MIS Final Studyguide

MIS Final Studyguide - MIS Final Study guide Chapter 1 (2...

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MIS Final Study guide Chapter 1 (2 questions) What Is an Information System? o System- A group of components that interact to achieve some purpose o Information System- A group of components that interact to produce information: o Five-Component framework 1)Computer Hardware 2) Software 3) Data 4)procedures 5) People What Is MIS? Information systems that are related to business o Development and Use of Information Systems o Achieving Business Goals and Objectives How Does IS Differ from IT? o Information Technology: Methods, inventions, standards and products How Do Successful Business Professionals Use IS? o Getty Images, 100% profit because production cost What New Opportunities for IS Are Developing Today? Two Opportunities, Right Now o Free Data o Free Communication o Moore’s Law: Number of transistors per square inch on a computer chip doubles every 18 months, since speed increases, unlimited possibilities Dramatic Reduction in Price/Performance Ratio What Is Your Role in IS Security? Strong Passwords Password Etiquette Chapter 2 (3 questions) How Did This Stuff Get Here? Business Process: A network of activities, resources, facilities, and information. Business System: Another name for business process What Are the Components of a Business Process? o A business process consists of activities, resources, facilities, and information.
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Activities: Transform resources and information of one type into resources and information of another type. Resources: Items of value. Suppliers and customers as well Facilities: Structures used within the business process, inventories and databases Information: Activities use information to determine how to transform the inputs they receive into the outputs they produce What Is Information: o Information: Knowledge derived from data o Characteristics of Good Information Accurate Relevant Timely Barely Sufficient Worth its cost What Is the Role of Information in Business Processes? o The business process generates information by bringing together important items of data in a given context How Do Information Systems Support Business Processes? o What Does It Mean to Automate a Process Activity? **Chapter 3** (8 questions) How Does Organizational Strategy Determine Information Systems Structure?
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o Organizations examine the structure of their industry and determine a competitive strategy. What Five Forces Determine Industry Structure? 1) Customer bargaining power 2) Rivalry 3) Substitution Threat 4) Supplier Bargaining Power 5) New Entrant Threat What Is Competitive Strategy: o How an organization responds to the structure of their industry Broad Cost Leadership: Across industry (most efficient) Narrow Cost Leadership: Focused on particular industry segment (most efficient)
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Broad Differentiation: Across industry (most effective) Narrow Differentiation: Focused on particular industry segment (most
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This note was uploaded on 02/13/2012 for the course MIS 235 taught by Professor Sunrro during the Fall '08 term at Miami University.

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MIS Final Studyguide - MIS Final Study guide Chapter 1 (2...

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