ITM 102 Study Guide - Final Guide: Chief Information Officer, Digital Asset Management, Management Information System
22 Nov 2012
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Document Summary
Chapter one information systems in global business today. Digital firm- a digital firm is one in which nearly all of the organization"s significant business relationships with customers, suppliers, and employees are digitally enabled and mediated. Business processes- are accomplished through digital networks spanning the entire organization or linking multiple organizations. Also 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. Time shifting- refers to business being conducted continuously 24/7, rather than in narrow work day time bands. Space shifting- means that work takes place in a global workshop, as well as witching national boundaries. Business model- describes how a company produces, delivers, and sells a product or service to create wealth. Information technology- consists of all the hardware and software that a firm needs to use in order to achieve its business objectives.
