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science

Abhay

Terms

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Accurate information
good information
Primary activities
Main activities that improve margin
MIS
development and use of information systems that help businesses achieve their goals and objactives
Competitive strategy
strategy that gives an industry a competitive edge
Resources
items of value
Activity
transform resources and informaiton of one type into resources and information of another type
Linkages
interactions across value activities
Information
knowledge derived from data
Five forces model
determines industry profitability: bargaining power of customers, threat of substitution, bargaining power of suppliers, threat of new entrants, rivalry
Switching costs
cost of switching
Information System
group of components that interact to produce information
Value chain
network of value-creating systems
Timely information
good information produced in time for its intended use
Facilities
structures used within the business process
Business process
network of activities,resources, facilities, and information that interact to achieve some business function
Information technology
methods, inventions, standards, and products
Business system
Business process
Five-component framework
computer hardware, software, data, procedures, people
Automated system
business process handled by computers that now do the work the people used to do
Sufficient information
right for the purpose for which it is generated, but just barely so
Margin
net benefit
Manual system
system done by hand by people
Moore's Law
number of transistors per square inch on an integrated chip doubles every 18 months
Worth-its-cost information
appropriate relationship between the cost of information and its value
Support activities
Supports primary activities
Just-barely-sufficient information
Information that is beneficial in the least amount possible to be efficient
Relevant information
ties in both context and the subject

Deck Info

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