DSCI 320 Study Guide - Quiz Guide: Web Developer, Disruptive Innovation, Cost Leadership
6 Feb 2017
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Document Summary
Data is considered a core driver of the information age. Acquiring new technology, copying business operations and hiring away key employees are 3 typical ways a company would try and copy a competitive advantage. Broad differentiation, broad cost leadership and focused strategy a create the three generic strategies outline by porter. Open source refers to any software whose source code is made available free ( note on a fee or licensing basis as in ebusiness) for any third party to review and modify. Efficiency mis metrics include throughput, transaction speed and system availability. In the 6 step decision making process definition of the problem as clearly and precisely as possible occurs in the problem identification step. Information richness refers to the breadth and depth of details contained in textual , graphic, audio or video information. Analytics is the science of fact- based decision making. Each level of the organizational pyramid requires different types of information to assist in decision making.
