Part 1: Why MIS?

Moore's Law

"The number of transistors per square inch on an integrated chip doubles every 18 months." Resulted in Cost of data processing and data storage is essentially zero.

What are characteristics of a strong password?

- 10 or more characters - does not contain your name/company name - does not contain a complete dictionary word - is different from previous passwords used - contains both upper/lower case, numbers, and special characters

Discuss Value Chain as related to the 5 forces model

- network of value-creating activities - primary activities are business functions related directly to production of products/services - Support activities are business functions that assist or facilitate primary activities

Why Is Introduction to MIS the Most Important Class?

1) Moore's Law - Cost of data processing and data storage is essentially zero. 2) Future business professionals need to be able to assess, evaluate, and apply emerging information technology to business. 3) Job Security: Any routine skill can and will be outsourced to lowest bidder. Organizations favor those with strong non-routine cognitive skills.

Abstract Reasoning

Ability to construct a model or representation

Characteristics of Good Data

Accurate Timely Relevant (to context and subject) Just barely sufficient Worth its cost

Collaboration

Activity of two or more people working together to achieve a common goal, result, or work product.

Swimlane Format

BPM that graphical arrangement of all activities for a given role show in a vertical lane and the activities associated with each role

Discuss Industry Structure as related to the 5 forces model

Bargaining power or customers Bargaining power of suppliers Threat of Substitute Products/Services Threat of New Entrants Intensity of Rivalry

Explain the 5 Components Model

Computer Side/Human Side Manual/Automated Actors/Instructions/Bridge CS/IS

Discuss Competitive Strategy as related to the 5 forces model

Cost/Differentiation Industry-wide/Focus

What is an Information System?

Hardware/Software/Data/Procedures/People

What is Information Technology (IT)?

IT components = Hardware + Software + Data IS = IT + Procedures + People Information technology drives development of new information systems.

Ability to Experiment

Make reasoned analysis of an opportunity; developing and evaluating possible solutions

What is MIS?

Management and use of information systems to help organizations achieve their strategies

Systems Thinking

Model system components and show how inputs and outputs are related to reflect structure and dynamics of a system.

3D Printing

Process of creating three-dimensional objects by fusing two-dimensional layers of plastic, metal, and other substances on top of one another.

How do information systems help provide competitive advantage

Products: - create new products/services - enhance products/services - differentiate products/services Process: - High switching costs; customers, buyers, suppliers - Raise barriers to market entry - Establish alliances - Reduce costs

Repository

a collection of data that is stored within a business process

Business Process Modeling

a diagram which models activities and uses standardized symbols and notations for communication

Business Process

a network of activities for accomplishing a business function such as accounting, logistics, marketing, human resources...

Actor

a person, group, department, organization or information that performs activities within a business process; an element of a swimlane or business process model

Role

a subset of the activities in a business process performed by an actor

What is an example of a password acronym?

first letters of a word, phrase or sentence

Porter's 5 Forces Model

helps organizations determine the potential profitability of an industry 1) Industry Structure 2) Competitive Strategy 3) Value Chains 4) Business Processes 5) Information Systems

Information

knowledge derived from data

Switching Costs

making it difficult for customers or suppliers to switch to another product/service

Data

raw facts

Sequence Flows

represent sequential activities within an activity

Data Flows

represents movement of data from one activity to another within a BPM