Information Systems Strategy Models
29 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main focus of a Social Business Strategy?

  • Developing new products
  • Reducing operational costs
  • Incorporating social and collaborative capabilities throughout the business model (correct)
  • Maximizing profits

    • What is the primary objective of Collaboration in Social Business Strategies?

  • Improve customer retention
  • Extend the reach of stakeholders to share ideas and information (correct)
  • Decrease innovation within the business
  • Increase employee turnover

    • How does Engagement contribute to Social Business Strategies?

  • By ignoring the role of social IT in business
  • By involving stakeholders in the traditional business of the enterprise (correct)
  • By minimizing interactions with customers
  • By isolating stakeholders from business operations

    • What distinguishes a Social Business Strategy from other business strategies?

    <p>Focus on incorporating social and collaborative capabilities throughout the business model</p> Signup and view all the answers

    Why are social networks considered important in the context of Social Business Strategies?

    <p>To enable individuals to find and connect with each other to share ideas, information, and expertise</p> Signup and view all the answers

    What are the three components that business strategy is a function of?

    <p>Competition, Positioning, Capabilities</p> Signup and view all the answers

    Which of the following is NOT part of the IS infrastructure components?

    <p>People</p> Signup and view all the answers

    What is the purpose of the matrix in relation to the IS infrastructure components?

    <p>To give a manager a high-level view of the relation between IS infrastructure components and other resource considerations</p> Signup and view all the answers

    Which term identifies the crucial components of an organization's plan as information/control, people, structure, and tasks?

    <p>Business diamond</p> Signup and view all the answers

    What does Collaboration involve in terms of using social IT?

    <p>Extending the reach of stakeholders</p> Signup and view all the answers

    Which of the following is NOT part of IS infrastructure components?

    <p>Structure</p> Signup and view all the answers

    What strategy does an organization employ when it aims to be the lowest cost producer in the marketplace?

    <p>Cost leadership strategy</p> Signup and view all the answers

    Which strategy allows an organization to limit its scope to a narrower segment of the market?

    <p>Focus strategy</p> Signup and view all the answers

    What framework relates business strategy with IS strategy and organizational strategy?

    <p>Information Systems Strategy Triangle</p> Signup and view all the answers

    What does hypercompetition refer to?

    <p>The speed and aggressiveness of moves and countermoves in a market</p> Signup and view all the answers

    What does engagement involve in the context of IS strategy?

    <p>Using social IT to involve stakeholders in the traditional business of the enterprise</p> Signup and view all the answers

    What is the purpose of mission in an organization?

    <p>Describes what the firm is all about and unifies efforts</p> Signup and view all the answers

    Which characteristic of hypercompetition models is NOT mentioned?

    <p>Fits stable environments</p> Signup and view all the answers

    The text discusses how changes in business strategy should entail reassessments of _____?

    <p>Information systems</p> Signup and view all the answers

    Which of the following is NOT a key idea of Porter's generic strategies?

    <p>Diversification</p> Signup and view all the answers

    The text states that the Information Systems Strategy Triangle shows the proper balance of which three strategies?

    <p>Business, IT, and organizational</p> Signup and view all the answers

    Which of the following is a key idea of dynamic environment strategies?

    <p>Speed, agility, and aggressive moves and countermoves</p> Signup and view all the answers

    The text states that information systems are critical to achieving the speed needed for which strategic approach?

    <p>Dynamic environment strategies</p> Signup and view all the answers

    What is a business strategy?

    <p>A plan that outlines where a business wants to go and how it plans to get there</p> Signup and view all the answers

    According to Porter's model, what is the primary goal of a cost leadership strategy?

    <p>To become the lowest-cost producer in the marketplace</p> Signup and view all the answers

    What is the primary characteristic of a differentiation strategy according to Porter's model?

    <p>Qualifying products or services in a way that makes them appear unique</p> Signup and view all the answers

    Which of the following is NOT one of the two variants of a focus strategy as described by Porter?

    <p>Market expansion focus</p> Signup and view all the answers

    What is the primary difference between Porter's competitive advantage model and the hypercompetition model?

    <p>The hypercompetition model focuses on rapidly creating and eroding advantages, while Porter's model emphasizes sustaining advantages</p> Signup and view all the answers

    Which of the following statements best describes the focus strategy as outlined by Porter?

    <p>It involves limiting the scope of the business to a narrower segment of the market and tailoring offerings to that group</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser