Chapter 3 


-An organizations goals are and objectives are determined by its competitive strategy. 

Five forces determine industry profitability.

*Bargaining Power of customers- Strong force: Toyota's paint (they have a customer that will purchase at high volume)

*Threat of substitutions- Strong Force: Frequent traveler's choice of auto rental.

*Bargaining power of suppliers: New car dealers (because they control that the "trie price" is without the customer knowing the true accuracy of the price that particular car.

*Threat of the new entrants: Corner latte stand (because of easy business replication)

*Rivalry: Used car dealers (Many options to choose from from a customers perspective)

-An organization responds to the structure by using a competitive strategy.  


~Model~

Cost

(A) Industry wide- Lowest cost across the industry.

(B) Focus- Lowest cost within an industry segment. 


 Differentiation- 

(A) Better product/service across the industry.

(B) Better productive/service within an industry segment.


*Value- The amount of money that a customer is willing to pay for the resource. 

*Margin- The difference between the value that an activity generates and the cost of the activity.

*Value chain- a network of value-creating activities.

~Primary Activity

*Inbound Logistics-Recieveing storing, and disseminating inputs to the products.

* Operations/Manufacturing- Transforming inputs into the final product.

*Outbound logistics- Collecting, storing, and physically distributing the products to buyers.

*Sales and Marketing- Inducing the buyers to purchase the products and providing a means for them to do that.

*Customer Service- Assisting customers' use of the products and thus maintaining and enhancing the products' value.

-

*Linkages- interactions across the value activities.
Ex: Manufacturing systems use linkages to reduce inventory costs.

*Business process- A network of the activities that generate the value by transforming inputs into outputs.

*The ( Cost ) of the business process in the cost of the inputs plus the cost of the activities.

*activity- Each activity is business function that receives inputs and produces outputs.

*Repository- A collection of something.
Ex: A database

Chapter 2 Collaboration Information Systems

The real life problems with collaborative work is not everyone is able to make the same commitment. It's Hard to get everyone in the same place at the same time because everyone has different lives and different obligations. People are also different. there are different types of learners. Some people learn best by reading, some by watching.   

*Cooperation- A group of people working together.
*Collaboration- A group of people working together to achieve a common goal via a process of feedback and iteration.

*operational decisions- those that support operational, day-to-day activities.

*Managerial decisions-  Decisions about the allocation and utilization of resources.

*strategic decisions- Those that support broad-scope, organizational issues.

*Structured decision- An understood and accepted method for making the decision.

*Unstructured decision- Process for which there is no agreed-on decision making method.

*Problem- A perceived difference between what is and what ought to be.

*Webinar-virtual sales presentations 

*Screen sharing- Looking at the sam white board.

*Virtual meeting- Do not meet at the same time and possibly not at the same time.

*File server- stores files.
*google drive-free service stores (Drive) into a virtual cloud 

*workflow- manage activités in a predefined process.
*libraries-shared directories.

Collaboration benefits:

-Different ideas from different minds

- Different perspectives

-Different values and strong points from different employees

-Different core values coming together to come to a conclusion

-Easier work load.

-Fairness

Some say the best form of learning is by watching because feelings get attached to our memories.

List of reasons why it may be difficult to collaborate:

Wastes time covering old ground.

Cell phone calls interrupt meeting (Family or Private obligations).

Not reading meeting minutes. (People don’t about the meeting until while it’s currently happening).

Poor combination can also be a factor

Interpersonal conflicts with other associates or people can be huge factor for how smooth the meeting will run. 

Characteristics of Collaboration and Cooperation.

*Collaboration includes Feedback and iteration.

Cooperation lacks Feedback and iteration loop. 

The primary Purposes of Collaboration:

Become informed:

Share data and communicate interpretations

Develop and document shared understandings (Someone may find a new discovery by using his idea incorporated with another persons idea.  

*Make decisions- With validation from others its easier to come to one collaborative conclusion. 

*Solve problems- While one person has an idea, the other people can say why this idea does or doesn’t work whether they may have tried the idea or not.

*Managing projects- With many people collaborating in different groups it creates a better perspective on the collaborative ideas on a certain project. It makes the project easier to manage if everyone is working together versus is someone is working alone.

