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Q: What four skills do knowledge workers need to solve business problems?
A: Analytical thinking, communication, creativity, collaboration.
Q: What qualities do employers look for in employees?
A: Self-starters, project managers, clear communicators, team workers, idea developers, question askers, reliable contributors.
Q: What four technological factors drive MIS importance?
A: Processing power, interconnectivity, storage capacity, bandwidth.
Q: Define “information age.”
A: A period where production, distribution, and control of information are primary economic drivers.
Q: What does “digital revolution” mean?
A: Shift from mechanical/analog devices to digital devices.
Q: Why is Microsoft ($1.36T+) significant to MIS?
A: IT transformed from minor support role to primary driver of profitability; tech jobs are high-paying and prestigious.
Q: What is Bell’s Law?
A: Every 10 years, a new computer class emerges, creating new markets/opportunities.
Q: What is Moore’s Law?
A: Transistors per chip double ~every 2 years → faster/cheaper computers.
Q: What is Metcalfe’s Law?
A: Value of a network = square of number of users.
Q: What is Nielsen’s Law?
A: High-end network speeds increase 50% per year.
Q: What is Kryder’s Law?
A: Storage density increases 50% every 13 months → lower cost/GB.
Q: How did Bell’s Law affect Blockbuster?
A: New computing class (streaming) disrupted its business → bankruptcy by 2010.
Q: How can you attain job security in MIS?
A: Develop non-routine cognitive skills: abstract reasoning, systems thinking, collaboration, experimentation.
Q: Name five marketable business skills.
A: Project management, data analysis, financial acumen, marketing, leadership.
Q: Name five marketable MIS skills.
A: Database management, systems analysis/design, programming, ERP, BI tools.
Q: Name five soft skills valuable in MIS careers.
A: Communication, problem-solving, collaboration, leadership, adaptability.
Q: What is the technology skills gap?
A: Mismatch between workforce skills and employer needs for emerging tech.
Q: List causes of the technology skills gap.
A: Rapid tech advancement, demand > supply, poor workforce training, education mismatch, talent shortage.
Q: Why is abstract reasoning important?
A: Enables pattern recognition, problem-solving, innovation, adaptability.
Q: Why is systems thinking important?
A: Helps see interconnections, predict outcomes, address complex problems, promote sustainability.
Q: Why is collaboration important?
A: Harness diverse perspectives, boost efficiency, adapt to change, achieve shared goals.
Q: Why is experimentation important?
A: Encourages innovation, feedback-driven learning, risk management, continuous improvement.
Q: What is MIS?
A: (1) Management and use of IS, (2) Information systems, (3) Strategy.
Q: Distinguish MIS, IS, and IT.
A: MIS = managing IS for strategy; IS = hardware, software, data, people, procedures; IT = technology tools only.
Q: What are the five components of IS?
A: Hardware, software, data, procedures, people.
Q: What is the most important IS component?
A: People — they interpret data into information.
Q: What is the relationship between IS components?
A: Symmetric; automation shifts work from human side (procedures/people) to computer side (hardware/software).
Q: Name career areas tied to IS components.
A: Hardware (sales/support), software (programming/MIS), data (DB admin), procedures (process mgmt), people (training, consulting).
Q: What is data?
A: Raw, unprocessed facts (numbers, dates, text).
Q: What is information?
A: Processed/organized data providing meaning.
Q: What is knowledge?
A: Insights from information (through experience/learning).
Q: What characteristics make data valuable?
A: Accurate, timely, relevant, just sufficient, cost-effective.
Q: Name three types of data.
A: Structured (tables), unstructured (emails), semi-structured (XML).
Q: Name three data sources.
A: User input, sensors/devices, external databases.
Q: What are four data management tasks?
A: Storage, retrieval, integrity, security.
Q: Why is data processing necessary?
A: Converts raw data into meaningful information.
Q: What are four forms of information in organizations?
A: Reports, graphs/charts, alerts/notifications, documents.
Q: What are tacit vs explicit knowledge?
A: Tacit = personal, hard to formalize; Explicit = documented, easy to share.
Q: What are three elements of knowledge management?
A: Knowledge repositories, knowledge sharing, knowledge creation/innovation.
Q: What is a password?
A: A string of characters used to authenticate identity and grant system access.
Q: List best practices for passwords.
A: Long (14+), mixed characters, unique, changed often, MFA enabled, never shared.
Q: Why use a password manager?
A: To securely generate/store strong, unique passwords.
Q: What is Pluralsight?
A: An online technology training provider.
Q: How does Pluralsight relate to the skills gap?
A: Provides workforce training in emerging tech skills.
Q: Why might universities see Pluralsight as both opportunity and threat?
A: Opportunity = partnerships for training; Threat = competition with traditional education.