MIS 301 Final: Final Exam Study Guide

• School: UT-Dallas
• Department: Management Information Systems
• Course: MIS 301
• Professor: All

Document Summary

Chapter 1: setting the stage: technology, the manager and the modern enterprise. Disruptive technology: an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market leading firms, products and alliances. Mental models: a kind of internal symbol or representation of external reality, hypothesized to play a major role in cognition, reasoning and decision-making. Tech firms have created profound shifts in the way firms advertise. Technology has improved the efficiency of company product distribution (assembly line) Societies have become more dependent on technology to survive. Firms harness social media for new product ideas and for millions in sales. Constant innovation of ideas that has greatly contributed to the advancement in technology and creation of new markets. The single branch in the evolution of a technological design of a product. It is important for companies to think about in order to benefit from new technologies and increase profit.