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Definition
| indicates that a business operates by transforming inputs into outputs and by constantly interacting with its environment |
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| person, or entity, a government agency or a competitor that has an interest and an influence on how a business will function |
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Definition
| business must remain open to their environment |
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| a series of steps to transform inputs into their main outputs |
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Definition
| is a special kind of output by a business process that is then returned to the system |
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| functional and decentralized structures |
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Definition
| the lines of authority and communication are vertically oriented |
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Definition
| blends the functional and decentralized organization structures |
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| is an exchange of goods or services between two or more parties |
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Definition
| is a connected series of activities, each of which adds value or supports the addition of value to the firm's goods or services |
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| supply chain management (SCM) |
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Definition
| manages materials, info, and finances as they move in a process from supplier to manufacturer and so on |
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| uses technology, instead of knowledge workers to perform tedious or repetitive tasks |
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Definition
| is recognizing that executing processes also creates new data and infromation |
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Term
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Definition
| using IT to help them acquire or continue a competitive advantage over their competitors |
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