Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
IFSN01E - M1
| Term | Definition |
|---|---|
| firm | is a physical system that is managed through the use of a virtual system |
| firm | takes resources from its environment |
| firm | transform the resources into products and services |
| firm | returns the transformed resources to the environment |
| general system model | ___ of the firm provides a good template for analyzing an organization |
| personnel | hired by a firm transformed to higher skills through training and experience, eventually leaving the firm |
| material | enters the firm as raw input, transformed into goods, then sold to customers |
| machines | are purchased, used and eventually scrapped or traded in on newer machines |
| money | enters the firm in the form of sales receipts, shareholder's, investments and loans. and transformed into payments to suppliers, taxes to governments, and returns to stakeholders |
| virtual resources flow | data, information, and information in the forms of decision |
| firm's control mechanism | elements enables the firm to control operation |
| performance standards | must meet to accomplish tasks |
| information process | transforms data into information |
| feedback loop | composed of the virtual resources |
| Environmental elements | are organizations and individuals that exist outside the firm and have a direct or indirect influence on it |
| Global community | is the geographic area where the firm perform its operations |
| supply chain | it is the pathway that facilitates the flow of physical resources from suppliers to the firm then to customers |
| supply chain management | manages the resources through the supply chain to ensure timely and efficient flow |
| Firm's information systems | can be used to perform the supply chain activities |
| Electronic systems | provide the ability to track the flow of the resources as it occurs |
| supply chain management | it is a crucial aspect of a firm's ERP system |
| Competitive advantage | refers to the use of information to gain leverage in the marketplace |
| Competitive advantage | uses virtual as well as physical resources |
| Competitive advantage | is used to meet the strategic objectives of the firm |
| value chain | is created to achieve competitive advantage |
| value chain | consists of the primary and support activities that contribute to margin |
| margin | is the value of the firm's products and services minus their costs, as perceived by the firm's customers |
| increased margin | ___ is the objective of the value chain |
| primary value activities | manage the flow of physical resources thru the firm |
| support value activities | include the firm's infrastructure |
| Interorganizational system (IOS) | is the linking of the firm's value chain to those of other organizations |
| business partners | are the particpating firms in the IOS |
| value system | is the linking of firm's value chain with those of its distribution channel members |
| strategic advantage | has a fundamental effect in shaping the firm's operations |
| tactical advantage | is when the firm implements a strategy better than its competitors |
| operational advantage | deals with everyday transactions and processes |
| multinational corporation | is a firm that operates across products, markets, nations, and cultures |
| multinational corporation | it consists of a parent company & its subsidiaries |
| information processing | is crucial to minimize uncertainty |
| Coordination | is a key to achieving competitive advantage globally |
| Coordination | A benefit of ___ is the ability to respond market by market |
| Coordination | A benefit of ___ is the ability to keep abreast of market needs globally |
| Coordination | A benefit of ___ is toreduce overall costs of operations |
| Global information systems (GIS) | describes an information system that consists of networks that cross national borders |
| Transborder data flow | is the movement of machine-readable data across national boundaries |
| Technological problems | due to the level of technology in subsidiary countries |
| Chief Information Officer | CIO meaning |
| Chief Technology Officer | CTO meaning |
| Enterprise | executive committee |
| Business areas | resources for human, information, financial, marketing, manufacturing |
| SPIR approach | concurrent development of strategic plans for information services and the firm so that the firm’s plan reflects the support to be provided by information services. |
| IS plan | reflects future demands for systems support |
Created by:
romulols