29 Questions
What is the main focus of a Social Business Strategy?
Incorporating social and collaborative capabilities throughout the business model
What is the primary objective of Collaboration in Social Business Strategies?
Extend the reach of stakeholders to share ideas and information
How does Engagement contribute to Social Business Strategies?
By involving stakeholders in the traditional business of the enterprise
What distinguishes a Social Business Strategy from other business strategies?
Focus on incorporating social and collaborative capabilities throughout the business model
Why are social networks considered important in the context of Social Business Strategies?
To enable individuals to find and connect with each other to share ideas, information, and expertise
What are the three components that business strategy is a function of?
Competition, Positioning, Capabilities
Which of the following is NOT part of the IS infrastructure components?
People
What is the purpose of the matrix in relation to the IS infrastructure components?
To give a manager a high-level view of the relation between IS infrastructure components and other resource considerations
Which term identifies the crucial components of an organization's plan as information/control, people, structure, and tasks?
Business diamond
What does Collaboration involve in terms of using social IT?
Extending the reach of stakeholders
Which of the following is NOT part of IS infrastructure components?
Structure
What strategy does an organization employ when it aims to be the lowest cost producer in the marketplace?
Cost leadership strategy
Which strategy allows an organization to limit its scope to a narrower segment of the market?
Focus strategy
What framework relates business strategy with IS strategy and organizational strategy?
Information Systems Strategy Triangle
What does hypercompetition refer to?
The speed and aggressiveness of moves and countermoves in a market
What does engagement involve in the context of IS strategy?
Using social IT to involve stakeholders in the traditional business of the enterprise
What is the purpose of mission in an organization?
Describes what the firm is all about and unifies efforts
Which characteristic of hypercompetition models is NOT mentioned?
Fits stable environments
The text discusses how changes in business strategy should entail reassessments of _____?
Information systems
Which of the following is NOT a key idea of Porter's generic strategies?
Diversification
The text states that the Information Systems Strategy Triangle shows the proper balance of which three strategies?
Business, IT, and organizational
Which of the following is a key idea of dynamic environment strategies?
Speed, agility, and aggressive moves and countermoves
The text states that information systems are critical to achieving the speed needed for which strategic approach?
Dynamic environment strategies
What is a business strategy?
A plan that outlines where a business wants to go and how it plans to get there
According to Porter's model, what is the primary goal of a cost leadership strategy?
To become the lowest-cost producer in the marketplace
What is the primary characteristic of a differentiation strategy according to Porter's model?
Qualifying products or services in a way that makes them appear unique
Which of the following is NOT one of the two variants of a focus strategy as described by Porter?
Market expansion focus
What is the primary difference between Porter's competitive advantage model and the hypercompetition model?
The hypercompetition model focuses on rapidly creating and eroding advantages, while Porter's model emphasizes sustaining advantages
Which of the following statements best describes the focus strategy as outlined by Porter?
It involves limiting the scope of the business to a narrower segment of the market and tailoring offerings to that group
Explore hypercompetition models, strategic advantage models, and the relationship between business strategy and IS decision making. Understand the importance of dynamic structures and processes in turbulent environments.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
