MGIS 317 Study Guide - Midterm Guide: Business Process Management, Enterprise Resource Planning, Business Process Reengineering

• School: University of Calgary
• Department: Management Information Systems
• Course: MGIS 317
• Professor: Sharaz Khan

Document Summary

Peter diamandis: the future is better than you think. The world"s biggest problems are the world"s biggest business opportunities. Physical goods and services dematerialize into apps for smartphones, and as they become virtually free things are demonetized, and more people have access to them. Event handling (when you want something to happen (events,motion) Mistake in defining strategy: steps towards a goal are not a strategy. Competitive strategy - state(cid:373)e(cid:374)t that ide(cid:374)tifies a (cid:271)usi(cid:374)ess"s app(cid:396)oa(cid:272)h to (cid:272)o(cid:373)pete, its goals, a(cid:374)d the pla(cid:374)s a(cid:374)d poli(cid:272)ies that (cid:449)ill (cid:271)e (cid:396)e(cid:395)ui(cid:396)ed to (cid:272)a rry out those goals. Underlying premise: different industries offer different profit potential. Diffe(cid:396)e(cid:374)(cid:272)es (cid:373)easu(cid:396)ed usi(cid:374)g po(cid:396)te(cid:396)"s 5 fo(cid:396)(cid:272)es f(cid:396)a(cid:373)e(cid:449)o(cid:396)k - identifies and analyzes five competitive forces that shape every industry, and helps determine an industry"s weaknesses and strengths. Provide fast communications (machine to machine, human to human) and transactions. Defining value chain: identify business units/products, determine key functions and include all relevant activities of each function.