Questions and Answers
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.
False
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.
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New laws require that businesses store less data for shorter periods.
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The problem-solving process consists of three main steps.
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Problem identification includes recognizing that a problem exists.
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A business problem can fall into four main categories: Organization, Technology, People, and Financials.
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Continuous feedback is a critical aspect during the implementation phase of problem-solving.
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Once a solution is implemented, there is no need to revisit the problem identification phase.
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An information system includes activities such as input, analysis, processing, and output.
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The YTD sales for the Brite Dish Soap is $9,231.24.
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Data is represented in the diagram as a red circle with the label 'Data'.
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Feedback in an information system refers to input returned to the organization to help evaluate and refine the input.
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Outdated business processes are categorized as typical people problems.
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Actors in the environment of an information system include only customers and suppliers.
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Insufficient telecommunications capacity can be considered a typical technology problem.
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The distinction between a computer program and an information system is considered sharp.
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Legal and regulatory compliance falls under typical organizational problems.
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The processing activities in an information system include sorting, calculating, and arranging.
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Political in-fighting is a challenge that organizations face during turbulent business environments.
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The data utilized by the information system does not have a specific format.
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A lack of employee training is listed among typical technology problems.
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Competitive advantage can result solely from pricing products higher than competitors.
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Apple, Walmart, and UPS use information systems to enhance their competitive advantage.
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Investing in information systems is often a voluntary decision made by businesses.
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Citibank's introduction of ATMs was a strategic move to keep up with industry competitors.
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Federal and state regulations like the Sarbanes-Oxley Act are irrelevant to the functioning of information systems in businesses.
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In 2016, there were approximately 200 million businesses with dot-com addresses registered.
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Networked sensors and analytics can assist in improving player training and business operations.
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The Football Manager game simulation is used primarily for player performance analytics.
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Internet advertising is decreasing at a rate of about 15 percent per year.
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In 2016, 273 million adult Americans were reported to be using the internet.
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The role of managers in information systems includes creative work focused on developing new products and services.
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The World Wide Web is a private network accessible only to specific authorized users.
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Data management technology refers to the physical devices used for data processing in information systems.
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Internet is defined as a local network limited to specific organizational boundaries.
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Computer software consists of physical equipment that input, process, and output data in an information system.
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Cloud computing allows for tasks previously performed on corporate computers to be carried out on the internet.
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Big Data and Internet of Things (IoT) help identify insights primarily from smaller sets of data.
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Companies primarily invest in IT to achieve competitive advantage.
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Improved decision-making in businesses is not significantly influenced by information systems.
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Walmart achieved operational excellence through digital links with customers only.
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Telework is losing momentum as organizations become more socially engaged.
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The use of mobile digital platforms has no impact on management practices.
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One of the goals of business intelligence applications is to reduce the need for virtual meetings.
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Information systems and technologies have no impact on the creation of new products and services.
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Building strong relationships with suppliers can lead to higher costs for businesses.
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The Mandarin Oriental hotel uses IT to keep track of customer preferences and foster relationships.
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Verizon's web-based digital dashboard provides outdated data for better decision making.
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Apple created a new business model by maintaining the traditional distribution methods for music.
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Information systems literacy solely focuses on the technical aspects of computing.
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Management information systems (MIS) is primarily concerned with the implementation of hardware.
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The culture embedded in information systems refers to a specific set of formal rules only.
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Organizations coordinate work through a structured hierarchy and business processes.
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Information systems are defined only by the technology they encompass, excluding people and organizations.
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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.
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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.
