Hardware/Software
CPU
Central Processing Unit
Buying Power
Porter’s Five
Forces Model.
Views a firm as a
series of business processes that each
add value to the product or service.
Value chain analysis
Raw facts that describe the characteristics of an
event or object.
Data
The science of fact based decision
making.
Analytics
Consists of the physical
devices associated with a computer
system.
Hardware
High when there are many alternatives to a
product or service and low when there are few alternatives.
Threat of substitute products or services
Distributes goods and services to customers is an example of
Outbound logistics
Has a defined length, type, and
format and includes numbers, dates, or strings such
as Customer Address format.
Structured data
CIO
Chief information officer (CIO)
The set of instructions
that the hardware executes to carry
out specific tasks
Software
Occurs when a
company develops unique differences in
its products or services with the intent to
influence demand.
Product differentiation
Provides employee training, hiring, and
compensation is an example of what type of value chain
Human resource management
satellite images, scientific atmosphere data, and
radar data are what type of data?
Unstructured data
The smallest unit
of information that a computer can
process.
Binary digit
RAM
Random Access Memory
Cost Strategy is an example of
Porter’s Three
Generic Strategies.
How many steps in a decision making process
6
Extracts information from data and
uses it to predict future trends and identify behavioral
patterns.
Predictive analytics
Roughly 1 billion bytes of data is knows as
GB
ALU
Arithmetic logic unit (ALU)
An example of a company that markets its products in a Broad Market and Low Cost
Walmart
To which managerial level are the decisions concerning how the organization should achieve the goals and objectives set by its strategy?
Managerial
Skills, experience, and expertise
coupled with information and intelligence that
creates a person’s intellectual resources.
Knowledge
CD ROM is an example of what type of device
Storage