Management Information Systems Flashcards

Flashcards based on Management Information Systems lecture notes.

Information Technology

The hardware and software a business uses to achieve objectives.

Information System

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

Data

Streams of raw facts.

Information

Data shaped into meaningful, useful form.

Information System Activities

Activities in an information system that produce information: Input, Processing, Output, and Feedback.

Hierarchy of Authority/Responsibility in Organizations

Senior management, middle management, operational management, knowledge workers, data workers, and production/service workers.

Business Functions

Sales and marketing, human resources, finance and accounting, manufacturing and production.

Technology Dimensions of Information Systems

Computer hardware and software, data management technology, networking and telecommunications technology.

IT Infrastructure

Provides the platform that a system is built on.

Information System

Instrument for creating value where investments should result in productivity increases, revenue increases, and superior long-term strategic positioning.

Business Information Value Chain

Raw data acquired and transformed through stages that add value to that information, leading to better decisions, greater efficiency, and higher profits.

Complementary Assets

Assets required to derive value from a primary investment; firms supporting technology investments with these receive superior returns.

Examples of Organizational Assets

Appropriate business model and efficient business processes.

Examples of Managerial Assets

Incentives for management innovation and teamwork/collaborative work environments.

Examples of Social Assets

The Internet and telecommunications infrastructure and technology standards.

Technical Approach to Information Systems

Emphasizes mathematically based models; includes computer science, management science, and operations research.

Behavioral Approach to Information Systems

Addresses behavioral issues like strategic business integration and implementation; includes psychology, economics, and sociology.

Management Information Systems

Combines computer science, management science, operations research, and practical orientation with behavioral issues.

Sociotechnical View

Optimal organizational performance achieved by jointly optimizing both social and technical systems used in production.

Operational Excellence

Improved efficiency resulting in higher profits

Business Model

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