Chapter 1-4 key word exam review

Chapter 1-4 key word exam review - Definitions Chapter 1 1....

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
1. Wisdom – Accumulated knowledge, gained through a combination of academic study and personal experience, that goes beyond knowledge by representing broader, more generalized rules and schemas for understanding a specific domain and domains; wisdom allows you to understand how to apply concepts from one domain to new situations or problems. 2. New economy – An economy in which information technology plays a significant role and that enables producers of both tangible (computers, shoes, etc.) and intangible (services, ideas, etc.) goods to compete efficiently in global markets. 3. Information – Data that has been formatted and/or organized in some way as to be useful to people. 4. Outsourcing – The moving of routine jobs and/or tasks to people in another firm, at less cost. 5. Systems Integration – Connecting separate information systems and data to improve business processes and decision making. 6. Downsizing – The practice of slashing costs and streamlining operations by laying off employees. 7. Chief information officer – (CIO) executive-level individual who is responsible for leading the overall information systems component within an organization and integrating new technologies into the organization’s business strategy. 8. Information systems – System designed to support decision making based on stable point-in-time or historical data. 9. Service Mentality –
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 11/30/2011 for the course IS 340 taught by Professor Andrew during the Spring '09 term at Western Illinois University.

Page1 / 5

Chapter 1-4 key word exam review - Definitions Chapter 1 1....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online