Podcast
Questions and Answers
The Football Manager game simulation is used as a database to enhance player training.
The Football Manager game simulation is used as a database to enhance player training.
True
In 2016, over 200 million businesses had dot-com addresses registered.
In 2016, over 200 million businesses had dot-com addresses registered.
False
The use of networked sensors in business operations is designed to reduce management decision-making.
The use of networked sensors in business operations is designed to reduce management decision-making.
False
The internet advertising market is expected to decline at around 15 percent per year.
The internet advertising market is expected to decline at around 15 percent per year.
Signup and view all the answers
New laws require that businesses store less data for shorter periods.
New laws require that businesses store less data for shorter periods.
Signup and view all the answers
The problem-solving process consists of three main steps.
The problem-solving process consists of three main steps.
Signup and view all the answers
Problem identification includes recognizing that a problem exists.
Problem identification includes recognizing that a problem exists.
Signup and view all the answers
A business problem can fall into four main categories: Organization, Technology, People, and Financials.
A business problem can fall into four main categories: Organization, Technology, People, and Financials.
Signup and view all the answers
Continuous feedback is a critical aspect during the implementation phase of problem-solving.
Continuous feedback is a critical aspect during the implementation phase of problem-solving.
Signup and view all the answers
Once a solution is implemented, there is no need to revisit the problem identification phase.
Once a solution is implemented, there is no need to revisit the problem identification phase.
Signup and view all the answers
An information system includes activities such as input, analysis, processing, and output.
An information system includes activities such as input, analysis, processing, and output.
Signup and view all the answers
The YTD sales for the Brite Dish Soap is $9,231.24.
The YTD sales for the Brite Dish Soap is $9,231.24.
Signup and view all the answers
Data is represented in the diagram as a red circle with the label 'Data'.
Data is represented in the diagram as a red circle with the label 'Data'.
Signup and view all the answers
Feedback in an information system refers to input returned to the organization to help evaluate and refine the input.
Feedback in an information system refers to input returned to the organization to help evaluate and refine the input.
Signup and view all the answers
Outdated business processes are categorized as typical people problems.
Outdated business processes are categorized as typical people problems.
Signup and view all the answers
Actors in the environment of an information system include only customers and suppliers.
Actors in the environment of an information system include only customers and suppliers.
Signup and view all the answers
Insufficient telecommunications capacity can be considered a typical technology problem.
Insufficient telecommunications capacity can be considered a typical technology problem.
Signup and view all the answers
The distinction between a computer program and an information system is considered sharp.
The distinction between a computer program and an information system is considered sharp.
Signup and view all the answers
Legal and regulatory compliance falls under typical organizational problems.
Legal and regulatory compliance falls under typical organizational problems.
Signup and view all the answers
The processing activities in an information system include sorting, calculating, and arranging.
The processing activities in an information system include sorting, calculating, and arranging.
Signup and view all the answers
Political in-fighting is a challenge that organizations face during turbulent business environments.
Political in-fighting is a challenge that organizations face during turbulent business environments.
Signup and view all the answers
The data utilized by the information system does not have a specific format.
The data utilized by the information system does not have a specific format.
Signup and view all the answers
A lack of employee training is listed among typical technology problems.
A lack of employee training is listed among typical technology problems.
Signup and view all the answers
Competitive advantage can result solely from pricing products higher than competitors.
Competitive advantage can result solely from pricing products higher than competitors.
Signup and view all the answers
Apple, Walmart, and UPS use information systems to enhance their competitive advantage.
Apple, Walmart, and UPS use information systems to enhance their competitive advantage.
Signup and view all the answers
Investing in information systems is often a voluntary decision made by businesses.
Investing in information systems is often a voluntary decision made by businesses.
Signup and view all the answers
Citibank's introduction of ATMs was a strategic move to keep up with industry competitors.
Citibank's introduction of ATMs was a strategic move to keep up with industry competitors.
Signup and view all the answers
Federal and state regulations like the Sarbanes-Oxley Act are irrelevant to the functioning of information systems in businesses.
