Solutions for Processes, Systems, and Information, An Introduction to MIS, 4th Edition McKinney (All Chapters included)
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Course
Computer information systems
Institution
Computer Information Systems
Complete Solutions Manual for Processes, Systems, and Information, An Introduction to MIS, 4th Edition by Earl H. McKinney, David M. Kroenke ; ISBN13: 9780136926078. (Full Chapters included Chapter 1 to 12)....
1.The Importance of MIS.
2.Business Processes, Information Systems, and Information.
...
Processes, Systems, and
Information, An Introduction to MIS,
4th Edition by Earl H. McKinney,
Complete Chapter Solutions Manual
are included (Ch 1 to 12)
** Immediate Download
** Swift Response
** All Chapters included
,Chapter 1
The Importance of MIS
Chapter Objectives/Study Questions
Q1. Why is Introduction to MIS the most important class in the business
school?
Q2. What is MIS?
Q3. How does MIS relate to organizational strategy?
Q4. What five forces determine industry structure?
Q5. What is competitive strategy?
Q6. How does competitive strategy determine value chain structure?
Q7. How does competitive strategy determine business processes and
information systems?
, List of Key Terms
• Abstract reasoning – the ability analyze information and think creatively to develop
and manipulate a model or representation a problem, object or an idea.
• Barrier to entry - factors that make it difficult for a new business to begin operating
in an industry.
• Categorical imperative – the principle that one should behave only in a way that one
would want the behavior to be a universal law; i.e. we should act in a way that we
would like other people to follow.
• Competitive strategy – the strategy by which an organization tries to attract
customers, makes profits, and differentiates itself from its industry competitors.
• Experimentation – the ability to develop new business alternatives or ideas and test
those alternatives, consistent with available resources.
• Five forces model – a model developed by Michael Porter that is used to assess an
industry structure. The model identifies five competitive forces that determine
profitability: threat of substitutes, threat of new entrants, existing rivals, bargaining
power of suppliers, and bargaining power of customers.
• Information Age – the current time where the production, distribution, and control of
information are the primary driver of the economy.
• Linkages – interactions across value chain activities.
• Management information systems (MIS) – the creation, monitoring, and adapting
of processes, information systems, and information.
• Margin - the difference between the value that an activity generates and the cost of
the activity.
• Moore’s Law - The number of transistors per square inch on an integrated chip
doubles every 18 months.
• Primary Activities – the five activities in the value chain that contribute directly to
improving the completive advantage of a business. These activities are: inbound
logistics, operations/manufacturing, outbound logistics, sales and marketing, and
customer service.
• Substitute – a product or a service that performs the same or similar function as
another product or service in the market and can be used as alternative to that product.
• Support Activities – the four value chain activities that support the five primary
activities. Support activities consist of: Procurement, Technology, Human Resources,
and Firm Infrastructure.
• Systems thinking – the ability to divide a problem or phenomenon into smaller
components and understand the relationships, associations, and interactions among
those components to help explain the problem or phenomenon.
• Value – refers to how much money people are willing to pay for a product or a
service; helps business charge fair and acceptable prices for their products or services.
• Value chain – a network of processes or activities by which businesses add value to
their products
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