ITM 100 Study Guide - Business Analytics, Business Intelligence, Operations Management

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Alexander Cram

Document Summary

Suppliers (concentration), competitors (rivalry), customers (sell their products & services) and the government (regulations) affect business organizations that output products and services. Suppliers input raw materials, services and other resources. Business look into product substitution and price sensitivity. Size business problem space (data, business processes, variables) Challenges (human abilities to make efficient and effective decisions: day to day operations management, strategic management. Information technology: gather/store/track/organize/retrieve data and information and use it at will, codify business intelligence (computing) to be applied to relevant data/information to make decisions (operations & strategic) To enable business organizations to enact/execute/manage their business process well.