BUS 303 Saylor Questions and Answers
Moore's Law Means that next generation chips should be twice as fast in eighteen months,
but cost the same as today's models .
Porter's Five Forces Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance An organization's adherence to laws, regulations, guidelines and
specifications relevant to its business.
Return on Investment Measures the amount of return on an investment, relative to the
investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
, BUS 303 Saylor Questions and Answers
Data Standardization The critical process of bringing data into a common format that
allows for collaborative research, large-scale analytics, and sharing of sophisticated tools and
methodologies.
Sustained Competitive Advantage A long-term competitive advantage that is not easily
duplicable or surpassable by the competitors.
Business Process A series of tasks that are repeated in order to produce a measurable
output.
Strategic management is concerned with creating the general framework in which the
business process are executed.
Operational management creates the workflow for formalizing and automating business
processes and applying information systems, as appropriate, to support process execution.
, BUS 303 Saylor Questions and Answers
Administrative management , typically the role of the IS unit, is responsible for
developing the organizational and information systems infrastructure to support business
processes.
Data mart / warehouse Repositories for large amounts of transactional data awaiting
analytics and reporting.
ePK event controlled chain of process diagrams
Business process management This integrates an organization to make individual
processes more efficient and can be used to fix one problem or create a unifying system to
consolidate problems.
Data mining The process of analyzing data warehouses for information that can be used in
management decision making.
Notable applications:
Voice recognition
Classification of DNA sequences
, BUS 303 Saylor Questions and Answers
Natural Language processing
Enterprise Resource Planning The true value with this system is integration between the
different systems and different aspects of a company, with integration between selling, sourcing,
producing, delivering, and invoicing.
Business process reengineering The complete and radical redesign of a business process,
which is difficult because of resistance to change, the expense, and the high probability of failure
with the implementation of an entirely new system.
OLAP Leverages data cubes, which take data from standard relational databases,
calculating and summarizing data for super-fast reporting access.
What factors limit business intelligence initiatives? Firms that mismanage their customer
data assets risk lawsuits, brand damage, lower sales, fleeing customers, and can prompt more
restrictive legislation.
Strategic Information Systems Planning (SISPM) seeks to integrate and to align strategic
objectives with an existing IS plan or business need.
Moore's Law Means that next generation chips should be twice as fast in eighteen months,
but cost the same as today's models .
Porter's Five Forces Supplier Power
Buyer Power
Threat of Substitution
Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
Regulatory Compliance An organization's adherence to laws, regulations, guidelines and
specifications relevant to its business.
Return on Investment Measures the amount of return on an investment, relative to the
investment's cost.
(Gain from Investment - Cost of Investment) / Cost of Investment
, BUS 303 Saylor Questions and Answers
Data Standardization The critical process of bringing data into a common format that
allows for collaborative research, large-scale analytics, and sharing of sophisticated tools and
methodologies.
Sustained Competitive Advantage A long-term competitive advantage that is not easily
duplicable or surpassable by the competitors.
Business Process A series of tasks that are repeated in order to produce a measurable
output.
Strategic management is concerned with creating the general framework in which the
business process are executed.
Operational management creates the workflow for formalizing and automating business
processes and applying information systems, as appropriate, to support process execution.
, BUS 303 Saylor Questions and Answers
Administrative management , typically the role of the IS unit, is responsible for
developing the organizational and information systems infrastructure to support business
processes.
Data mart / warehouse Repositories for large amounts of transactional data awaiting
analytics and reporting.
ePK event controlled chain of process diagrams
Business process management This integrates an organization to make individual
processes more efficient and can be used to fix one problem or create a unifying system to
consolidate problems.
Data mining The process of analyzing data warehouses for information that can be used in
management decision making.
Notable applications:
Voice recognition
Classification of DNA sequences
, BUS 303 Saylor Questions and Answers
Natural Language processing
Enterprise Resource Planning The true value with this system is integration between the
different systems and different aspects of a company, with integration between selling, sourcing,
producing, delivering, and invoicing.
Business process reengineering The complete and radical redesign of a business process,
which is difficult because of resistance to change, the expense, and the high probability of failure
with the implementation of an entirely new system.
OLAP Leverages data cubes, which take data from standard relational databases,
calculating and summarizing data for super-fast reporting access.
What factors limit business intelligence initiatives? Firms that mismanage their customer
data assets risk lawsuits, brand damage, lower sales, fleeing customers, and can prompt more
restrictive legislation.
Strategic Information Systems Planning (SISPM) seeks to integrate and to align strategic
objectives with an existing IS plan or business need.