Federal and state regulations like the Sarbanes-Oxley Act are irrelevant to the functioning of information systems in businesses.
Signup and view all the answers
In 2016, there were approximately 200 million businesses with dot-com addresses registered.
In 2016, there were approximately 200 million businesses with dot-com addresses registered.
Signup and view all the answers
Networked sensors and analytics can assist in improving player training and business operations.
Networked sensors and analytics can assist in improving player training and business operations.
Signup and view all the answers
The Football Manager game simulation is used primarily for player performance analytics.
The Football Manager game simulation is used primarily for player performance analytics.
Signup and view all the answers
Internet advertising is decreasing at a rate of about 15 percent per year.
Internet advertising is decreasing at a rate of about 15 percent per year.
Signup and view all the answers
In 2016, 273 million adult Americans were reported to be using the internet.
In 2016, 273 million adult Americans were reported to be using the internet.
Signup and view all the answers
The role of managers in information systems includes creative work focused on developing new products and services.
The role of managers in information systems includes creative work focused on developing new products and services.
Signup and view all the answers
The World Wide Web is a private network accessible only to specific authorized users.
The World Wide Web is a private network accessible only to specific authorized users.
Signup and view all the answers
Data management technology refers to the physical devices used for data processing in information systems.
Data management technology refers to the physical devices used for data processing in information systems.
Signup and view all the answers
Internet is defined as a local network limited to specific organizational boundaries.
Internet is defined as a local network limited to specific organizational boundaries.
Signup and view all the answers
Computer software consists of physical equipment that input, process, and output data in an information system.
Computer software consists of physical equipment that input, process, and output data in an information system.
Signup and view all the answers
Cloud computing allows for tasks previously performed on corporate computers to be carried out on the internet.
Cloud computing allows for tasks previously performed on corporate computers to be carried out on the internet.
Signup and view all the answers
Big Data and Internet of Things (IoT) help identify insights primarily from smaller sets of data.
Big Data and Internet of Things (IoT) help identify insights primarily from smaller sets of data.
Signup and view all the answers
Companies primarily invest in IT to achieve competitive advantage.
Companies primarily invest in IT to achieve competitive advantage.
Signup and view all the answers
Improved decision-making in businesses is not significantly influenced by information systems.
Improved decision-making in businesses is not significantly influenced by information systems.
Signup and view all the answers
Walmart achieved operational excellence through digital links with customers only.
Walmart achieved operational excellence through digital links with customers only.
Signup and view all the answers
Telework is losing momentum as organizations become more socially engaged.
Telework is losing momentum as organizations become more socially engaged.
Signup and view all the answers
The use of mobile digital platforms has no impact on management practices.
The use of mobile digital platforms has no impact on management practices.
Signup and view all the answers
One of the goals of business intelligence applications is to reduce the need for virtual meetings.
One of the goals of business intelligence applications is to reduce the need for virtual meetings.
Signup and view all the answers
Information systems and technologies have no impact on the creation of new products and services.
Information systems and technologies have no impact on the creation of new products and services.
Signup and view all the answers
Building strong relationships with suppliers can lead to higher costs for businesses.
Building strong relationships with suppliers can lead to higher costs for businesses.
Signup and view all the answers
The Mandarin Oriental hotel uses IT to keep track of customer preferences and foster relationships.
The Mandarin Oriental hotel uses IT to keep track of customer preferences and foster relationships.
Signup and view all the answers
Verizon's web-based digital dashboard provides outdated data for better decision making.
Verizon's web-based digital dashboard provides outdated data for better decision making.
Signup and view all the answers
Apple created a new business model by maintaining the traditional distribution methods for music.
Apple created a new business model by maintaining the traditional distribution methods for music.
Signup and view all the answers
Information systems literacy solely focuses on the technical aspects of computing.
Information systems literacy solely focuses on the technical aspects of computing.
Signup and view all the answers
Management information systems (MIS) is primarily concerned with the implementation of hardware.
