Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
36 Cards in this Set
- Front
- Back
Business, organization and information |
The IS Strategy Triangle consists of |
|
social business strategy |
This is the plan of how the firm will use social IT, aligned with organizational strategy and IS strategy |
|
differentiation |
This business strategy involves creating a unique product or service |
|
alignment |
When a company's business strategies and information strategies work together, this is known as |
|
Dynamic Models |
These models assume the competitive environment firms operate in are turbulent and always changing |
|
It invests in a technology and has another competitor do so, but better |
A firm has awakened a sleeping giant when |
|
Rare and valuable |
The resource-based view of the firm says a resource must be ___ and ___ for a firm to attain a competitive advantage |
|
Network Effects |
Many people can't leave Facebook because all of their friends are on it. The more people who join, the greater Facebook's competitive advantage |
|
Porters value chain framework |
This framework looks at the value-creating and supporting activities within an organization |
|
Supplier power, buyer power, threat of substitutes, industry competition and threat of new entrants |
These are Porter's forces |
|
Matrix |
When and employee reports to more than one boss, this is an example of a ____ organizational structure |
|
Flat |
The main organizational structures are hierarchical, networked, matrix and ____ structures |
|
hierarchical |
In this organizational structure, middle managers tell employees what to do and to report to their supervisors |
|
informal |
Office softball leagues, friendships, and office politics are examples of ___ networks |
|
Organizational, control and cultural variables |
These are the managerial levers |
|
threat of substitute products |
When a product has a number of products that are similar to it on the market place, this threat is high ___ |
|
Switching costs |
It's difficult to change cell phone contracts. This is known as |
|
barriers to entry |
Patents, limited distribution channels and high capital requirements are examples of high ___ that prevent new companies from entering an industry |
|
Industry Competition |
This is the heart of Porters Forces |
|
Cost leadership, differentiation and focus strategy |
How can a company stay in business with high threats and high rivalry ( 3 generic business strategies) |
|
BP |
This company is responsible for the 2010 Deepwater oil spill |
|
Threat of New Entrants |
New firms that may enter a companies market |
|
Threat of New Entrants |
New firms that may enter a companies market |
|
Buyer bargaining power |
The ability of buyers to use their market power to decrease a firms competitive position |
|
Threat of New Entrants |
New firms that may enter a companies market |
|
Buyer bargaining power |
The ability of buyers to use their market power to decrease a firms competitive position |
|
Supplier bargaining power |
the ability suppliers of the inputs of a product or service to lower a firms competitive position |
|
Threat of substitutions |
providers of equivalent or superior alternate products |
|
Industry competitors |
current competitors for the same product |
|
Alignment |
A company's current and emerging business strategy is enabled, supported and unconstrained by technology |
|
Alignment |
A company's current and emerging business strategy is enabled, supported and unconstrained by technology |
|
Business strategy |
A plan articulating where a business seeks to go and how it expects to get there |
|
Cost leadership |
Results when the organization aims to be the lowest-cost producer in the marketplace |
|
Cost leadership |
Results when the organization aims to be the lowest-cost producer in the marketplace |
|
Differentiation |
The organization qualifies its product or service in a way that allows it to appear unique in the marketplace |
|
Focus |
Allows an organization to limit its scope to a narrower segment of the market and tailor its offerings to that group of customers |