Requirements for a successful collaboration include:

-Completing the work on time, on budget

-Growth in team compatibility

-Meaningful and satisfying experience

Chapter 1:

MIS will teach you: 

-How technology technology fundamentally changes business. 

-Why executives try to find ways to use new technology a sustainable competitive advantage. 

-Assess, evaluate, apply emerging information technology to business.

-Help you to attain knowledge needed by future business professionals.

*The goal of of MIS- To Achieve business strategies.

The Key elements:

Management and use

Information systems

Strategies

*Bell’s Law- A new class of computers/technology forms roughly 10 years.

- Today’s highly successful business could be bankrupt quickly because technology changed and it didn’t. 

Technology is constantly changing and it is important i our society today. The constant changing of people and ideas are what fuels MIS and the industries that come. Our ideas our revolutionary and humans are constantly in motion which is why it’s important for MIS to evolve as we evolve. It is the information age. With MIS we now are able to discover new passageways and short cuts to information and create products that help us learn more about each other and what we as people could do working with different sources of information. 

During this digital revolution for example with google glasses, companies have stemmed to even greater technological ideas that are even more technologically sound than former ideas. The Apple Watch was created as a way to stem from from not just a watch thats digital, but to a digital watch thats also a phone. The new self-driving cars are just a test, but it has qualified to keep the mystery going of whether or not it can be used in the future. 

Notes: *Moore’s Law: Computers are getting exponentially faster. Th cost of the data is approaching zero. 

*Metcalfe’s Law- More digital devices are connected together. The value of the digital and social networks is increasing exponentially. Network speed is increasing exponentially. 

*Nielsen’s Law- Network speed is increasing. Higher speeds enable new products, platforms, and companies.

*Kryder’s Law- Storage capacity is increasing exponentially. The cost of storing data is approaching zero. 

Why MIS is important.

        MIS is important because it allows people to share and create more information that could help others for even better ideas for information technology that could be used in the future. People who work in companies that need to use MIS will have a better platform for using the information they've learned to create even greater ideas. For example, before Facebook became a networking website, it started as just a site for University goers to create a profile on and rate people’s attractiveness. That site later branched into a public networking website used for friends, family and other forms of networking. With the format of the idea for the website. Mark Zuckerberg was able to create a worldwide phenomenon. Through information systems and formatting he was able to use the same concepts from the original website uses and change the format into a website that became widely successful. 

Without information systems certain applications on Apple computers may have never been thought of or created for students or any users to come by them. 

An individual once used MIS and asked the question, “How do we create something equivalent to Microsoft word for MAC users?” The Mac application Pages, for example, is another form of Microsoft Word that can be used very similarly to help Mac users create word documents on a device that does not come with Microsoft Word. The formatting of this computer application came from the usage of MIS and someone who new the standardization of creating such an application that could be user friendly on a Mac computer for any user that doesn’t use a PC computer. 

        Without the use of information from a prior operating system, there wouldn’t have been a Pages application created as a replica for Microsoft word for students like me to use for school. People have found that without certain applications on computers for high school, or college students like me, people will not bother to invest in a product that cannot do the job. ith using MIS a manager can easily communicate with their employees and make sure their employees are up to speed on information. If new information is added and can be sent out to other employees everyone in the company will be on the same page and more progress can be made at a faster route with combined information. 

        If there is something wrong with a company’s website, for example if Facebook or a twitter account was hacked, an individual could reach out through MIS to multiple individual 

who could help fix the glitch or problem. If a twitter account is hacked, an individual can get the message to someone who can use MIS to get the message out or to hopefully fix the problem by shutting down the account and make others aware in the workforce of that problematic encounter. 

Recently Apple has has a virus that has spread to several iPhone’s and Apple was able to create an update fix the issue with phones that hopefully were not affected. the company came up with a public announcement to all iphone users that the phone update will protect them from the virus. The signal sent out through MIS was a crucial and costly situation as iPhone users would have to pay for hundred dollars out of pocket if their phone was effected by that particular virus. This was one of the first times Apple has had to deal with an issue that caused many to panic over their use of the product. With the use of MIS employees were able to transport importnat information and relay the issue with one another to fix the problem. Once an application was made to fix the issue with the global virus Apple sent out a downloadable fix to every iPhone. Through MIS and other uses of informations systems technology people are able to adapt and connect with world around them. MIS has created and set standards for years to come and will hopefully always live on in the technological world.