Language:
English
Subject area: economy and administration
Qualification: MSc
Kind of studies: full-time studies, part-time studies
Business
Business is the activity of making one's living or making money by producing or buying and selling goods or services. Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors." The term is also often used colloquially (but not by lawyers or public officials) to refer to a company, but this article will not deal with that sense of the word.
Information
Information is any entity or form that provides the answer to a question of some kind or resolves uncertainty. It is thus related to data and knowledge, as data represents values attributed to parameters, and knowledge signifies understanding of real things or abstract concepts. As it regards data, the information's existence is not necessarily coupled to an observer (it exists beyond an event horizon, for example), while in the case of knowledge, the information requires a cognitive observer.
Information Technology
Information technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data, or information, often in the context of a business or other enterprise. IT is considered to be a subset of information and communications technology (ICT).
Management
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.
Technology
Technology ("science of craft", from Greek τέχνη, techne, "art, skill, cunning of hand"; and -λογία, -logia) is first robustly defined by Jacob Bigelow in 1829 as: "...principles, processes, and nomenclatures of the more conspicuous arts, particularly those which involve applications of science, and which may be considered useful, by promoting the benefit of society, together with the emolument [compensation ] of those who pursue them" .
Management
It is better to first get the right people on the bus, the wrong people off the bus, and the right people in the right seats, and then figure out where to drive.
Jim C. Collins (2001). Good to Great: Why Some Companies Make the Leap...and Others Don't p. 41.
Management
The brutality of a man purely motivated by monetary considerations … often does not appear to him at all as a moral delinquency, since he is aware only of a rigorously logical behavior, which draws the objective consequences of the situation.
Georg Simmel, “Domination,” On Individuality and Social Forms (1971), p. 110
Information Technology
The objective of Computer-Integrated Manufacturing (CIM) is the appropriate integration of enterprise operations by means of efficient information exchange within the enterprise with the help of Information Technology (IT). Integration includes the physical and logical connection of processes by means of data communications technology operating to specified standards, but also the integration of enterprise functions as welt as enterprise information. Generalized models and an open systems architecture are required to reduce the system complexity to a manageable level. They are used to identify the principal components, processes, constraints and information sources used to describe a manufacturing enterprise progressing towards CIM. In this paper, the basic concepts of an open-systems architecture for CIM called CIM-OSA are presented. The function view of the CIM-OSA modelling framework is discussed. CIM-OSA provides a unique set of advanced features to model functionality and behaviour of CIM systems at three distinct levels (requirements definition, design specification and implementation description).
François Vernadat & H. Jorysz (1990). "CIM-OSA Part I: Total Enterprise Modelling and Function View", In: Int. J. Computer Integrated Manufacturing, 3(3), p. 144-156. Abstract.
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