Chapter 1 & 2 Flashcards
(37 cards)
The IS strategy drives the business strategy.
False
A social business strategy is designed to use social IT tools for all of the following EXCEPT:
Collaborating with stakeholders
Building deeper connections with stakeholders
Innovating with stakeholders
Excluding stakeholders
Networking with employees, customer and/or suppliers
Excluding stakeholders
There has been accelerated competition among market leaders concurrent with the increases in the quality and quantity of IT investments.
True
Which one of the following is NOT part of the information systems strategy matrix?
Personnel
When an organization qualifies its product or service in a way that allows it to appear unique in the marketplace, this is called:
Differentiation
The “Managerial Levers” concept is useful for the following reasons:
Management should not make a change unless they align multiple issues, such as tasks, measures, values, incentives, etc.
By using IS to achieve economies of scale and generate operating efficiencies, Walmart epitomizes which one of Porter’s generic strategies?
Cost leadership
To avoid unwanted consequences, altering the IT Strategy requires adjustments to the organizational strategy.
True
A bank provides its customers mobile applications that significantly simplify traditional banking activities. For example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. This unique service demonstrates the bank’s desire to practice which one of Porter’s strategies?
Differentiation
General managers should take an active role in decisions about information systems. This is vital because:
Information systems are designed to support business objectives.
Significant changes in IS should trigger a reassessment of the _____________.
business strategy
Organizations seek to gain a competitive advantage by differentiation, cost, or _________.
focus
A general manager should:
Understand the use and consequences of technologies relevant to the business
When a company’s business strategy and technology strategy are intertwined, this situation is known as _______.
convergence
Hypercompetition refers to where a firm obtains more than 5 strong competitors.
False
Which is not a question that can be used to understand organizational design?
Where is the organization’s headquarters located?
Google has disrupted a number of industries, particularly the advertising and software industries. Google’s ability to quickly and aggressively provide new products and services is best described by:
The Hypercompetition Model
The organizational strategy should ideally _____ the IS strategy.
complement
This framework is called the ____________________ because it relates business strategy with IS strategy and organizational strategy.
Information Systems Strategy Triangle
The ____________ is a plan articulating where a business seeks to go and how it expects to get there.
business strategy
There has been accelerated competition among market leaders concurrent with the increases in the quality and quantity of IT investments.
True
Business strategies based on hypercompetition focus on customer satisfaction and profit maximization but also build in a component of business intelligence. Business intelligence helps an agile organization to:
Predict and respond to new opportunities
All of the following benefit from the network effect EXCEPT:
Network bandwidth
Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after having been listed for 74 years. Kodak failed to use IT to fend off which one of the following of Porter’s 5 competitive forces?
a) Bargaining power of suppliers
b) Threat of substitute products
c) Potential threat of new entrants
d) Bargaining power of buyers
e) Industry collaboration
Threat of substitute products
