Podcast
Questions and Answers
What is the main focus of a Social Business Strategy?
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?
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?
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?
What distinguishes a Social Business Strategy from other business strategies?
Why are social networks considered important in the context of Social Business Strategies?
Why are social networks considered important in the context of Social Business Strategies?
What are the three components that business strategy is a function of?
What are the three components that business strategy is a function of?
Which of the following is NOT part of the IS infrastructure components?
Which of the following is NOT part of the IS infrastructure components?
What is the purpose of the matrix in relation to the IS infrastructure components?
What is the purpose of the matrix in relation to the IS infrastructure components?
Which term identifies the crucial components of an organization's plan as information/control, people, structure, and tasks?
Which term identifies the crucial components of an organization's plan as information/control, people, structure, and tasks?
What does Collaboration involve in terms of using social IT?
What does Collaboration involve in terms of using social IT?
Which of the following is NOT part of IS infrastructure components?
Which of the following is NOT part of IS infrastructure components?
What strategy does an organization employ when it aims to be the lowest cost producer in the marketplace?
What strategy does an organization employ when it aims to be the lowest cost producer in the marketplace?
Which strategy allows an organization to limit its scope to a narrower segment of the market?
Which strategy allows an organization to limit its scope to a narrower segment of the market?
What framework relates business strategy with IS strategy and organizational strategy?
What framework relates business strategy with IS strategy and organizational strategy?
What does hypercompetition refer to?
What does hypercompetition refer to?
What does engagement involve in the context of IS strategy?
What does engagement involve in the context of IS strategy?
What is the purpose of mission in an organization?
What is the purpose of mission in an organization?
Which characteristic of hypercompetition models is NOT mentioned?
Which characteristic of hypercompetition models is NOT mentioned?
The text discusses how changes in business strategy should entail reassessments of _____?
The text discusses how changes in business strategy should entail reassessments of _____?
Which of the following is NOT a key idea of Porter's generic strategies?
Which of the following is NOT a key idea of Porter's generic strategies?
The text states that the Information Systems Strategy Triangle shows the proper balance of which three strategies?
The text states that the Information Systems Strategy Triangle shows the proper balance of which three strategies?
Which of the following is a key idea of dynamic environment strategies?
Which of the following is a key idea of dynamic environment strategies?
The text states that information systems are critical to achieving the speed needed for which strategic approach?
The text states that information systems are critical to achieving the speed needed for which strategic approach?
What is a business strategy?
What is a business strategy?
According to Porter's model, what is the primary goal of a cost leadership strategy?
According to Porter's model, what is the primary goal of a cost leadership strategy?
What is the primary characteristic of a differentiation strategy according to Porter's model?
What is the primary characteristic of a differentiation strategy according to Porter's model?
Which of the following is NOT one of the two variants of a focus strategy as described by Porter?
Which of the following is NOT one of the two variants of a focus strategy as described by Porter?
What is the primary difference between Porter's competitive advantage model and the hypercompetition model?
What is the primary difference between Porter's competitive advantage model and the hypercompetition model?
Which of the following statements best describes the focus strategy as outlined by Porter?
Which of the following statements best describes the focus strategy as outlined by Porter?
