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Q 1. Why is introduction to MIS the most important class in the business school?
Moores law: because of technology improvements in electronic chip design and manufacturing, the number of transistors per square inch on an integrated chip doubles every 18 months. Because of Moores Law, the cost of data communications and data storage is essentially zero. Reichs four key skills for attaining job security: 1. Abstract reasoning: is the ability to make and manipulate models. 2. Systems thinking: is the ability to model the components of the system, to connect the inputs and outputs among those components into a sensible whole that reflects the structure and dynamics of the phenomenon observed. 3. Collaboration: is the activity of two or more people working together to achieve a common goal, result, or work product. 4. Ability to experiment: involves analyzing opportunities, envisioning potential solutions, evaluating possibilities, and developing the most promising ones consistent with available resources. A tradable job is a job that is not dependent on a particular location.
Q 3. What is MIS?
Management information systems (MIS) is the management and use of information systems that help businesses achieve their strategies. A. Management and use: develop, maintain, and adapt. To create an information system that meets your needs. You need to take an active role in that systems development. B. Information systems. C. Strategies.
Q 4. What is Information?
Information is knowledge derived from data, whereas data is defined as recorded facts or figures. Information is: A. Knowledge derived from data B. Data presented in a meaningful context. C. Data processed by summing, ordering, averaging, grouping, comparing, or other similar operations. D. A difference that makes a difference. Information is in the mind of the perceiver. The quality of your thinking, of your ability to conceive information from data, is determined by your cognitive skills. The data is the data, the information you conceive from it is the value that you add to the IS.
Ethics Guide
A problem is a perceived difference between what is and what ought to be. Egocentric thinking: personal perspective = real view. Empathetic thinking: personal perspective as one possible interpretation consideration for other perspectives.
Porter defined four fundamental competitive strategies: 1. Cost leadership: .1 Across the industry .2 Focus within industry segment 2. Adding value to products to differentiate them from competition: .1 Across the industry .2 Focus within industry segment. According to Porter, to be effective the organizations goals, objectives, culture, and activities must be consistent with the organizations strategy.
Linkages: are interactions across value activities Once discrete activities are defined, linkages between activities should be identified. A linkage exists if the performance or cost of one activity affects that of another. In service companies: value is generated by operations, marketing and sales, and service activities.
To solve problems: 1. Either eliminate data duplication: Integrate data into a single shared database and revise applications and business processes to use that database. 2. Or allow data duplication: Manage data to avoid problems. Business process reengineering: Enterprise systems enabled the creation of stronger, faster, more effective linkages among value chains. Business process reengineering: the activity of altering and redesigning business processes to take advantage of new information systems.
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Leverages existing systems leaving functional applications as is, but providing an integration layer over the top Enables a gradual move to ERP.
No centralized database EAI keeps files of metadata that describe where data are located. The major benefit of EAI is that it enables organizations to use existing applications while eliminating many of the serious problems of isolated systems. Challenges of implementing new enterprise systems: expense and risks of implementing new enterprise systems arise from four primary factors: ! ! Collaborative management: no clear boss processes are a collaborative effort among many departments and customers. Requirements gaps: licensed products are never a perfect fit. There are gaps between the requirements of the organization and the capabilities of the licensed application. Identify gaps: what to do with them? Change process to adapt to new applications or alter applications to match what the organization does. Transition problems: planning and training cause problems + stress on employees. Employee resistance: change threatens employee self-efficacy. Management must communicate need for change.
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