Study Guides (400,000)
CA (150,000)
York (10,000)
OMIS (10)
Study Guide

OMIS 3710- Midterm Exam Guide - Comprehensive Notes for the exam ( 40 pages long!)


Department
Operations Management and Information System
Course Code
OMIS 3710
Professor
Henry Kim
Study Guide
Midterm

This preview shows pages 1-3. to view the full 40 pages of the document.
York
OMIS 3710
MIDTERM EXAM
STUDY GUIDE

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Chapter 1: Setting the Stage: Technology and the Modern Enterprise
. Teh’s Tetoi “hift: Radiall Chagig Busiess Ladsapes
China started off decade as a nation unplugged and offline; now has most internet users
in the world
Data analytics and business intelligence are driving discovery and innovation
New Technologies Fueled globalization:
o Billions of people have access to computing and telecommunications.
Google, Twitter, and Facebook have changed the way firms advertise and people
communicate.
o Fueled data driven decision-making
o Raised privacy and security concerns
Redefined concepts of software and computing
o Open source software has lowered computing costs.
o Cloud computing and software has become a valuable service.
o Turned high-powered computing into a utility available to even the smallest
businesses and nonprofits.
. It’s Your Reolutio
Notable people who are powerful, successful, and the most admired
o Bill Gates, Microsoft
o Mark Zuckerberg, Facebook
o Larry Page and Sergei Brin, Google
o Jeff Bezos, Amazon
o Marissa Mayer, Yahoo
Comparison between Uber, Airbnb, Facebook, and Alibaba
o They are Interface Owners
These opaies are idesrial thi serie laers that sit o top of
vast supply systems (where the costs are) and interface with a huge
uer of people here the oe is.
o Full stak opaies…
Control more of their supply chain and service layers
Still can be successful, but may be harder to build and scale
o The interface is where the profit is
Uber provides average cars in a premium way
iTunes took nearly all the profits in the music industry by being just the
thin software
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

1.3 Geek Up Teh Is Eerhere ad You’ll Need It to Thrie
Finance
o The rapid changes of the tech industry lead to the continual development of new
businesses and rapid changes in the industry landscape.
Suited to IPO markets
IPO markets need new firms, and the tech industry always has
new firms sprouting
Continuously involved in mergers and acquisitions (M&A)
o Technology has the power to make certain pieces of capital obsolete.
o The roles of finance in tech include:
Lending to tech firms
Leading tech firms are flush with cash and are always hunting for
new acquisitions
Evaluating the role of technology in firms in an investment portfolio
Cosiderig teh’s role as part of persoal iestets
Accounting
o The reliability of any audit is tied to the reliability of the underlying technology.
o Increased regulation has strengthened the link between accounting and
technology.
Sarbanes-Oxley Act: Raised the executive and board responsibilities and
ties criminal penalties to certain accounting and financial violations.
o Major accounting firms have spawned tech-focused consulting practices.
o Many careers at accounting firms are highly tech-centric
o Deloitte’s teh-etri osultig diisio is larger tha the fir’s audit, ta, ad
risk practices
o Finding strong similarities between the skills of an auditor and skills needed in
emerging disciplines such as info security and privacy
Marketing
o Firms use online channels to track and monitor consumer activities.
o Firms are shifting spending from traditional media to the Web because of its
ability to:
Track customers
Analyze campaign results
Modify tactics
o Firms are using apps to develop location-based messages and services and for
cashless payment.
o Firms are using social media to:
Generate sales
Improve their reputations
Better serve customers
find more resources at oneclass.com
find more resources at oneclass.com
You're Reading a Preview

Unlock to view full version