DTS - Week 3 (MC & Case)

Question 1 - Primary Benefit of Blockchain Integration

• Enhanced transparency and real-time decision-making is the primary benefit of integrating blockchain technology into FreshMart's supply chain.

Question 2 - Trade-Offs of Competitor Involvement in Blockchain

• A significant trade-off when involving competitors in a blockchain network for FreshMart is the risk of weak network ties, difficulty in achieving data standardization, potential for data misuse and collusion threats, and reduced ability to enforce relational norms.

Question 3 - Factors Influencing Offensive Strategy

• High competition in the grocery retail market is the factor most likely to push FreshMart toward an offensive data strategy.

Question 4 - Governance Failure in SSOT and MVOT Implementation

• Over-reliance on centralized control for data access and ambiguity in data definitions between departments could lead to operational inefficiencies in FreshMart when implementing SSOTs and MVOTs.

Question 5 - Effective Use of Blockchain in Offensive Strategy

• Automating compliance checks for regulatory reporting is the most effective use of blockchain in FreshMart's offensive strategy.

Question 6 - Decentralized Data Management System Outcomes

• A decentralized data management system would likely result in reduced duplication of efforts across departments and greater agility in adapting data to specific business needs.

Question 7 - Key Risk of Poorly Governed MVOTs

• A key risk if MVOTs are poorly governed is inconsistencies with the Single Source of Truth (SSOT).

Question 8 - Effective Governance Mechanism for Relational Norms

• Enforcing contracts through centralized management is an effective governance mechanism for maintaining relational norms in a blockchain-based supply chain.

Question 9 - Governance Practices for SSOT Accuracy

• Conducting regular audits and implementing feedback loops is the most effective governance practice to ensure the accuracy of Single Source of Truth data.

Question 10 - Feedback Loops in Data Governance

• Feedback loops in FreshMart's data governance system primarily improve the accuracy and reliability of MVOTs.

Question 11 - Implementation of Data Visibility Mechanism

• FreshMart should implement role-based access control to address supplier concerns about data visibility when using blockchain technology for supply chain tracking.

Question 12 - Balancing Marketing and Legal Goals

• The best approach to balance conflicting goals of marketing insights and regulatory compliance (like GDPR) is to prioritize data anonymization when analyzing customer purchasing patterns to optimize product placement and promotions.

Question 13 - Cause of Inconsistency Between SSOT and MVOTs

• The likely cause of the inconsistency between the marketing department's MVOTs and the sales team's revenue data is that the Single Source of Truth (SSOT) data is not accurate or standardized.

Question 14 - Mitigating Risks Associated with Sharing Supply Chain Data with Competitors

• Sharing data openly to foster trust among competitors is the best way to mitigate the risk of sharing sensitive supply chain data with competitors.

Question 15 - Preventing Duplicate Records in Decentralized System

• Centralizing the data management system to eliminate duplication is the solution to prevent duplicate records in FreshMart's decentralized data system.

This quiz examines the integration of blockchain technology in FreshMart's supply chain, exploring its benefits, trade-offs, and factors influencing strategy. You'll delve into governance issues and competitive strategies essential for success in the grocery retail market.