Term
Information Technology (IT) |
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Definition
Various hardware components necessary for the system to operate |
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Term
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Definition
All components and resources necessary to deliver information and information processing functions to the organization |
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Term
What is an Information System? |
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Definition
- An organized combination of:
- People
- Hardware and Software
- Communication Networks
- Data Resources
- This System:
- Stores, retrieves, transforms and disseminates information in an organization
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Term
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Definition
Raw factos or obervations typically about physical phenomena or business transactions |
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Definition
Data that have been converted into a mealinful and useful context for specific end users |
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Term
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Definition
Physical devices and materials used in infomation processiong including computer systems, peripherals and media |
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Definition
Sets of information processing instructions including system software, application software and procedures |
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Definition
Examples include twisted-pair wire, coaxial and fiber-optic cables, microwave, cellular, and satellite wireless technologies |
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Definition
Examples include communications processors such as modems and internetwork processors, and communications control software such as network operating systems and Internet browers packages |
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Information Systems Activities |
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Definition
- Input of Data Resources
- Processing of Data into Information
- Output of Information Products
- Storage of Data Resources
- Control of System Performance
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Definition
Data about business transactions and other events must be captured and prepared for processing by the input activity |
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Processing of Data into Information |
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Definition
Data is typically subjected to processing activities such as calculating, comparing, sorting, classifying and summarizing. |
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Output of Information Products |
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Definition
Information in various forms is transmitted to end-users and made available to them in the output activity |
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Term
Three Primary Eras of Computing: |
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Definition
* Mainframe computing
* PC and distributed systems
* Web-based pervasive computing |
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Storage of Data Resources |
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Definition
Storage is the information system activity in which data and information are retained in an organized manner for later use |
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Control of System Performance |
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Definition
- An information system should produce feedback about its input, processing, output and storage activities
- Feedback must be monitored and evaluated to determine if the system is meeting established performance standards
- Feedback is used to make adjustments to system activities to correct deficiencies
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Term
Operations Support Systems:
What do they do? |
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Definition
- Efficiently process business transactions
- Control industrial processes
- Support communications and collaboration
- Update corporate databases
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Role of Information Systems |
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Definition
- Support business processes and operations
- Support business decision making
- Support strategies for competitive advantage
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Management Support Systems:
What do they do? |
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Definition
Provide information and support for effective decision making by managers
- Management information systems
- Decision support systems
- Executive information systems
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Types of Operations Support Systems |
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Definition
- Transaction Processing Systems
- Process Control Systems
- Enterprise Collaboration Systems
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Transaction Processing Systems |
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Definition
- Record and process business transactions
- Examples: sales processing, inventory systems, accounting systems
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Definition
- Monitor and control physical processes
- Example: Using sensors to monitor chemical processes in a petroleum refinery
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Enterprise Collaboration Systems |
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Definition
- Enhance theme and workgroup communication
- Examples: email, video conferencing
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Types of Management Support Systems |
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Definition
- Management Information Systems (MIS)
- Decision Support Systems (DSS)
- Executive Information Systems (EIS)
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Management Information Systems (MIS) |
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Definition
- Reports and displays
- Example: daily sales analysis reports
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Term
Decision Support Systems (DSS) |
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Definition
- Interactive and ad hoc support
- Example: A what-if analysis to determine where to spend advertising dollars
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Executive Information Systems (EIS) |
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Definition
- Critical information for executive and managers
- Example: easy access to actions of competitors
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Term
Two Ways to Process Transactions |
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Definition
- Batch Processing
- Accumlate transactions over time and process periodically
- Example: A bank processes all checks received in a batch at night
- Online Processing
- Process transactions immediately
- Example: A bank processes an ATM withdrawal immediately
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Definition
- Provide expert advice
- Example: Credit card application advisor
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Knowledge Management Systems |
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Definition
- Support creation, organization, and dissemination of business knowledge throughout company
- Example: intranet access to best business practices
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Strategic Information Systems |
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Definition
- Help get a strategic advantage over customer
- Examples: shipment tracking, e-commerce Web systems
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Functional Business Systems |
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Definition
- Focus on operational and managerial applications of basic business functions
- Examples: accounting, finance or marketing
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Term
Porter's Competitive Forces Model |
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Definition
To survive and succeed, a business must develop and implement strategies to effectively counter the:
- Rivalry of competitors within its industry
- Threat of new entrants into an industry and its markets
- Threat posed by substitute products which might capture market share
- Bargaining power of customers
- Bargaining power of suppliers
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Definition
- Growth or expansion
- Alliances
- Cost Leadership
- Differentiation
- Innovation
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Definition
