Management Information Systems: Managing the Digital Firm

A collection of vocabulary flashcards based on the key concepts discussed in the Management Information Systems lecture.

Information Systems

Interrelated components that manage information to support decision making and control, helping with analysis, visualization, and product creation.

Complementary Assets

Assets required to derive value from a primary investment, including organizational, managerial, and social assets.

Operational Excellence

The ability to improve efficiency and productivity through the use of information systems and technologies.

Mobile Digital Platform

A platform that supports operations and services of a business through mobile technology.

Cloud Computing

The delivery of various services over the internet, including storage, processing, and applications.

Business Model

How a company produces, delivers, and sells its products and services.

E-commerce

Buying and selling of goods or services using the internet.

Digital Firm

A firm where significant business relationships are digitally enabled and core business processes are conducted through digital networks.

Data Management Technology

Technologies enabling effective handling, processing, and storage of data.

IT Infrastructure

The set of physical and virtual resources that support the flow, processing, and analysis of data in an organization.

Sociotechnical Systems

An approach that examines both the social and technical aspects of an organization to optimize performance.