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12 Cards in this Set
- Front
- Back
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Competitive advantage |
And advantage over competitors in some measure such as cost quality or speed leads to control of the market and to larger than average profits |
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Competitive forces model |
Business framework that analyzes competitiveness by recognizing five major forces that could endanger a company's position |
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Globalization |
The integration and interdependence of economic social cultural and ecological facets of life enabled by rapid advances in information technology |
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Strategic information systems (SIS) |
Systems that help an organization gain a competitive advantage by supporting its strategic goals and or increasing performance and productivity |
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Mass customization |
A production process in which items are produced in large quantities but are customized to fit the desires of each customer |
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Business-IT alignment |
The tight integration of the IT function with strategy mission and goals of the organization |
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Business pressures |
Market pressure, technology pressure, and societal/ political/ legal pressure are types of: |
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Information overload |
The amount of information doubles almost every year |
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Michael porters competitive force model |
To analyze and organizations competitiveness and design general strategies |
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Porters value chain model |
Identify specific activities where organizations can use competitive strategies for greatest impact |
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Support activities |
Do not add value directly to a firms product and services |
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Key strategies: |
Cost leader, differentiation, innovation, operational effectiveness, customer oriented |
