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Management information systems Chapter 1

Computer Literacy
The knowledge of what a computer is and how it can be used. Includes having a familiarity with computer terminology so that one can intelligently discuss computers and make use of them at work and home.
Information Literacy
understanding the role of information in generating and using business intelligence
Business Intelligence
Provides historical, current, and predictive views of business operations and environments and gives organizations a competitive advantage in the marketplace
Transaction Processing System
supports the monitoring, collection, storage, and processing of data from the organizations basic business transactions, each of which generate data. Main reason to use this is cost reduction
Management Information System
organized collection of people, procedures, software, databases, and devices that provides routine information to managers and decision makers (focuses on operational efficiency)
Data
a collection of raw facts from which conclusions may be drawn
Database
a collection of all relevant data organized in a series of integrated files
Process
component of an information system generates the most useful type of information for decision making
Information
consists of facts that have been anaylzed by te process component and is an output of an information system
Information Technology
support information systems and cme in the form of the internet,, computer networks, database systems, and radio frequency identification tags
Five force model
Michael Porter; analyzes an organization, it’s position in the marketplace, and how information systems could be used to make it more competitive: 1) buyer power 2)supplier power 3) threat of subsitute products or services 4) threats of new entrants 5) rivalry amoung existing competitors

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