Diversify into new products and services, or expand into global markets |
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Definition
Build alliances with customers, suppliers, competitors |
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Definition
Low-cost producer of products and services in the industry |
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Definition
Develop differentiated products and services and serve niche markets |
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Definition
Develop new products and services or enter into new market niches |
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Definition
View of a firm as a series, chain, or network of basic activities that add value to its products and services, and thus add a margin of value both to the firm and its customers. |
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Term
Key Management Issues in IS |
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Definition
- IS/business alignment
- Attracting, developing and retaining IS professionals
- Security and privacy
- IT strategic planning
- Business process reengineering
- Introducing rapid business solutions
- Measuring the value of IT investments
- True return on IT investments
- IT governance
- Speed and agility
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Definition
- Scope
- Complexity
- Strategic
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Term
Common Accounting Systems |
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Definition
Operational Accounting Systems
- Order processing
- Inventory Control
- Accounts Receivable
- Accounts Payable
- Payroll
- General Ledger systems
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Accounting Information Systems |
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Definition
- The oldest and most widely used information system in business
- Records and reports business transactions and economic events
- Produces financial statements
- Forecasts future conditions
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Term
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Definition
Evaluating the profitability and financial impact of proposed capital expenditures |
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Financial Forecasting and Planning |
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Definition
Evaluating the present and projected financial performance of a business |
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Financial Management Systems |
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Definition
- Supports business managers and professionals making decisions concerning
- The financing of a business
- The allocation and control of financial resources within a business
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Term
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Definition
- A customer-focused marketing process
- Uses the Internet, intranets and extranets
- Establishes two-way transactions between a business and its customers or potential customers
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Term
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Definition
- Profitability use networks to attract and keep customers
- Get customers to help create, purchase, and improve products and services
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Term
Marketing Systems are concerned with: |
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Definition
- Planning, promotion, and sale of existing products in existing markets
- Development of new products and new markets
- Better attracting and serving present and potential customers
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Term
Manufacturing Information Systems |
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Definition
Supports the production/operations functions
- Includes all activities concerned with planning and control of the processes producing goods or services
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Term
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Definition
Customized ads to appeal to specific virtual communities |
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Definition
Ads placed on a variety of selected websites, aimed at a specific audience |
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Term
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Definition
Ads placed on web pages that are relevant to a product or service |
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Term
Demographic/Psychographic |
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Definition
Web marketing aimed at specific types or classes of people |
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Definition
Promotions tailored to each visit to a site by an individual |
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Targeted Marketing Components |
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Definition
- Community
- Content
- Context
- Demographic/Psychographic
- Online Behavior
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Term
Human Resource Management (HRM) |
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Definition
Information systems designed to support
- Planning to meet personnel needs
- Development of employees to their full potential
- Control of all personnel policies and programs
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Term
Computer-Aided Manufacturing (CAM) |
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Definition
Information systems that automate the production process |
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Term
Manufacturing Executing Systems (MES) |
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Definition
Performance monitoring information systems for factory floor operations
- Process Control - controls ongoing physical processes
- Machine Control - controls the actions of machines
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Term
Intranet applications can allow employees to: |
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Definition
- View benefits
- Enter travel and expense reports
- Verify employment and salary information
- Access and update personal information
- Enter time-sensitive data
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Term
Functional Business Systems |
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Definition
- Accounting
- Financial
- Marketing
- Manufacturing
- HR
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Term
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Definition
- Sales
- sales management, contact management
- Marketing
- List generator, campaign management, cross-selling and up-selling
- Service
- call center, web-based self-service, call scripting
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Term
CRM Application Components:
Contact and Account Management
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Definition
Helps sales, marketing, and service professionals capture and track relevant data about every past and planned contact with prospects and customers, as well as other business and life cycle events of customers |
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Term
CRM Application Components:
Sales |
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Definition
Provides sales reps with tools and company data sources needed to support and manage sales activities, and optimize cross-selling and up-selling |
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Definition
- Acquire
- Contact management, sales prospecting, direct marketing, fulfillment
- Enhance
- Superior customer service
- Cross-sell to existing customers
- Retain
- Proactively identify and reward loyal and profitable customers
- Develop a long-term relationship with customer
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Term
CRM Application Components:
Marketing Fulfillment |
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Definition
Help marketing professionals accomplish direct marketing campaigns by automating such tasks as qualifying leads for targeted marketing, and scheduling and tracking direct marketing mailings |
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CRM Application Compents:
Customer Service & Support |
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Definition
Provides service reps with software tools and real-time access to the common customer database shared by sales and marketing professionals |
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Term
CRM Application Components:
Retention and Loyalty Programs |
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Definition
Help a company identify, reward and market to their most loyal and profitable customers |
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