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K321
Chap 3
93
Management
Undergraduate 4
10/02/2013

Additional Management Flashcards

 


 

Cards

Term
Competitive Forces Model
Definition
-provides a general view of the firm, its competitors, and the firm's environment. Includes new market entrants, substitute products, customers, and suppliers.
Term
Efficient customer response system
Definition
-directly links consumer behavior to distribution and production and supply chains.
Term
Mass customization
Definition
-the ability to offer individually tailored products or services using the same production resources as mass production
Term
Switching costs
Definition
-the cost of switching from one product or service to competitor and loyalty to your firm.
Term
Low-cost leadership
Definition
-Use information systems to produce products and services at a lower price than competitors while enhancing quality and level of service. Ex: Walmart
Term
Product differentiation
Definition
-Use information systems to differentiate products, and enable new services and products. Ex: Google, eBay, Apple, Starbucks
Term
Focus on market niche
Definition
-Use information systems to enable a focused strategy on a single market niche; specialize Ex: Hilton Hotels, Harrah's
Term
Customer and supplier intimacy
Definition
-Use information systems to develop strong ties and loyalty with customers and suppliers Ex: Toyota Corporation, Amazon
Term
Substitute products or services
Definition
-Enables new substitutes to emerge with new approaches to meeting needs and performing functions.
Term
Customers' bargaining power
Definition
-shifts bargaining power to customers due to the availability of global price and product information
Term
Suppliers' bargaining power
Definition
-Tends to raise bargaining power over suppliers in procuring products and services; however, suppliers can benefit from reduced barriers to entry and from the elimination of distributors and other intermediaries standing between them and their users.
Term
Threat of new entrants
Definition
-Reduces barriers to entry, such as the need for a sales force, access to channels, and physical assets; it provides a technology for driving business processes that makes other things easier to do.
Term
Positioning and rivalry among existing competitors
Definition
-Widens the geographic market, increasing the number of competitors and reducing differences among competitors; makes it more difficult to sustain operational advantage; puts pressure on competition to compete on price.
Term
Value chain model
Definition
-model that highlights the primary or support activities that add a margin of value to a firm's products or services where information systems can best be applied to achieve a competitive advantage.
Term
Primary activities
Definition
Activities most directly related to the production and distribution of a firm's products or services
Term
Support activities
Definition
-activities that make the delivery of a firm's primary activities possible. Consist of the organization's infrastructure, human resources, technology, and procurement.
Term
Benchmarking
Definition
Setting strict standards for products, services, or activities and measuring organizational performance against those standards.
Term
Best Practices
Definition
-the most successful solutions or problem-solving methods that have been developed by a specific organization or industry.
Term
Value web
Definition
Customer-driven network of independent firms who use information technology to coordinate their value chains to collectively produce a product or service for a market.
Term
Core competency
Definition
Activity at which a firm excels as a world class leader.
Term
Network economies
Definition
Model of strategic systems at the industry level based on the concept of a network where adding another participant entails zero marginal costs but can create much larger marginal gains.
Term
Virtual company
Definition
Uses networks to link people, assets, and ideas, enabling it to ally with other companies to create and distribute products and services without being limited by traditional organizational boundaries or physical locations
Term
Disruptive technology
Definition
technologies with disruptive impact on industries and businesses, rendering existing products, services and business models obsolete.
Term
Domestic exporter
Definition
Form of business organization characterized by heavy centralization of corporate activities in the home country of origin.
Term
Multinational
Definition
form of business organization that concentrates financial management and control out of a central home base while decentralizing production, sales, and marketing operations to units in other countries.
Term
Franchisers
Definition
form of business organization in which a product is created, designed, financed, and initially produced in the home country, but for product-specific reasons relies heavily on foreign personnel for further production, marketing, and human resources.
Term
Transnational
Definition
Truly global form of business organization where value-added activities are managed from a global perspective without reference to national borders, optimizing sources of supply and demand and local competitive advantage.
Term
Centralized systems
Definition
systems development and operation occur totally at the domestic home base.
