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Ism Business Management

In: Business and Management

Submitted By lily1991
Words 349
Pages 2
Chapter 1 topics and terms:

• GearUp – opening cases – what is this company all about?

GearUp is a 3 year old, privately owned company that sells quality brand-name athletic gear and clothing at a deep discount over the Web. Also it is a private buying club; before customers can purchase, they must first register.

• Opening Case – Why is Jennifer fired? What does this have to do with Reich’s 4 key skills (figure 1-2)? How could this situation have been avoided? • P7 4 key skills: 1. Abstract reasoning: inability to model the event life cycle 2. Systems thinking: confusion about how vendors GearUp collateral material for events. 3. Collaboration: unwilling to work with other on work-in-progress. 4. Ability to experiment: fear for failure prohibited discussion of new ideas.

• According to the author, how are Reich’s 4 key skills and MIS related? Do you agree? Disagree? Why? Agree. This 4 skill

• Explain the 5 components of MIS?

P11. 1.hardware 2. Software 3. Data 4. Procedures 5. People. EX: You use computer to write a class report, you use hardware, software, data, procedures and people (youself).

• What’s the difference between IT and IS?

P11 IT is a people who configure computer, and IS is a group of components that interact to produce information.

P15. IT refers to the products methods, inventions and standards that are use for the purpose of producing information. IT pertains to the hardware, software, and data components. In contrast, an IS is an assembly of hardware, software, data, procedures, and people information.
Can buy IT, but you cannot buy IS.

• What’s the difference between information and data? What are the necessary data characteristics? Explain each. P16 1. Information is knowledge derived from data, whereas data is defined as recorded facts or figures. Information is data presented in a meaningful context. Information is presented data, or sometimes, information is data processed by summing, ordering, averaging, grouping, comparing, or other similar operations. P17-20 2. Necessary Data Characteristics: Accurate Timely Relevant (To context, To subject) Just sufficient Worth cost

• Terms: Moore’s Law, computers-in-a-product…...

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