MIS 3775 Test 1.docx - Moore's Law"Because of technology...

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Moore's Law "Because of technology improvements in electronic chip design and manufacturing, the number of transistors per square inch on an integrated chip doubles every 18 months." Abstract Reasoning The ability to make and manipulate models The Five-Component Framework Hardware, Software, Data, Procedures, People. Good Information is... Accurate, timely What is the difference between Information Technology and Information Systems? An information system is an assembly of the five- component framework that produces information. Information Technology refers to the products, methods inventions and standards that are used for the purpose of producing information. What are the components of a collaboration information system? Hardware (client and server), Software (google docs and spreadsheets, microsoft groove, microsoft sharepoint), Procedures (starting phase, planning phase, doing, wrapping-up, iteration and feedback), People. Synchronous Communication Occurs when all team members meet at the same time, e.g. conference calls or face-to-face meetings. Asynchronous Communication Occurs when team members DO NOT meet at the same time, e.g. emails. Shared content with no control The most primitive way to share content is via email attachments. Shared file server. Shared content with version management Wiki's, google doc's & spreadsheets, microsoft office groove, Sequential Workflow Activities occur in sequence. Parallel Workflow Reviews occur simultaneously Using Collaboration Systems for decision-making: Operational decisions Concern day-to-day activities Using Collaboration Systems for decision-making: Managerial decisions. Concern the allocation and utilisation of resources. Using Collaboration Systems for decision-making: Strategic decisions. Concern broader scope, organisational issues. Structured Decision process An understood and accepted method for making the decision. Unstructured Decision process There is no agreed decision making method. Porter's Five-Forces Model Bargaining power of customers, threat of substitutions. bargaining power of suppliers, threat of new entrants, rivalry. An organisation responds to the structure of it's industry by choosing a... Competitive Strategy. Competitive Strategy
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What makes a company above other companies, e.g. cost leader. Differentiation Strategy Create costly systems, only if the systems provide benifits that outweigh their risks Business Process A network of activities that generate value by transforming inputs into outputs. Margin The value of outputs minus the cost. Central Processing Unit (CPU) Sometimes known as the "brain" of the computer. Selects instructions, processes them, performs arithmetic and logical comparisons, and stores results of operations in memory. The main memory of a CPU is sometimes called...
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