MOS 1033 Midterm Exam Study Guide – Digital
Transformation, IS & Business Strategy|Verified
Rationales Graded A+ Latest Updated 2026
Digitalization
process of digitizing/converting signals from analog into the digital form.
Digital Transformation
application and exploitation of digital technology to radically rethink organizational business and
operational models. Digital transformation is underpinned by the redesign of existing
organizational IS.
Digital Innovation
the application of digital technologies by existing organization to create new and improved
products, processes, or services.
Digital Entrepreneurship
the creation of new economic activities embodied in or enabled by digital technologies
Firm's strategy
represents the manner in which other organization intends to achieve its objectives.
Cloud Computing
The use of the Internet as a gateway for pooling IT resources. In other words, applications or
computational or storage components—the building blocks of IT solutions, if you will—are
offered online by a provider.
Supply chain
The set of upstream firms that produces and sells the resources that an organization needs to
perform its transformation process (e.g., raw materials, energy, equipment).
External Environment
The world outside the firm that creates influences, such as regulation, the competitive
landscape, and general business and social trends (e.g., outsourcing, customer self-service).
Information Systems (IS)
, A formal, sociotechnical, organizational system designed to collect, process, store, and
distribute information.
information technology (IT)
Hardware, software, and telecommunication equipment.
IT infrastructure
The set of shared IT resources and services of the firm, forming a firm's technological backbone,
that constrains and enables opportunities for future information systems implementations.
Systemic Effects
The notion that the different components of a system are interdependent and that change in
one component affects all other components of the system.
Big Data
increasing volume, velocity, and variety of today's data, requiring organizations to use new
technology and a new management paradigm.
Business Integration
The unification or creation of tight linkages among the diverse but connected business activities
carried out by individuals, groups, and departments within an organization.
Business Intelligence (BI)
The ability to gather and make sense of information about your business. It encompasses the
set of techniques, processes, and technologies designed to enable managers to gain superior
insight into and understanding of their business and thus make better decisions.
Business Intelligence Infrastructure
The set of applications and technologies designed to create, manage, and analyze large
repositories of data in an effort to extract value from them.
Business Process
The series of steps that a firm performs in order to complete an economic activity.
Business Process Reengineering (BPR)
A managerial approach calling for a process view of organizational activities. The BPR
methodology calls for internal business integration and seeks dramatic performance
improvements through rationalization of activities and the elimination of duplication of efforts
across separate functions and units.
Transformation, IS & Business Strategy|Verified
Rationales Graded A+ Latest Updated 2026
Digitalization
process of digitizing/converting signals from analog into the digital form.
Digital Transformation
application and exploitation of digital technology to radically rethink organizational business and
operational models. Digital transformation is underpinned by the redesign of existing
organizational IS.
Digital Innovation
the application of digital technologies by existing organization to create new and improved
products, processes, or services.
Digital Entrepreneurship
the creation of new economic activities embodied in or enabled by digital technologies
Firm's strategy
represents the manner in which other organization intends to achieve its objectives.
Cloud Computing
The use of the Internet as a gateway for pooling IT resources. In other words, applications or
computational or storage components—the building blocks of IT solutions, if you will—are
offered online by a provider.
Supply chain
The set of upstream firms that produces and sells the resources that an organization needs to
perform its transformation process (e.g., raw materials, energy, equipment).
External Environment
The world outside the firm that creates influences, such as regulation, the competitive
landscape, and general business and social trends (e.g., outsourcing, customer self-service).
Information Systems (IS)
, A formal, sociotechnical, organizational system designed to collect, process, store, and
distribute information.
information technology (IT)
Hardware, software, and telecommunication equipment.
IT infrastructure
The set of shared IT resources and services of the firm, forming a firm's technological backbone,
that constrains and enables opportunities for future information systems implementations.
Systemic Effects
The notion that the different components of a system are interdependent and that change in
one component affects all other components of the system.
Big Data
increasing volume, velocity, and variety of today's data, requiring organizations to use new
technology and a new management paradigm.
Business Integration
The unification or creation of tight linkages among the diverse but connected business activities
carried out by individuals, groups, and departments within an organization.
Business Intelligence (BI)
The ability to gather and make sense of information about your business. It encompasses the
set of techniques, processes, and technologies designed to enable managers to gain superior
insight into and understanding of their business and thus make better decisions.
Business Intelligence Infrastructure
The set of applications and technologies designed to create, manage, and analyze large
repositories of data in an effort to extract value from them.
Business Process
The series of steps that a firm performs in order to complete an economic activity.
Business Process Reengineering (BPR)
A managerial approach calling for a process view of organizational activities. The BPR
methodology calls for internal business integration and seeks dramatic performance
improvements through rationalization of activities and the elimination of duplication of efforts
across separate functions and units.
