COMMERCE 2KA3- Midterm Exam Guide - Comprehensive Notes for the exam ( 30 pages long!)
5 Oct 2017
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Document Summary
Chapter 1: information systems in global business today. Organizations (behavioural definition): - a collection of rights, privileges, obligations, and responsibilities that are delicately balanced over a period of time through conflict and conflict resolution. Organizations (technical definition): - a stable, formal, social structure that takes resources from the environment and processes them to produce outputs. Digital firm: - organizations in which nearly all significant business processes and relationships with customers, suppliers, and employees are digitally enabled and key corporate assets are managed through digital means. Core business processes: - are accomplished through digital networks spanning the entire organization or linking multiple organizations. Business processes: - the unique ways in which organizations coordinate and organize work activities, information, and knowledge to produce a product or service. Key corporate assets intellectual property, core competencies, and financial and human assets are managed through digital means.