Term
Duplicated systems
Definition
development occurs at the home base but operations are handed over to autonomous units in foreign locations.
Term
Decentralized systems
Definition
each foreign unit designs its own unique solutions and systems.
Term
Networked systems
Definition
systems development and operation occur in an integrated and coordinated fashion across all units.
Term
Quality
Definition
product or service's conformance to specifications and standards.
Term
Total quality management (TQM)
Definition
a concept that makes quality control a responsibility to be shared by all people in an organization.
Term
Six sigma
Definition
A specific measure of quality, representing 3.4 defects per million opportunities; used to designate a set of methodologies and techniques for improving quality and reducing costs.
Term
cycle time
Definition
the total elapsed time from the beginning of a process to its end.
Term
computer-aided design (CAD) system
Definition
Information system that automates the creation and revision of designs using sophisticated graphics software.
Term
Business Process Management (BPM)
Definition
Business process management is an approach to business which aims to continuously improve and manage business processes.
Term
Business Process Reengineering (BPR)
Definition
The radical redesign of business processes, combining steps to cut waste and eliminating repetitive, paper-intensive tasks in order to improve cost, quality, and service, and to maximize the benefits of information technology.
Term
Acceptance testing
Definition
Provides the final certification that the system is ready to be used in a production setting
Term
Component-based development
Definition
Building large software systems by combining pre-existing software components.
Term
Computer-aided software (CASE) Engineering
Definition
provides software tools to automate the methodologies described to reduce the amount of repetitive work in systems development.
Term
Conversion
Definition
the process of changing from the old system to the new system
Term
Customization
Definition
the modification of a software package to meet an organizations unique requirements without destroying the package software's integrity.
Term
Data flow diagram (DFD)
Definition
primary tool for structured analysis that graphically illustrates a system's component process and the flow of data between them.
Term
Direct cutover strategy
Definition
A risky conversion approach where the new system completely replaces the old one on an appointed day.
Term
Documentation
Definition
descriptions of how an information system works from either a technical or end-user standpoint.
Term
End-user development
Definition
the development of information systems by end users with little or no formal assistance from technical specialists
Term
Ergonomics
Definition
the interaction of people and machines in the work environment, including the design of jobs, health issues, and the end-user interface of information systems.
Term
Feasibility study
Definition
As part of the systems analysis process, he way to determine whether the solution is achievable, given the organization's resources and constraints.
Term
Formal planning and tools
Definition
improve project management by listing the specific activities that make up a project, their duration, and the sequence and timing of tasks.
Term
Gantt chart
Definition
visually represents the timing, duration, and human resource requirements of project tasks, with each task represented as a horizontal bar whose length is proportional to the time required to complete it.
Term
Implementation
Definition
Simon's final stage of decision-making, when the individual puts the decision into effect and reports on the progress of the solution.
Term
Information requirements
Definition
A detailed statement of the information needs that a new system must satisfy; identifies who needs what information, and when, where, and how the information is needed
Term
Information systems plan
Definition
a road map indicating the direction of systems development the rationale, the current situation, the management strategy, the implementation plan and the budget.
Term
Intangible benefits
Definition
benefits that are not easily quantified; they include more efficient customer service or enhanced decision making
Term
Joint application design (JAD)
Definition
process to accelerate the generation of information requirements by having end users and information systems specialists work together in intensive interactive design sessions.
Term
Maintenance
Definition
changes in hardware, software, documentation, or procedures to a productions system to correct errors, meet new requirements,or improve processing efficiency.
Term
Object-oriented development
Definition
approach to systems development that uses the object as the basic unit of systems analysis and design. The system is modeled as a collection of objects and the relationship between them.
Term
Organizational impact analysis
Definition
study of the way a proposed system will affect organizational structure, attitudes, decision making, and operations.
Term
Parallel strategy
Definition
a safe and conservative conversion approach where both the old system and its potential replacement are run together for a time until everyone is assured that the new one functions correctly.
