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MIST 2090 - MIDTERM 1 STUDY GUIDE WITH COMPLETE QUESTIONS AND ANSWERS { GRADED A+} $8.49   Add to cart

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MIST 2090 - MIDTERM 1 STUDY GUIDE WITH COMPLETE QUESTIONS AND ANSWERS { GRADED A+}

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MIST 2090 - MIDTERM 1 STUDY GUIDE WITH COMPLETE QUESTIONS AND ANSWERS { GRADED A+} Definition of Management Information Systems - an organized intergration of hardware amd software tech, data, processes, and human elements designed to produce timely, integrated, relevant, accurate, and us...

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  • August 22, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
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MIST 2090 - MIDTERM 1 STUDY GUIDE

WITH COMPLETE QUESTIONS AND

ANSWERS { GRADED A+}




Definition of Management Information Systems - ✔✔an organized intergration of

hardware amd software tech, data, processes, and human elements designed to

produce timely, integrated, relevant, accurate, and useful info for decision-making

purposes


Changes in how a company sells to customers - ✔✔more info reliant


Ex: Targeted Ads


Business Intelligence and Data Mining help manage customer relations


Analytics strategy at Target (How Companies Learn Your Secrets) - ✔✔use

analytics to track what people search on their website and send relevant ads to

those people

, Ex: Teen Preganancy and Diaper stories


How the 3 lenses are changing business - ✔✔new combinations of minds and

machines are changing the way businesses execute their most important processes


Shifting away from HIPPO (System 1) and using more data (System 2)


Relevance of HIPPO - ✔✔highest paid person's opinion - decision making

process that occurs in a hierarchial org


what happened last time? and status quo bias - ✔✔Many companies did not

survive the transition from one age to another


EX: Electricity


EX: Nokia not developing smartphones


Definition of a business model - ✔✔describes the rationale of how an org creates,

delivers, and captures value


why we use the business model canvas - ✔✔gives a "shared lang" to think about

how to innovate in a rapidly changing socio technical context


Customer Segments - ✔✔org/business choose to serve; heart of the business

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