Chapter 1: Management Information Systems: High Intellectual Accomplishment.

Business Model describes how a company produces, delivers, and sells a product or service to create wealth. Business Processes refer to the set of logically related tasks and behaviors that organizations develop over time to produce specific business results and the unique manner in which these activities are organized and coordinated. Complementary assets are those assets required to derive value from a primary investment. Computer Hardware the physical equipment used for input, processing, and output activities in an information system computer literacy The ability to use computers for basic tasks, such as developing documents, sending emails and searching the internet for information. computer software consists of the detailed, preprogrammed instructions that control and coordinate the computer hardware components in an information system Culture fundamental set of assumptions, values, and ways of doing things Data Facts and statistics collected together for reference or analysis Data Management Technology consists of the software governing the organization of data on physical storage media Data workers