Management Information Systems and Knowledge Management

Take Home Assignment 1.

Due May 7th, 2011

1. Define “Information”. What are the characteristics of good or useful information? Can data for one
person/phase be information for another? How?
2. Why is Information System important?
3. What are the 4 levels of application of Information Systems in a firm?
4. How does Management Information system add value to a firm?
5. What does the term 'competitive advantage' mean?
6. Describe Porter’s 5 forces model.
7. List the strategies that a firm can adopt to overcome competition.
8. Explain briefly the value chain model.
9. Does IT help sustain competitive advantage?
10. What is the definition of a 'digital firm'?
11. What are the different components of an MIS?
12. Describe Decision Support Systems (DSSs). What are their major components?
13. Distinguish between MIS and DSS.
14. Why should users be involved in the software development process?
15. Outline the various phases of SDLC. Briefly explain each. List deliverables, if any, in each phase.
16. List the different System building approaches (also called ‘Alternative Development Frameworks’).
Explain each briefly, highlighting the key points.
17. What is Self-sourcing or End-user computing?
18. Explain BPR.
19. What is the Role of IT in BPR?
20. What are the risks of BPR?