MNG 3204 Information Systems in Digital Age

Flashcards about Information Systems and their role in business and globalization.

Management Information Systems (MIS)

The study of people, technology, organizations, and the relationships among them.

Ecommerce

A business model in which products and services are bought and sold over the internet.

Digital Business Model

Leverages on digital technology to improve several aspects of its organization.

Management Information System (MIS)

A record-keeping instrument that aids in effectively administrating marketing, finance, production, and people.

Good MIS

Supports the management of marketing, finance, production, and personnel to become more efficient.

Information System

A set of interrelated components that collect (or retrieve), process, store, and distribute information to support decision making and control in an organization.

Input

Captures or collects raw data from within the organization or from its external environment.

Processing

Converts raw input into a meaningful form.

Output

Transfers the processed information to the people who will use it or to the activities for which it will be used.

Computer hardware

Physical equipment used for input, processing, and output activities in an information system.

Computer software

Detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system.

Data management technology

Software governing the organization of data on physical storage media.

Complementary assets

Assets required to derive value from a primary investment.