Information Systems Chapter 1, 2, 3 Independent Study Notes

Chapter 1

• Why is Introduction to MIS the most important class in the business school?
• The cost of data processing, communications, and storage is essentially zero.
• Introduction to MIS can help you learn non-routine skills such as:
• Abstract Reasoning
• Ability to make and manipulate models
• Learning and understanding The Five Component System
• Systems Thinking
• Ability to model system components, connect inputs and outputs among components to reflect systems.
• Ability to think critically about, analyze, apply, and discuss different systems.
• Collaboration
• The Ability to Experiment
• The ability to use analysis to develop and evaluate possible solutions.
• What is MIS?
• Key Elements of MIS
• Management and Use
• How to develop, maintain, and adapt by creating information systems to meet your needs.
• Information Systems
• Strategies
• Goal of MIS
• Managing IS to achieve business strategies
• How can you use the five-component model?
• Five Component Framework
• Hardware
• Software
• Data
• Procedures
• People
• Your ability to conceive information from the data is important. Information is value you add to information systems. 
• Why is the difference between information technology  and information systems important?
• Information Systems focuses on procedures and people
• Information Technology focuses on hardware and software
• What is Information?
• Definitions vary, I agree with the concept of processed data.
• What are Necessary Data Characteristics?
• Accurate
• Timely
• Relevant to Context
• Relevant to Subject
• Just Sufficient
• Worth its Cost
• 2025?
• The world will become more connected, and most things will be capable of being completed online.

Chapter 2

What Are the Two Key Characteristics of Collaboration?

• Feedback
• Iteration
• Collaboration is built upon creating a work, showing your work to a peer, getting feedback from your peer, and then revising your original work based on the feedback given by your peer.

What Are The Three Criteria For Successful Collaboration?

• Successful Outcome
• Growth in Team Capability Overtime
• Meaningful and Satisfying Experience 

What are the four primary purposes of collaboration?

• Being Informed
• Make Decisions
• Solve Problems
• Manage Projects

What are the requirements for a collaboration information system?

• Hardware
• Software
• Data
• Procedure
• People

How can you use collaboration tools to improve team communication?

• Synchronous Communication
• Occurs when all team members meet at the same time, such as with conference calls or face to face meetings.
• Asynchronous Communication
• Occurs when team members do not meet at the same time.

How can you use collaboration tools to manage shared content?

• Through applications and cloud drives.
• Shared content can be controlled or not, but their is a spectrum of control.

How can you use Collaboration tools to manage tasks?

• Examples
• Sharing Task Lists on Google Drive
• Sharing Task Lists Using Microsoft Sharepoint

Which Collaboration IS is right for your team?

• It really depends on what your team needs, based on what your team is trying to do.

2025?

• Face to face meetings will become more rare.
• Free data communications and data storage will make collaboration systems cheaper and easier to use.
• More employees work at home full/part time
• Conventions become virtual
• Travel industry focuses on recreational travel
• Asynchronous Corporate Training

Chapter 3

• How does organizational strategy determine information systems structure?
• Information Systems exist to help organizations achieve  their strategies.
• Businesses goals and objectives are determined by competitive strategies. 
• Competitive strategies determine the structure, features, and functions of every information system.
• What five forces determine industry structure?
• Bargaining Power of Customers
• Threat of Substitutions
• Bargaining Power of Suppliers
• Threat of New Entrants
• Rivalry
• How does analysis of industry structure determine competitive strategy?
• Four Competitive Strategies
• Cost/Industry Wide: Lowest Cost Across the Country
• Cost/Focus: Lowest cost within an industry segment
• Differentiation/Industry Wide: Better product/service across the industry
• Differentiation/Focus: Better product/service within an industry segment.
• How does competitive strategy determine value chain structure?
• Primary Activities of Value Chains
• Inbound Logistics
• Receiving, storing, and disseminating inputs to the products.
• Operations/Manufacturing
• Transforming inputs into the final products.
• Outbound Logistics
• Collecting, storing, and physically distributing the products to buyers.
• Sales and Marketing
• Inducing buyers to purchase the products and providing a means for them to do so.
• Customer Service
• Assisting customers' use of the products and thus maintaining and enhancing the products' value.
• How do business processes generate value?
• Inbound Logistics > Manufacturing > Outbound Logistics > Sales and Marketing > Customer Service
• How does competitive strategy determine business processes and the structure of information systems?
• Information Systems exist to help organizations achieve  their strategies.
• Businesses goals and objectives are determined by competitive strategies. 
• Competitive strategies determine the structure, features, and functions of every information system.
• How do information systems provide competitive advantages?
• Depends on the system, and what the system does to establish competitive advantages.
• Examples of Competitive Advantages
• Enhances existing products
• Differentiates Products
• Locks in Customers
• Raises barriers to market entry
• Increases profit margins by decreasing costs and decreasing errors
• 2025?
• Speed of business accelerating
• New Business advances
• More new technology will be integrated into businesses