Feedback is information that returns to its original transmitter and modifies

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What is information that returns to its original transmitter and modifies the transmitter's actions?
What would the original transmitter include?
Who are individuals valued for their ability to interpret and analyze information?

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Term	Definition
fact	the confirmation or validation of an event or object
Information Age	The present time, during which infinite quantities of facts are widely available to anyone who can use a computer.
IoT	(Internet of Things) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention
M2M	(Machine to Machine) Devices that connect directly to other devices
Data	Raw facts that describe the characteristics of an event or object
Structured Data	Data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address
Machine-generated Data	Data created by a machine without human intervention
Human-generated Data	Data that humans, in interaction with computers, generate.
Unstructured Data	Data that is not defined and does not follow a specified format and is typically free-form text such as emails, twitter tweets, and text messages
Big Data	A collection of large, complex data sets, including structured and unstructured data, which cannot be analyzed using traditional database methods and tools.
Snapshot	A view of data at a particular moment in time.
Information	Data converted into a meaningful and useful context
Report	A document containing data organized in a table, matrix, or graphical format allowing users to easily comprehend and understand information.
Static Report	A report created once based on data that does not change.
Dynamic Report	A report that changes automatically during creation.
Variable	A data characteristic that stands for a value that changes or varies over time.
BI	(Business Intelligence) Information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyze patterns, trends, and relationships for strategic decision making.
Analytics	The science of fact-based decision making.
Predictive Analytics	Extracts information from data and uses it to predict future trends and identify behavioral patterns
Behavioral Analytics	Uses data about people's behaviors to understand intent and predict future actions
Knowledge	Skills, experience, and expertise coupled with information and intelligence that creates a person's intellectual resources.
Knowledge Worker	Individuals valued for their ability to interpret and analyze information.
Accounting	Records, measures, and reports monetary transactions
Finance	Deals with strategic financial issues including money, banking, credit, investments, and assets
Human Resources	Maintains policies, plans, and procedures for the effective management of employees
Marketing	Supports sales by planning, pricing, and promoting goods or services.
Operations Management	Manages the process of converting or transforming of resources into goods or services
Sales	Performs the function of selling goods or services
System	A collection of parts that link to achieve a common purpose
Goods	Material items or products that customers will buy to satisfy a want or need. (Clothing, groceries, cell phones, cars)
Service	Tasks that customers will buy to satisfy a want or need.
Productivity	The rate at which goods/services are produced based upon total output given total inputs.
Production	The process where a business takes raw materials and processes them or converts them into a finished product for its goods or services.
Systems Thinking	A way of monitoring the entire system by viewing multiple inputs being processed or transformed to produce outputs while continuously gathering feedback on each part.
Feedback	Information that returns to its original transmitter (input, transform, or output) and modifies the transmitter's actions.
MIS	(Management Information Systems) A business function, like accounting and human resources, which moves information about people, products, and processes across the company to facilitate decision making and problem solving.
CIO	(Chief Information Officer) Responsible for (1) overseeing all uses of MIS and (2) ensuring that MIS strategically aligns with business goals/objectives.
CDO	(Chief Data Officer) Responsible for determining the types of information the enterprise will capture, retain, analyze, and share.
CTO	(Chief Technology Officer) Responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organization's information technology (IT).
CSO	(Chief Security Officer) Responsible for ensuring the security of MIS systems and developing strategies and MIS safeguards against attacks from hackers/viruses.
CPO	(Chief Privacy Officer) Responsible for ensuring the ethical and legal use of information within a company.
CKO	(Chief Knowledge Officer) Responsible for collecting, maintaining, and distributing company knowledge.
CIPO	(Chief Intellectual Property Officer) Manage and defend intellectual property, copyrights, and patents.
CAO	(Chief Automation Officer) Determines if a person or business process can be replaced by a robot or software.
CUEO	(Chief User Experience Officer) Create the optimal relationship b/t user and technology.
MIS Skills Gap	The difference b/t existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies.
Business Strategy	A leadership plan that achieves a specific set of goals or objectives such as increasing sales, decreasing costs, entering new markets, or developing new products or services.
Stakeholder	A person or group that has an interest or concern in an organization.
Competitive Advantage	A feature of a product or service on which customers place a greater value than on similar offerings from competitors.
First-Mover Advantage	An advantage that occurs when a company can significantly increase its market share by being first to market with a competitive advantage.
Competitive Intelligence	The process of gathering information about the competitive environment, including competitors' plans, activities, and products, to improve a company's ability to succeed.
SWOT Analysis	Evaluates an organization's strengths, weaknesses, opportunities, and threats to identify significant influences that work for or against business strategies.
Porter's Five Forces Model	A model for analyzing the competitive forces win the environment in which a company operates, to assess the potential for profitability in an industry.
Buyer Power	The ability of buyers to affect the price they must pay for an item.
Switching Costs	Costs that make customers reluctant to switch to another product or service
Loyalty Program	A program to reward customers based on spending
Supply Chain	All parties involved, directly or indirectly, in obtaining raw materials or product
Supplier Power	One of Porter's five forces; measures the suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services)
Threat of Substitute Products or Services	One of Porter's five forces, high when there are many alternatives to a product or service and low when there are few alternatives from which to choose
Threat of New Entrants	One of Porter's five forces, high when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market
Entry Barrier	A feature of a product or service that customers have come to expect and entering competitors must offer the same for survival
Rivalry Among Existing Competitors	One of Porters five forces; high when competition is fierce in a market and low when competitors are more complacent
Product Differentitation	An advantage that occurs when a company develops unique differences in its products with the intent to influence demand
Porter's Three Generic Strategies	Generic business strategies that are neither organization nor industry specific and can be applied to any business, product, or service
Business Process	Standardized set of activities that accomplish a specific task.
Value Chain Analysis	Views a firm as a series of business processes that each add value to the product or service.
Primary Value Activities	found at the bottom of the value chain, these include business processes that acquire raw materials and manufacture, deliver, market, sell, and provide after-sales services.
Support Value Activities	Found along the top of the value chain and includes business processes, such as firm infrastructure, human resource management, technology development, and procurement, that support the primary value activities.

What is information that returns to its original transmitter and modifies the transmitter's actions?

Feedback is information that returns to its original transmitter and modifies the transmitter's actions. What would the original transmitter include? Input, transform, output.

What would the original transmitter include?

What would the original transmitter include? Input, Transform, Output.

Who are individuals valued for their ability to interpret and analyze information?

Knowledge workers are individuals valued for their ability to interpret and analyze information.

Feedback is information that returns to its original transmitter and modifies

What is information that returns to its original transmitter and modifies the transmitter's actions?

What would the original transmitter include?

Who are individuals valued for their ability to interpret and analyze information?

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