Chapter 2: Business Strategy - Role of Information Systems in Today's Business

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Match the industry with the impact of the Internet:

Printed encyclopedia industry = Nearly decimated by availability of substitutes over the Internet Travel agency industry = Nearly decimated by availability of substitutes over the Internet Retail industry = Significant impact from the Internet Music industry = Significant impact from the Internet

Match the company with its presence in new markets:

Amazon = Created entirely new markets eBay = Created entirely new markets YouTube = Created entirely new markets Facebook = Created entirely new markets

Match the technology company with its impact on industries:

Amazon = Significant impact on the retail industry eBay = Significant impact on the retail industry Travelocity = Significant impact on the travel agency industry Google = Significant impact on the newspaper industry

Match the concept with its effect on competitive advantage:

Internet technology based on universal standards = Makes it easy for rivals to compete on price alone Availability of information to everyone on the web = Raises bargaining power of customers Creation of new products, services, and business models = Resulted in thousands of new opportunities Building brands with large and loyal customer bases = Provided by the Internet Signup and view all the answers

Match the following IT contribution with the strategic business objective it supports:

IT automates tasks, streamlines processes, and improves data accuracy = Operational Excellence IT connects employees across locations, facilitates knowledge sharing, and improves teamwork = Operational Excellence IT enables real-time tracking of inventory, optimizes transportation routes, and facilitates collaboration with suppliers = Operational Excellence IT helps businesses gather data on customer preferences, identify market trends, and develop innovative products and services aligned with market needs = New Products, Services, and Business Models Signup and view all the answers

Match the following IT contribution with its impact on business operations:

Enhanced communication and collaboration through IT tools = Faster operations and reduced costs Improved logistics and supply chain management through IT systems = Optimizes transportation routes Market research and customer insights gathered by IT = Develop innovative products aligned with market needs IT tools support computer-aided design (CAD), simulation, and prototyping = Accelerating product development and reducing costs Signup and view all the answers

Match the following IT tools with their application in business:

Computer-aided design (CAD) = Product design and development Simulation software supported by IT = Product development acceleration Prototyping tools facilitated by IT = Cost reduction in product development E-commerce platforms enabled by IT = Online sales and digital delivery Signup and view all the answers

Match the following terms with their descriptions:

Internet of Things (IoT) = Growing use of sensors in products for data collection Smart Products = Products integrated with information-intensive services Field Radar and GPS Transceivers = Equipment used in farm tractors for tracking Business Value Chain Model = Model helpful in identifying competitive forces and strategies Signup and view all the answers

Match the following companies with their investments in technology:

Under Armour = Invested in wearable health trackers John Deere, Kubota, Mahindra = Equipped farm tractors with sensors and GPS Technology Companies = Developing smart products and IoT devices Firms in Various Industries = Changing business practices due to Internet transformation Signup and view all the answers

Match the following business strategies with the corresponding IT support:

Real-time tracking of inventory through IT systems = Optimizing supply chain management Online sales and digital product delivery facilitated by IT = New business models like subscription services or online marketplaces IT's role in market research for customer insights = Innovative products aligned with market needs Enhanced communication and collaboration enabled by IT tools = Improved teamwork Signup and view all the answers

Match the following benefits with smart products:

New Functionality = Enhanced features and capabilities Greater Reliability = Increased trustworthiness Detailed Information = Data used for product improvement and customer experience Product Differentiation = Expanding opportunities for unique products and services Signup and view all the answers

Match the following concepts with their implications on industries:

Internet Transformation = Forcing firms to change business practices Competition within Industries = Result of Internet changing dynamics New Products and Services = Created by the integration of sensors and data analysis Customer Experience Improvement = Utilizing detailed information from smart products Signup and view all the answers

Match the benefits of Walmart's continuous replenishment system with their outcomes:

Reduced need for maintaining large inventories = Saves money and warehouse space for Walmart Adjust purchases to meet customer demands = Ensures store items are in line with what customers want Lightning speed replenishment = Eliminates the need for excessive inventory holding Access to sales and inventory data = Helps suppliers collaborate effectively with Walmart Signup and view all the answers

Match the components of Walmart's continuous replenishment system with their functions:

Point-of-sale terminals = Record the bar code of each item passing the checkout counter Central computer at Walmart headquarters = Collects orders from all Walmart stores and transmits them to suppliers Web technology = Allows suppliers to access Walmart’s sales and inventory data Suppliers = Receive orders for new merchandise directly as consumers pay at the cash register Signup and view all the answers

Match the generic strategies with their descriptions:

Low-cost leadership = Achieving the lowest operational costs and prices Product differentiation = Distinguishing products from competitors in the market Focus on market niche = Concentrating on a specific segment of the market Strengthening customer and supplier intimacy = Building strong relationships with customers and suppliers Signup and view all the answers

Match the MIS component with its description:

Inputs = Data gathered from various sources Transformation = Processing and analyzing data Outputs = Generated reports and insights Feedback = Allows for continuous improvement mechanisms Signup and view all the answers

Match the MIS example with its corresponding input:

Inventory Management = Sales data, supplier information, stock levels Sales Forecasting = Customer demographics, historical sales data Supply Chain Optimization = Supplier performance, production costs Financial Analysis = Income statements, balance sheets Signup and view all the answers

Match the MIS role with its responsibility:

Chief Information Officer (CIO) = Oversees all uses of IT, ensures strategic alignment with business goals Chief Knowledge Officer (CKO) = Responsible for collecting, maintaining, and distributing organization's knowledge Network Administrator = Manages hardware, software, networks, and data centers Data Analyst = Analyzes data to provide insights for decision-making Signup and view all the answers

Match the feedback mechanism with its purpose in MIS:

Sales Trends Tracking = Allows adjustments to ordering plans based on customer demand Customer Feedback Surveys = Improves product quality and service offerings Employee Suggestions Program = Enhances organizational processes and efficiency Market Research Analysis = Guides strategic decision-making for market expansion Signup and view all the answers