Exam 3: Information Systems, organizations, and Strategy

The value chain model classifies all company activities as either primary or support.

Firms traditionally grew in size to increase transaction costs.

In the microeconomic definition of organizations,________ and labour are transformed by the firm through the production process into products and services.

A firm can exercise greater control over its suppliers by having

The research on IT and business performance has found that the more successfully a firm can align information technology with its ________,the more profitable it will be.

________ are the expenses incurred by a customer or company in lost time and resources when changing from one supplier or system to a competing supplier or system.

Use of information systems to enable a focused strategy on a single market niche is a tactic to achieve ________.

Large,________ organizations,which primarily developed before the computer age,are often inefficient,slow to change,and less competitive than newly created organizations.

A collection of business processes make up the ________.

________ is another term for these loosely coupled but interdependent networks of suppliers,distributors,outsourcing firms,transportation service firms,and technology manufacturers.

Information systems are key instruments for ________ scanning,helping managers identify external changes that might require an organizational response.

What competitive strategy are the credit card companies pursuing? How do information systems support that strategy?

A core competency

A collection of independent firms that use information technology to coordinate their value chains to produce a product or service for a market collectively is called a(n)

The use of Internet technologies allows companies to more easily sustain competitive advantage.

A firm can be said to have competitive advantage when they have higher stock market valuations than their competitors.

All organizations are composed of individual routines and behaviours,a collection of which make up a business process.

Arguably,the most widely used model for understanding competitive advantage is Michael Porter's generic strategies model

At the same time,organizational culture is a powerful restraint on change,especially ________ change.

An example of a professional bureaucracy is a