Definitions: Term Definition Adaptive enterprise An organization that can respond properly and in a timely manner to changes in the business environment Business model A method by which a company generates revenue to sustain itself Computer-based information system (CBIS) Information system that includes a computer for some or all of its operation Critical response activities The major activities used by organizations to counter business pressures Digital economy Another name for today’s Web based or Internet economy Digital enterprise A new business model that uses IT in a fundamental way to accomplish one or more of three basic objectives: reach and engage customers more effectively, boost employee productivity and improve operating efficiency. It uses converged communication and computing technology in a way that improves business processes Ethics A branch of philosophy that deals with what is considered to be right or wrong Information system (IS) A physical process that supports an organization by collecting, processing, storing and analyzing data and disseminating information to achieve organizational goals Information technology (IT) The technology component of an information system ( a narrow definition); or the collection of the computing systems in an organization( the broad definition used in this book) Networked computing A corporate information infrastructure that provides the necessary networks for distributed computing. Users can easily contact each other or databases and communicate with external entities Real time system An information system that provides real time access to information or data
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