Term
PERT charts
Definition
graphically depicts project tasks and their interrelationships, showing the specific activities that must be completed before others can start.
Term
Phased approach
Definition
introduces the new system in stages either by functions or by organizational units.
Term
Portfolio analysis
Definition
an analysis of the portfolio of potential applications within a firm to determine the risks and benefits, and to select among alternatives for information systems.
Term
Process specifications
Definition
describe the logic of the processes occurring within the lowest levels of a data flow diagram.
Term
Production
Definition
the stage after the new system is installed and the conversion is complete; during this time the system is reviewed by users and technical specialists to determine how well it has met its original goals.
Term
Project
Definition
a planned series of related activities for achieving a specific business objective.
Term
Project management
Definition
Application of knowledge, skills, tools and techniques to achieve specific targets within specified budget and time constraints.
Term
Prototyping
Definition
the process of building an experimental system quickly and inexpensively for demonstration and evaluation so that users can better determine information requirements.
Term
Rapid application development (RAD)
Definition
process for developing systems in a very short time period by using prototyping, fourth generation tools, and close teamwork among users and systems specialists.
Term
Request for proposal (RFP)
Definition
a detailed list of questions submitted to vendors of software or other services to determine how well the vendor's product can meet the organization's specific requirements.
Term
Scope
Definition
defines what work is or is not included in a project
Term
Scoring model
Definition
a quick method fro deciding among alternative systems based on a system of ratings for selected objectives.
Term
Structure chart
Definition
system documentation showing each level of design, the relationship among the levels, and the overall place in the design structure; can document one program, one system or part of one program.
Term
Structured
Definition
refers to the fact that techniques are carefully drawn up, step by step, withe each step building on a previous one.
Term
System testing
Definition
tests the functioning of the information system as a whole in order to determine if discrete modules will function together as planned.
Term
Systems analysis
Definition
the analysis of a problem that the organization will try to solve with an information system.
Term
Systems design
Definition
details how a system will meet the information requirements as determined by the systems analysis.
Term
Systems development lifecycle (SDLC)
Definition
a traditional methodology for developing an information system that partitions the systems development process into formal stages that must be completed sequentially with a very formal division of labor between end users and information systems specialists.
Term
Tangible benefits
Definition
benefits that can be quantified and assigned a monetary value; they include lower operational costs and increased cash flows.
Term
Test plan
Definition
prepared by the development team in conjunction with the users it includes all of the preparation for the series of tests to e performed on the system.
Term
Testing
Definition
the exhaustive and thorough process that determines whether the system produces the desired results under known conditions.
Term
Unit testing
Definition
the process of testing each program separately in the system. Sometimes called program testing.
Term
User-designer communications gap
Definition
the differences in backgrounds, interests, and priorities that impede communication and problem solving among end users and information systems specialists.
Term
Sales and operations planning (S & OP)
Definition
A process of balancing resources and forecasted demand, aligning an organization's competing demands from supply chain to final customer, while linking strategic planning with operations over all planning horizons.
Term
Aggregate plan
Definition
A plan that includes forecast levels for families of products of finished goods, inventory, shortages, and changes in the workforce.
Term
Disagregation
Definition
The process of breaking an aggregate plan into greater detail.
Term
Chase strategy
Definition
A planning strategy that sets production equal to forecast demand.
Term
Level scheduling
Definition
Maintaining a constant output rate, production rate, or workforce level over the planning horizon.
Term
Mixed strategy
Definition
A planning strategy that uses two or more controllable variables to set a feasible production path.
Term
Graphical techniques
Definition
Aggregate planning techniques that work with a few variables at a time to allow planners to compare projected demand with existing capacity.
Term
Transportation method of linear
Definition
A way of solving for the optimal solution to an aggregate planning problem.
Term
Revenue (or yield) management
Definition
Capacity decisions that determine the allocation of resources to maximize revenue or yield.
Term
Master production schedule
Definition
A timetable that specifies what is to be made and when.
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