ITM 100 Lecture Notes - Lecture 1: Computer Hardware, Intranet, Management Information System
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Business function: specialized tasks performed by business organizations consists of sales and marketing, manufacturing and productions, finance and accounting, and human resources. Business model: describes how a company produces, delivers, and sells a product or service to create wealth. Business processes: refer to the set of logically related tasks and behaviors that organizations develop over time to produce specific business results and the unique manner in which these activities are organized and coordinated. Complementary assets: are those assets required to derive value from a primary investment. Computer hardware: the physical equipment used for input, processing, and output activities in an information system. Computer software: the detailed, pre-programmed instructions that control and coordinate the computer hardware components in an information systems. Culture: fundamental set of assumptions, values, and ways of doing things, that has been accepted by most of its members.