Exam 2: Strategic Uses of Information Systems

___________refers to an organization's initiative of adding to a product or service to increase its value to the consumer.

eBay's success demonstrates the strategic advantage of the___________ ,an organization that is the first to offer a new product or service.

Which of the following conditions must exist for an information system to be a strategic information system?

A system can only help a company sustain competitive advantage if the company continuously modifies and enhances it,creating a(n) ___________for competitors.

___________are expenses incurred when a customer stops buying a product or service from one business and starts buying it from another.

When failure occurs because an organization tries to be on the technological leading edge,observers call it the _____.

List eight basic initiatives that companies can use to gain competitive advantage.

In a highly competitive industry that traditionally has had a narrow profit margin,JetBlue managed to gain strategic advantage by reducing cost and therefore reducing the price to the customer.

In a___________ ,a market rarely remains the domain of one organization for long;thus,competition ensues almost immediately.

Provide an example of a company using the lock in buyers strategy successfully.

A ___________is a body of clients that is large enough to attract many other clients.

Companies that are first to adopt advanced systems that reduce labor enjoy___________ for as long as their competitors lag behind.

___________provide draws for customers that include combined services that are cheaper.

Indirect costs in time and money spent adjusting to a new product that competes with the old is an example of implicit___________ .

One way to increase market share is to lower prices,and the best way to lower prices is to ___________.

Organizations can achieve competitive advantage if they are powerful enough to___________ suppliers to their mode of operation or buyers to their product.

On the web,an example of alliances is a(n)___________ .

The word "strategy" originates from the Greek word strategos,meaning "___________ ."

Which of the following patents does Priceline.com hold that prevents competitors from entering its business space?

Being on the bleeding edge can mean that implementation costs are significantly higher than anticipated.