Podcast
Questions and Answers
What is a digital firm?
What is a digital firm?
- A firm that only communicates with customers via letters
- A firm that operates exclusively through physical stores
- A firm where significant business relationships are digitally enabled (correct)
- A firm that relies on traditional business processes
How do changes in a firm's strategy impact its information systems?
How do changes in a firm's strategy impact its information systems?
- No impact at all
- Information systems remain static regardless of strategy changes
- Changes in strategy require changes in various components of an information system (correct)
- Changes in strategy reduce the need for information systems
What is the relationship between an organization's future actions and its systems?
What is the relationship between an organization's future actions and its systems?
- Systems do not influence future actions
- Future actions are completely independent of systems
- The organization's future actions depend on what its systems will permit (correct)
- Systems determine future actions regardless of organizational goals
Why are changes in an organization's rules important for information systems?
Why are changes in an organization's rules important for information systems?
What characterizes a digital firm's core business processes?
What characterizes a digital firm's core business processes?
How does a digital firm differ from traditional firms?
How does a digital firm differ from traditional firms?
What is one of the six strategic objectives firms attempt to achieve when developing information systems?
What is one of the six strategic objectives firms attempt to achieve when developing information systems?
Which company is mentioned as an example for new goods and business models enabled by information systems?
Which company is mentioned as an example for new goods and business models enabled by information systems?
What does operational excellence aim to achieve through the use of information systems?
What does operational excellence aim to achieve through the use of information systems?
How does Walmart's Retail Link system utilize information systems for operational excellence?
How does Walmart's Retail Link system utilize information systems for operational excellence?
What role do information systems play in achieving customer and supplier intimacy according to the text?
What role do information systems play in achieving customer and supplier intimacy according to the text?
Which of the following is NOT listed as one of the six strategic business objectives when developing information systems?
Which of the following is NOT listed as one of the six strategic business objectives when developing information systems?
How do high-end hotels benefit from using computers to track customer preferences?
How do high-end hotels benefit from using computers to track customer preferences?
What are the consequences of managers making decisions without accurate information?
What are the consequences of managers making decisions without accurate information?
How do competitive advantages benefit firms according to the text?
How do competitive advantages benefit firms according to the text?
What is considered a necessity for businesses according to the text?
What is considered a necessity for businesses according to the text?
What industry-level change example is provided in the text?
What industry-level change example is provided in the text?
What is the purpose of data according to the text?
What is the purpose of data according to the text?
What are the four activities that information systems perform to produce meaningful information?
What are the four activities that information systems perform to produce meaningful information?
Which activity of the information system involves converting raw data into a meaningful form?
Which activity of the information system involves converting raw data into a meaningful form?
What does the feedback activity of an information system involve?
What does the feedback activity of an information system involve?
Which basic activities produce the information organizations need?
Which basic activities produce the information organizations need?
What can be achieved by processing raw supermarket checkout data into meaningful information?
What can be achieved by processing raw supermarket checkout data into meaningful information?
Why is it important for information systems to have a feedback mechanism?
Why is it important for information systems to have a feedback mechanism?
Why does Disney World use information systems according to the text?
Why does Disney World use information systems according to the text?
What is mentioned as one of the components Disney uses to monitor attendance and registers?
What is mentioned as one of the components Disney uses to monitor attendance and registers?
How do long lines impact Disney's profit according to the text?
How do long lines impact Disney's profit according to the text?
What role do digital maps and mobile apps play in Disney's approach to tackling long lines?
What role do digital maps and mobile apps play in Disney's approach to tackling long lines?
Which of the following is NOT mentioned as a tool Disney employs to manage crowd flow?
Which of the following is NOT mentioned as a tool Disney employs to manage crowd flow?
