nformation Systems, Organizations, and Strategy

Question 1

What is an Organization

Answer 1

A stable, formal social structure that takes resources from the environment
and processes them to produce outputs
* A formal legal entity with internal rules and procedures, as well as a social
structure

*The organization or business firm is rather easily changed, and malleable.

Question 2

What is an Organization Behavioural Veiw

Answer 2

A collection of rights, privileges,
obligations, and responsibilities that
is delicately balanced over a period
of time through conflict and conflict
resolution.

• The business firm is a little more
  difficult to change rapidly or on-
  command

Question 3

Features of Organizations

Answer 3

Routines
* Precise rules, procedures, and practices
developed to cope with virtually all
expected situations
* Business processes
* Collections of routines
* Business firm
* Collection of business processes

*New information system applications require that
individual routines and business processes change to
achieve high levels of organizational performance.

Question 4

Organizational politics

Answer 4

Divergent viewpoints lead to political struggle, competition, and
conflict.
* Political resistance against organizational change.

Question 5

Organizational Culture

Answer 5

the pattern of shared values, beliefs and
assumptions considered to be the appropriate
way to think and act within an organization

Question 6

Organizational Enviornment.

Answer 6

Organizations and the environment have a mutual relationship, where organizations are impacted by and rely on the social and physical environment. However, the environment tends to change more rapidly than organizations. Information systems can be used to monitor and adapt to changes in the environment through a process called environmental scanning.

Question 7

Disruptive Technologies

Answer 7

Technology that brings sweeping change to businesses,
industries, markets.
* Substitute products that perform as well as or better thanexisting product. Some examples include, internent, blockchain, ai etc.

Question 8

Transaction cost theory

Answer 8

is an economic theory that explains the costs associated with making an economic transaction. These costs can include search and information costs, bargaining and negotiation costs, and policing and enforcement costs. An example of transaction costs in action would be the costs associated with buying a house. These costs may include the cost of finding a real estate agent, the cost of obtaining a mortgage, and the legal fees associated with closing on the house.

Question 9

Agency Theory

Answer 9

Firm is nexus of contracts among self-interested parties requiring
supervision
* Firms experience agency costs (the cost of managing and
supervising) which rise as firm grows
* IT can reduce agency costs, making it possible for firms to grow
without adding to the costs of supervising, and without adding
employees