[ITM 102] - Midterm Exam Guide - Everything you need to know! (39 pages long)

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Robert Hudyma

Document Summary

Digital firm: one in which nearly all of the organization"s signification business relationships are digitally enabled or mediated. Core business processes: accomplished through digital networks spanning the entire organization or linking multiple organizations. Key corporate assets: these are managed through digital means, where any piece of information required to support key business decisions is available anytime and anywhere in the firm (ex: intellectual property, core competencies, financial and human assets) Time shifting: business conducted continuously, 24/7, rather than the 9-5pm work schedule. Space shifting: work takes place in a global workshop and within national boundaries, work is accomplished physically. Business model: describes how a company produces, delivers and sells a product or service to create wealth. Information technology: consists of hardware and software that firm needs to use in order to achieve its business objectives (ex: storage devices, mobile devices, software like windows, microsoft office, linux operating systems)