BUS-K 201 Study Guide - Fall 2018, Comprehensive Midterm Notes - Customer Relationship Management, Starship Enterprise, Information System
BUS-K 201
MIDTERM EXAM
STUDY GUIDE
Fall 2018
Bus K 201 Ch. 1 Notes
Moore’s Law
- The number of transistors per square inch on an integrated chip doubles every 18
months
- Computers are getting exponentially faster
- The cost of data procession is approaching zero
Metcalfe’s Law
- The value of a network is equal to the square to the square of the number of users
connected
- More digital devices are connected together
- The value of digital and social networks is increasing exponentially
Nielson’s Law
- Network connection speeds for high-end users will increase by 50 percent per year
- Network speed is increasing
- Higher speeds enable new products, platforms, and companies
Kryder’s Law
- The storage density on magnetic disks is increasing at an exponential rate
- Storage capacity is increasing exponentially
- The cost of storing data is approaching zero
Bell’s Law
- Digital devices will evolve so quickly they will enable new platforms, programming
environments, industries, and information systems every 10 years
Nonroutine cognitive skills
- Abstract Thinking
o Ability to make and manipulate models
- Systems Thinking
o Ability to model the components of a system to connect the inputs and outputs
into a sensible whole that reflects the structure and dynamic of the
phenomenon observed
o Find ways to create more efficient processes
- Collaboration
o Activity where two or more people work together to achieve a common goal
o Provide and receive critical feedback
- Experimentation
o Making a reasoned analysis of an opportunity, envisioning solutions, and
developing the most promising ones
find more resources at oneclass.com
find more resources at oneclass.com
Tradeable job
- A job that is not dependent on a particular location
- Can be outsources over seas
MIS: (Management information systems)
- The management and use of information systems that help organizations achieve their
strategies
Information Systems = Computer-based information system
- Assembly of hardware, software, data, procedures, and people that produce
information
Information Technology
- Products, methods, inventions, and standards used for the purpose of producing
information
System
- A group of components that interact to achieve some purpose
Five-component Framework
- A model of the components of an
information system
o Computer hardware
o Software
o Data
▪ Center of everything
o Procedures
o People
Information
- Processed data
- Data presented in meaningful context
Data
- Recorded facts or figures
- Graphs are data
find more resources at oneclass.com
find more resources at oneclass.com
Document Summary
The number of transistors per square inch on an integrated chip doubles every 18 months. The cost of data procession is approaching zero. The value of a network is equal to the square to the square of the number of users connected. The value of digital and social networks is increasing exponentially. Network connection speeds for high-end users will increase by 50 percent per year. Higher speeds enable new products, platforms, and companies. The storage density on magnetic disks is increasing at an exponential rate. The cost of storing data is approaching zero. Digital devices will evolve so quickly they will enable new platforms, programming environments, industries, and information systems every 10 years. Abstract thinking: ability to make and manipulate models. Systems thinking: ability to model the components of a system to connect the inputs and outputs into a sensible whole that reflects the structure and dynamic of the phenomenon observed, find ways to create more efficient processes.
