MIS Test 1 review

MIS Test 1 review - MIS 3305 Fall 2010 Chapter 1...

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MIS 3305 Fall 2010 Chapter 1 – Information Systems in Business Apple Case IT’s Role in Business - reduces cost, improves productivity, generates growth,… It is a huge part of business today Definitions – *IT- Information Technology- any computer based tool that people use to work with information and support the information processing needs of organizations *MIS - Management information Systems- the function that plans for, develops, implements, and maintains IT hardware, software, and applications that people use to support the goals of an organization *Data - raw facts that describe the characteristics of an event *Information - data converted into a meaningful and useful context People roles in IT and the resources used - Measuring IT with Efficiency and Effectiveness- *Efficiency – “Doing things right”- getting the most from each resource *Effectiveness – “Doing the right things”--setting the right goals and objectives and making sure they are accomplished Evaluating Business Competitive Advantage - Competitive advantage – a product or service that an organization’s customers place a greater value on than similar offerings from a competitor
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This document was uploaded on 10/17/2010.

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MIS Test 1 review - MIS 3305 Fall 2010 Chapter 1...

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