MCS 2020 Chapter Notes - Chapter 1: Information System, Sunk Costs, Creative Destruction

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 2020
• Professor: Jeffrey O' Leary

Document Summary

Information system (is): a group of components that interact to produce information. Hardware: electronic components and related gadgetry that input, process, output, store, and communicate data according to instructions encoded in computer programs or software. Software: instructions for computer (programs or application that run or operate on a computer system) People: those who operate and service on computers, those who maintain data, those who support networks, and those who use the system. Management information systems (mis): information systems that help businesses achieve their goals and objectives. Designed and created by business analysts and systems designers at the request of senior managers or entrepreneurs. It is important to know how information systems work, even if you are not developing them directly. An information system is found more often then a marketing system, every organization has one. It is important to as what will this do for use , you do not want to upgrade to simply follow the pack.