ADM 1370 Final: ADM1370 Final Exam Notes (Module I)
22 Apr 2016
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Document Summary
Information system consists of 5 parts (people, procedures, software, hardware, data) to provide accurate, timely and useful information. Internet business models: virtual storefront, information broker, transaction broker, online marketplace, content provider, online service provider, virtual community, portal. 3 core activities of information systems: inputs, processing, outputs. Information indigestion: fragments the market and is stress-inducing. Digital persona of business: how businesses, customers, suppliers, etc. interact in the digital era. Peer to peer (p2p): changed how we access music; it put the sharing into social media. Social media is a group of internet-based applications that build on the ideological and technological foundations of web 2. 0 and that allow the creation and exchange of user generated content. Steps of a social media strategy: discover, strategize, manage. Socialommerce: transactional, search and marketing components of social media. Chris anderson"s long tail: describes how niche information access is the new normal. Digitalization: the replacement of physical tasks by digital means.
