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REVIEW SHEET FOR BMGT301 MIDTERM EXAM – FALL 2009 1 Information Goods - What IS an information good and what properties do information goods possess? Does IT Matter? Nicholas Carr’s arguments for why it doesn’t matter and McAfee- Brynjolfsson’s reasons why IT does matter (from 1 st session on strategy) o Nicolas Carr: IT is a commodity, like electricity IT’s main effect is to facilitate data transportation Software is available to anyone SO: we cant live without IT, but it offers us little strategic advantage. IT is just the cost of doing business. Do not be leaders in IT adoption, be followers. o McAfee-Brynjolfsson As a result of IT competitive advantage has a concentration at the top, more “churn in rivals within an industry, and there is a greater gap between leaders and laggards. Firms should deploy, innovate, and propagate. Five Forces Model o What is its purpose? What are the 5 components and why are they important? Five forces model determines the rivalry among existing competitors Threat of new entrants Bargaining power of suppliers Threat of substitute products of services Bargaining power of buyers. SDLC Be familiar with the phases of SDLC (what occurs in each one, etc.) o Planning Operational feasibility Does it meet business-operating requirements? Will people use it? If we need to change business procedures, can we? Financial and economic feasibility Cost/benefit analysis Return on investment Technical feasibility Do we have the required technology or can we get it? 1 Note that this study guide is intended to help students focus their study efforts (i.e. it is not a contract )
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Is the technology reliable, scalable and secure enough four our requirements? o Analysis/Requirements determination What Is required: Information outputs Data acquisition Technology and business process requirements o Design Outputs: sample reports, screen mockups ect. Inputs: sample data entry screens/forms ect. . Storage: databases and files Information processing Controls and business process design System specification (blueprint) o Development Primary development activities include: Develop the IT infrastructure Develop the database and programs Programming Acquisition of software and services o Testing Primary testing activities include: Write the test conditions Perform the system testing User feedback Bug fixes Business process changes/assessing business impact Problems and opportunities o Implementation Primary implementation activities include: Writing detailed user documentation Determine implementation method o Conversion strategies Parallel Plunge Pilot Phase- In Provide training to users User acceptance Provide training to users User acceptance o Maintenance Involves performing changes, corrections, additions, and upgrades to ensure
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This note was uploaded on 11/15/2010 for the course BMGT 301 taught by Professor Wang during the Fall '08 term at Maryland.

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