MIS Exam 1
Terms
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- Business-to-Business
- Applies to businesses buying and selling to each other over the Internet
- Threat of New Entrants
- In the Five Forces Model, is high when it is easy for new competitors to enter a market and low when there are significant entry barriers to entering a market
- Artificial Intelligence
- Simulates human intelligence such as the ability to reason and learn
- Hypertext Transport Protocol
- the Internet Standard that supports the exchange of information on the WWW.
- Business-to-Consumer
- Applies to any business that sells its products or services over the Internet
- Supply chain
- consists of all parties involved, directly or indirectly, in the procurement of a product or raw material
- Business Intelligence
- Broad, general term describing information that people use to support their decision making efforts
- Chief Information Officer
- The person responsible for (1) overseeing all uses of information technology and (2) ensuring the strategic alignment of IT with business goals and objectives
- Information Technology
- Any computer-based tool that people use to work with information and support the information and information-processing needs of an organization
- Application Service Provider
- Company that offers an organization access over the internet to systems and related services that would otherwise have to be located in personal or organizational computers
- Business Process Improvement
- ?
- 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
- Drill-down
- Enables users to view details, and details of details, of information. Viewing monthly, weekly, daily or even hourly infor represents drill-down ability
- Business Process Mangagment
- ?
- E-Business
- Derived from the term E-commerce, the conducting of business on the Internet
- What-if Analysis
- Checks the impact of a change is an assumption on the proposed solution
- Strategic Decision making
- ?
- Consumer-to-Consumer
- Applies to sites primarily offering goods and services to assist consumers interacting with each other over the Internet
- WEB 2.0
- describes the changing trends in the use of World Wide Web technology and web design that aim to enhance creativity, communications, secure information sharing, collaboration and functionality of the web
- Wireless Internet Service Provider
- An ISP that allows subscribers to connect to a server at designated hotspots or access points using a wireless connection
- Decision Support Systems
- Models information to support managers and business professionals during the decision making process
- Key Performance Indicators
- measures that are tied to business drivers
- Internet Service Provider
- Company that provides individuals and other companies access to the Internet along with additional related services, such as Website building
- Business Process Reengineering
- the analysis and redesign of workflow within and between enterprises
- Business-to-Business Marketplace
- An Internet-based service that brings together many buyers and sellers
- Online Analytical Processing
- The manipulation of info to create business intelligence in support of a strategic decision making
- Online Transaction Processing
- Capturing the transaction and event info using technology to (1) process the info according to defined business rules, (2) store info, and (3) update existing info to reflect the new formation
- Threat of Substitute Products of Services
- In the Five Forces Model, is high when there are many alternatives to a product or service and low when there are few alternatives from which to choose
- Pure-Play (virtual) business
- A business that operates on the Internet only without a physical store. Ex. Amazon.com, Expedia.com
- Consumer-to-Business
- Applies to any consumer that sells a product or service to a business over the Internet