IST 301 Study Guide - Extranet, Competitive Advantage, Computer Network

• School: University of Kansas
• Department: Information Systems Technology
• Course: IST 301
• Professor: All

Document Summary

A set of interrelated components with a clearly defined boundary, working together to achieve a common set of objectives by accepting inputs and producing outputs in an organized transformation process. Input: capturing and assembling elements that enter the system to be processed. Processing: transformation process that converts input into output. Output: transferring transformed elements to their ultimate destination. All outputs have input, processing, and output. A cybernetic system, a self-monitoring, self-regulating system, adds feedback and control: Feedback is data about the performance of a system. Control involves monitoring and evaluating feedback to determine whether a system is moving toward the achievement of its goal. Business professionals should be able to look at an information system and identify . The people, hardware, software, data, and network resources they use. The way they perform input, processing, output, storage, and control activities. Collaboration with customers, suppliers, and other business stakeholders. == in essence, an online exchange of value==