic payments Communication One to one Many to many
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Information storage Analog Digital Attendance Call roll Web based - What are the key elements of the networked economy? o Data processing information - What is the infrastructure of the networked economy? o Information technology= all forms of technology used to create, store, exchange, and use information in its various forms o Hardware o Software o Programs: personal productivity software, organizational productivity, processing transactions - What is the role of information technology in organizations? o Systems Input Processing Output Feedback o Information systems (IS) Request interpretation
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Processing o Information systems cycle remember the past transactions data handling the preparing for present Decisions the future Strategies for Competitive Advantage - Altering the industry structure - Creating new products and services Type Purpose Role Transaction processing system Handles transactions and stores result in organizational memory Handle the present Organization al memory Stores data from TPS Remember the past Decision support systems Aids employees and managers to make decisions prepare for the future - Improving existing product lines and services - Using information systems for strategic purposes Transaction Processing System- an organized collection of people, procedures, software, databases, and devices used to record completed business transactions IS in organizations: Information technology Information systems (IS) Information systems cycle
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This test prep was uploaded on 04/21/2008 for the course MIS 311F taught by Professor Cleveland during the Fall '07 term at University of Texas at Austin.

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MIS REVIEW TEST ONE - MIS REVIEW TEST ONE Management...

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