Bell's law Answer: New class of computers establishes a new industry each decade
Today's highly successful business could be bankrupt quickly because technology changed in didn't
EX. Blockbuster
Moore's law (life cycle) Answer: The number of transistors per square inch on an i...
Bell's law Answer: New class of computers establishes a new industry each decade
Today's highly successful business could be bankrupt quickly because technology changed in didn't
EX. Blockbuster
Moore's law (life cycle) Answer: The number of transistors per square inch on an integrated chip
doubles every 18 months
Metcalf's law (value of a network) Answer: The value of a net work is equal to the square of the
number of users connected to it
Nielsen's law Answer: Network connection speeds for high-end users will increase by 50% per year
Kryder's Law (increase density of storage) Answer: the storage density on magnetic disks is
increasing at an exponential rate
Abstract Reasoning Answer: construct a model or representation
Systems Thinking Answer: model system components and show how components' inputs and
outputs relate to one another
Collaboration Answer: Develop ideas and plans with others. Provide and receive critical feedback.
Ability to Experiment Answer: create and test promising new alternatives, consistent with available
resources
,Key Elements Answer: 1. Management and Use
2. Information systems
3. Strategies
Five-Component Framework IS Answer: hardware, software, data, procedures, people
Difference between IT and IS Answer: IT pertains to the hardware, software and data components
of the model. Drives the development of new information systems.
IS is an assembly of hardware, software, procedures, data, and people.
Efficiency Answer: Ratio of benefits to costs
Effectiveness Answer: Enables organization to accomplish strategy
Actors Answer: hardware and people
Instructors Answer: Software and Procedures
Bridge Answer: Data
Computer side Answer: hardware and software
Human side Answer: Procedures and People
Characteristics of Data Answer: accurate, timely, relevant, just sufficient, worth its cost
, Knowledge Discovery in Databases (KDD) Answer: Selection (Data)
Pre-processing (Target Data)
Transformation (Pre-processed Data)
Data Mining (Transformed Data)
Interpretation/Evaluation (Patterns)
Knowledge
Categorical Imperative Answer: what you ought to do, independent of your own wants
Utilitarianism Answer: morality of an act is determined by its outcome
Perfect duty Answer: behavior that must always be met
Imperfect duty Answer: A praiseworthy action, but not required
(ex: giving to charity)
Porter's Model Answer: 1. Industry Structure
2. Competitive strategy
3. Value chains
4. Business processes
5. Information systems
Five Forces Determine Industry Structure Answer: Competitive Forces
• Competition from vendors who manufacture substitutes
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