10 Questions
Which of the following accurately describes a strategy?
A coordinated set of actions to fulfill objectives
What is the purpose of a business strategy?
To set limits on what the organization seeks to accomplish
What is the first step in developing a strategy?
Creating a mission statement
Which company's mission statement is focused on providing the best customer service possible?
Zappos
Which company aims to be Earth's most customer-centric company and offers customers the lowest possible prices?
Amazon
Which of the following is NOT one of the components of the Information Systems Strategy Triangle?
Technology Strategy
What is the purpose of a business strategy?
To fulfill objectives, purposes, or goals
Which company's mission statement emphasizes the importance of being outside and designing products for outdoor activities?
L.L. Bean
What is the first step in developing a strategy?
Starting with a mission
Which of the following best describes a strategy?
A coordinated set of actions to fulfill objectives, purposes, or goals
Study Notes
Strategy and Mission Statements
- A strategy is a plan of action designed to achieve a particular goal or set of goals.
Purpose of a Business Strategy
- The purpose of a business strategy is to outline how a company will allocate its resources to achieve its goals and objectives.
Developing a Strategy
- The first step in developing a strategy is to define the organization's mission, vision, and values.
Company Mission Statements
- Amazon's mission statement aims to be Earth's most customer-centric company and offers customers the lowest possible prices.
- REI's mission statement emphasizes the importance of being outside and designing products for outdoor activities.
Information Systems Strategy Triangle
- The Information Systems Strategy Triangle consists of three components: business strategy, information systems, and organizational design.
- One of the following is NOT one of the components of the Information Systems Strategy Triangle: a separate "IT strategy".
Test your knowledge on the Information Systems Strategy Triangle and its key components: Business Strategy, Organizational Strategy, and Information Strategy. Learn about the importance of balancing these strategies and how they contribute to achieving objectives and goals. Explore the concept of strategy, its role in setting limits, and the relationship with a company's mission. This quiz is ideal for students studying information systems or professionals interested in strategic management.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
