BUS 303 Saylor EXAM, 2025 QUESTIONS AND
VERIFIED SOLUTIONS |ELABORATED &DETAILED
ANSWERS!!
Save
Terms in this set (148)
An integrated and cooperating set of software
directed information technologies
Information System
supporting individual, group, organizational, or
societal goals.
An organization's strengths, weaknesses,
SWOT opportunities, and threats. Used to evaluate their
business strategy.
"Doing the right thing" A more effective firm can make
Effectiveness better decisions and carry them out more
successfully.
"Doing things right". Less input effort but same output,
Efficiency or same amount of input effort producing more
output.
The current state in time where computers are so fast
and so inexpensive that they have become ubiquitous
Fifth Wave
—woven into products in ways few imagined years
before.
Hardware, software and telecommunication
Information Technology equipment that is used to capture, process, store
and distribute information.
, Means that next generation chips should be twice as
Moore's Law fast in eighteen months, but cost the same as today's
models .
Supplier Power
Buyer Power
Threat of Substitution
Porter's Five Forces Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
An organization's adherence to laws, regulations,
Regulatory Compliance
guidelines and specifications relevant to its business.
Measures the amount of return on an investment,
relative to the investment's cost.
Return on Investment
(Gain from Investment - Cost of Investment) / Cost of
Investment
The critical process of bringing data into a common
format that allows for collaborative research, large-
Data Standardization
scale analytics, and sharing of sophisticated tools and
methodologies.
Sustained Competitive A long-term competitive advantage that is not easily
Advantage duplicable or surpassable by the competitors.
A series of tasks that are repeated in order to produce
Business Process
a measurable output.
is concerned with creating the general framework in
Strategic management
which the business process are executed.
creates the workflow for formalizing and automating
Operational management business processes and applying information systems,
as appropriate, to support process execution.
, typically the role of the IS unit, is responsible for
Administrative
developing the organizational and information
management
systems infrastructure to support business processes.
, Repositories for large amounts of transactional data
Data mart / warehouse
awaiting analytics and reporting.
ePK event controlled chain of process diagrams
This integrates an organization to make individual
Business process processes more efficient and can be used to fix one
management problem or create a unifying system to consolidate
problems.
The process of analyzing data warehouses for
information that can be used in management decision
making.
Data mining
Notable applications:
Voice recognition
Classification of DNA sequences
Natural Language processing
The true value with this system is integration between
Enterprise Resource the different systems and different aspects of a
Planning company, with integration between selling, sourcing,
producing, delivering, and invoicing.
The complete and radical redesign of a business
process, which is difficult because of resistance to
Business process
change, the expense, and the high probability of
reengineering
failure with the implementation of an entirely new
system.
Leverages data cubes, which take data from standard
OLAP relational databases, calculating and summarizing
data for super-fast reporting access.
Firms that mismanage their customer data assets risk
What factors limit business lawsuits, brand damage, lower sales, fleeing
intelligence initiatives? customers, and can prompt more restrictive
legislation.
Strategic Information seeks to integrate and to align strategic objectives
Systems Planning (SISPM) with an existing IS plan or business need.
VERIFIED SOLUTIONS |ELABORATED &DETAILED
ANSWERS!!
Save
Terms in this set (148)
An integrated and cooperating set of software
directed information technologies
Information System
supporting individual, group, organizational, or
societal goals.
An organization's strengths, weaknesses,
SWOT opportunities, and threats. Used to evaluate their
business strategy.
"Doing the right thing" A more effective firm can make
Effectiveness better decisions and carry them out more
successfully.
"Doing things right". Less input effort but same output,
Efficiency or same amount of input effort producing more
output.
The current state in time where computers are so fast
and so inexpensive that they have become ubiquitous
Fifth Wave
—woven into products in ways few imagined years
before.
Hardware, software and telecommunication
Information Technology equipment that is used to capture, process, store
and distribute information.
, Means that next generation chips should be twice as
Moore's Law fast in eighteen months, but cost the same as today's
models .
Supplier Power
Buyer Power
Threat of Substitution
Porter's Five Forces Threat of New Entry
affect your Competitive Rivalvry
Also known as Industry and Competitive Analysis.
An organization's adherence to laws, regulations,
Regulatory Compliance
guidelines and specifications relevant to its business.
Measures the amount of return on an investment,
relative to the investment's cost.
Return on Investment
(Gain from Investment - Cost of Investment) / Cost of
Investment
The critical process of bringing data into a common
format that allows for collaborative research, large-
Data Standardization
scale analytics, and sharing of sophisticated tools and
methodologies.
Sustained Competitive A long-term competitive advantage that is not easily
Advantage duplicable or surpassable by the competitors.
A series of tasks that are repeated in order to produce
Business Process
a measurable output.
is concerned with creating the general framework in
Strategic management
which the business process are executed.
creates the workflow for formalizing and automating
Operational management business processes and applying information systems,
as appropriate, to support process execution.
, typically the role of the IS unit, is responsible for
Administrative
developing the organizational and information
management
systems infrastructure to support business processes.
, Repositories for large amounts of transactional data
Data mart / warehouse
awaiting analytics and reporting.
ePK event controlled chain of process diagrams
This integrates an organization to make individual
Business process processes more efficient and can be used to fix one
management problem or create a unifying system to consolidate
problems.
The process of analyzing data warehouses for
information that can be used in management decision
making.
Data mining
Notable applications:
Voice recognition
Classification of DNA sequences
Natural Language processing
The true value with this system is integration between
Enterprise Resource the different systems and different aspects of a
Planning company, with integration between selling, sourcing,
producing, delivering, and invoicing.
The complete and radical redesign of a business
process, which is difficult because of resistance to
Business process
change, the expense, and the high probability of
reengineering
failure with the implementation of an entirely new
system.
Leverages data cubes, which take data from standard
OLAP relational databases, calculating and summarizing
data for super-fast reporting access.
Firms that mismanage their customer data assets risk
What factors limit business lawsuits, brand damage, lower sales, fleeing
intelligence initiatives? customers, and can prompt more restrictive
legislation.
Strategic Information seeks to integrate and to align strategic objectives
Systems Planning (SISPM) with an existing IS plan or business need.
