MIS class notes 1st test

MIS class notes 1st test - MIS 311F 1 st Test Class Notes...

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Unformatted text preview: MIS 311F 1 st Test Class Notes 23/01/2007 14:24:00 75% of test is from lecture 25% is from Text February 6 th assigned groups (Group work day) (moved) Exam 1 Feb 22 nd (moved) The Network Economy A new way of doing business o Management Information systems: An organized collection of people, procedures, databases and devices to provide routine information to managers and decision-making. It beginnings and ends with People Databases Sampling To be good it has to be RANDOM Information system: Set of interrelated components that collect, manipulate, stores and disseminate data & info. And provide a feedback mechanism to meet and objective o Ponder these? * What one should be able to answer in end! In what ways is our world moving into a networked economy? How is the networked economy changing the rules? What are the key elements of the networked economy? What is the infrastructure of the networked economy? What is the role of information technology in organizations? Our changing world* o Computer networks* o Internet/ World wide web* (Test question: T or F the internet and the world wide are synonyms False) The world wide web is a part of the internet o Electronic commerce * It runs the way we do business You can do everything online now days Decision need to make in business Pay bills, check email, surf the web o Network econ. * Enhanced, transformed, or new economic relationships based on computer networks and human knowledge People are the most important thing in business Everything comes back to ppl o Someone has to design, sell, and create. You will fail in the business world if you do not think ppl are important (enhanced, transformed, or new) 2 of 3 are has beens only 1 new o take whats been and make it better, easier to accommodate our time, basis 1 st ) o Web time web year*** What is a web time?? (Test question) Web year 3 months (need to be able to apply it. How many from 2003 to 2006) Ecommerce presents a lot of problems Ownership process (ongoing cycle) Think about the process of purchasing a camera o Internet/ ecommerce has changed shopping Changed acquisition Changed requirements Changed ownerships Is not as long Tech changes so rapidly Computers CDs Tapes How is this going to change us?...
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MIS class notes 1st test - MIS 311F 1 st Test Class Notes...

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