Chapter 1 Define the term “big data.” Explain how virtual meetings affect busine
ID: 361447 • Letter: C
Question
Chapter 1
Define the term “big data.”
Explain how virtual meetings affect business management. Identify one virtual meeting tools.
Identify two ways Management Information Systems has enabled a global economy?
Businesses invest in MIS to meet six strategic goals or objectives: operational excellence, new products and services, customer and supplier intimacy, improved decision making, competitive advantage and survival. Select one of these goals and describe how MIS helps a business to meet this goal.
Define the term “information system.” How is “IS” broader in scope than just Information technology?
Chapter 2
Business processes deal with how work is organized and performed to provide a service or produce a product. Identify and explain one way Management Information Systems (MIS) helps to improve business processes.
Define the term “business intelligence.”
Customer relationship management (CRM) is critical to the success of any organization. Define the term customer relationship management systems.
Explain how social business enhances collaboration.
Chapter 3
MIS helps businesses to compete on different levels. Identify two ways MIS provides competitive advantage to companies.
Explanation / Answer
Define the term “big data.”
Big data mean a data which is so large and complex that the traditional software will not be able to process these set of data. Any large data is not a big data. Big data is broken down into four Vs.
Explain how virtual meetings affect business management. Identify one virtual meeting tool.
Virtual meeting affect business management in various ways it has advantages and disadvantages.
Advantages:
Disadvantages:
WebEx is one of the tools for virtual meetings. It is a product of Cisco who is a leader in providing video conferencing solutions to the companies.
Identify two ways Management Information Systems has enabled a global economy?
MIS has affected the world in a very positive way. It has impacted the business and enabled a global economy for a business:
Businesses invest in MIS to meet six strategic goals or objectives: operational excellence, new products and services, customer and supplier intimacy, improved decision making, competitive advantage and survival. Select one of these goals and describe how MIS helps a business to meet this goal.
Goal selected: Improved decision making.
Decision making for any organization is done in a step wise manner. There is a methodology organizations follow to make a decision. Decision making process involves various steps and MIS helps in each of it:
All the steps in a decision making process require lots of data which is provided through MIS
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