Digital and employees are digitally enabled, and

Digital firm- organization where nearly all significant business processes and relationships with customers, suppliers, and employees are digitally enabled, and key corporate assets are managed through digital means.Business processes- the unique ways in which organizations coordinate and organize work activities, informations, and knowledge to produce a product or serviceInformation system- interrelated components working together to collect, process, store, and disseminate information to support decision making, coordination, control, analysis, and visualization in an organizationData- streams of raw facts representing events occurring in organizations or the physical envionment before they have been organized and arranged into a form that people can understand and useInput- the capture or collection of raw data from within the organization or from its external environment for processing in an information systemProcessing- the conversion, manipulation, and analysis of raw input into a form that is more meaningful to humansOuput-the distribution of processed information to the people who will use it or to the activities for which it will be used.Feedback- output that is returened to the appropriate members of the organization to help them evaluate or correct input.Computer based information systems (CBIS)- information systems that rely on computer hardware and software for processing and disseminating informationFormal system- sstem resting on accepted and fixed definitions of data and procedures, operating with predefined rulesInformation systems literacy- broad-based understanding of information systems that includes behavioral knowledge about organizations and individuals using information systems as well as technical knowledge about computersComputer literacy- knowledge about information technology, focusing on understanding how computer-based technologies work.Business functions- specialized tasks performed in a business organization including manufacturing and production, sales and marketing, finance, accounting and human resourcesStandard operating procedures- formal rules for accomplishing tasks that have been developed to cope with expected situationsKnowledge workers- People such as engineers or architects who design products or services and create knowledge for the organizationData workers- People such as secretaries or bookkeepers who process the organizations paperworkProduction or service workers- People who actually produce the products or services of the organizationSenior managers- People occupying the topmost hierarchy in an organization who are responsible for making long range decisionsMiddle managers- people in the middle of the organizational hierarchy who are responsible for carrying out the plans and goals of senior managementOperational managers- people who monitor the day-to-day activities of the organizationNetwork- linking of two or more computers to share data or resources, such as a printerInformation technology infrastructure- computer hardware, software, data and storage technology, and networks providing a portfolio of shared information technology resoursces for the organizationManagement information systems(MIS)- the study of information systems focusing on their use in business and management.Mass customization- the capacity to offer individually tailored products or services on a large scaleInteroganizational systems- information systems that automate the flow of information across organizational boundaries and link a company to its customers, distributors, or suppliersElectronic market- a marketplace that is created by computer and communication technologies that link many buyers and sellersExtranet- Private intranet that is accessible to authorized outsidersElectronis business- the use of internet and other digital technology for organizational communicatin and coordination and the management of the firmElectronic commerce- the process of.

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