ADM 2372 Study Guide - Final Guide: Information Architecture, Accounts Receivable, Applications Architecture

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Chapter 1 information systems and business strategy: managers must : understand identify opportunities. For example, details of transactions, from the checkout counter of a supermarket. Information: data shaped into a form that is meaningful and useful to human beings. For example total sales of soap, per region, per store: knowledge: created by analyzing information; may lead to action, business intelligence: converts data into useful information, through human analysis, into knowledge. For example, how is this brand of soap doing in the northwest compared to other brands: knowledge management: organizational process for acquiring, organizing, and dissemination knowledge. Is impact on business: reduce costs / improve productivity improve customer satisfaction/ loyalty create competitive advantage generate growth streamline supply chain global expansion. 3 organizational levels: operational level: is support operational managers in keeping track of elementary activities and transactions. For example, what is the inventory level (day to day)

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