Management information systems (MIS) is primarily concerned with the implementation of hardware.
Signup and view all the answers
The culture embedded in information systems refers to a specific set of formal rules only.
The culture embedded in information systems refers to a specific set of formal rules only.
Signup and view all the answers
Organizations coordinate work through a structured hierarchy and business processes.
Organizations coordinate work through a structured hierarchy and business processes.
Signup and view all the answers
Information systems are defined only by the technology they encompass, excluding people and organizations.
Information systems are defined only by the technology they encompass, excluding people and organizations.
Signup and view all the answers
Study Notes
Data and Information
-
Data vs. Information: Raw data, like
331 Brite Dish Soap 1.29, can be processed to generate meaningful information, represented by an information system. - Example Table: Item 331 (Brite Dish Soap) sold 7,156 units with year-to-date sales of $9,231.24.
- Information System Activities: Key activities include input, processing, output, and feedback.
Functions of an Information System
- Basic Activities: Comprises input, processing, output, and feedback that evaluate organizational processes.
- Actors in Environment: Includes customers, suppliers, competitors, stockholders, and regulatory agencies that interact with the organization.
Problem-Solving Approach
- Business Problems: Often complex, involving organization, technology, and people.
-
Four-Step Process:
- Problem identification
- Solution design
- Choice
- Implementation
Continuous Process of Problem Solving
- Implementation outcomes should be measured and used to refine problem identification and solution choices over time.
Typical Organizational Problems
- Issues like outdated processes, unsupportive cultures, political conflicts, and inadequate resources complicate problem-solving.
Typical Technology Problems
- Concerns regarding aging hardware, outdated software, inadequate capacity, and compatibility with new technology hinder efficiency.
Typical People Problems
- Issues with employee training, management, compliance, and support hinder effective problem-solving.
Premier League Case Study on IT Analytics
- Challenge: Improving revenue and player training using big data.
- Solutions: Employing a simulation game as a database and using performance-enhancing IT analytics apps.
Transforming Business Through Information Systems
- Internet Growth: By 2016, over 142 million businesses had online addresses; significantly, 183 million American adults made online purchases.
- Advertising Growth: Internet advertising growth rates at ~15% annually.
- Job Changes: Business evolution leads to shifts in job roles and career paths.
Competitive Advantage
- Achieved through superior product offerings, pricing strategies, and information system utilization. Examples of successful companies include Apple, Walmart, and UPS.
Business Necessity for Information Systems
- Investment in information systems can be essential for survival, particularly in keeping pace with competitors like Citibank.
Dimensions of Information Systems
- People: Skilled personnel are necessary for building and maintaining systems; managerial roles focus on strategic decisions and resource allocation.
- Technology: Involves IT infrastructure, hardware, software, and data management technologies that form the backbone of information systems.
Networking and Telecommunications
- Involves physical devices and software for data transfer; includes the Internet, intranets, and extranets for information sharing.
New Technologies in Management Information Systems
- Cloud Computing: Offers flexible internet-based computing solutions and services.
- Big Data and IoT: Enable insights from vast amounts of data, enhancing business decision-making.
Role of People and Organizations
- Information Systems Literacy: Combines technical and behavioral approaches to managing information systems effectively.
Business Drivers of Information Systems
- Investments in IT support critical business objectives, including operational excellence, innovation, customer intimacy, decision-making, competitive advantage, and survival.
Operational Excellence
- Enhanced efficiency through effective information systems leads to higher profits, exemplified by Walmart's integration of digital links with suppliers achieving significant sales figures.
Customer and Supplier Intimacy
- Companies that leverage IT to understand customer preferences enhance loyalty and repeat business, while strong supplier relationships can reduce costs.
Improved Decision Making
- Reliance on real-time data allows managers to make informed decisions, illustrated by Verizon's web-based dashboard enhancing responsiveness to customer issues.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
Explore the transformation of data into information through a visual diagram. This quiz highlights the importance of information systems and the relationship between raw data and meaningful insights. Enhance your understanding of how data is processed.
