ADM 2372 Study Guide - Final Guide: Management Information System, Netflix, Business Process

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Document Summary

Chapter 1 information systems (is) & business strategy. Definitions: a business function just as marketing, finance, operations, and human resources. Information system (is: definitions, frequently used to refer to the interaction between people, processes, data and technology (wikipedia, refers to information technology that is used by people to accomplish a specified organizational or individual objective. The technology may be used in the gathering, processing, storing, and/or dissemination of information (answers) Input captures info from within the organization or from its external environment: processing conversion, manipulating and analysis, output distribution of processed info to people or to other is. Data raw facts representing events such as business transactions. Knowledge created by analyzing information; may lead to action. Business intelligence (bi) organizational process for converting data into useful info and through human analysis into knowledge. Knowledge management (km) organizational process for acquiring, organizing, and disseminating knowledge. Example of bicycle manufacturer: data specific facts or observations, ex.