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14 Cards in this Set
- Front
- Back
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An SIS uses IT to help an organization...
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-Gain a competitive advantage
-Reduce a competitive disadvantage -Meet other strategic enterprise objectives |
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What is Competitive Advantage?
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-Capability for advantage over rivals
-Leads industry in identifiable way -Sustains profits above industry average -Hard to maintain over long period of time |
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Porter's Five Forces of Competition
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-Rivalry of competitors
-Threat of new Entrants -Threat of substitute products -Customer bargaining power -Supplier bargaining power |
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Five Competitive Strategies and Examples:
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-Cost leadership/Priceline
-Differentiation strategy/Dell -Innovation/Dell -Growth/Wal-Mart -Alliance/Wal-Mart(automatic inventory replenishment by supplier |
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Name four OTHER competitive strategies
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-Lock in customers and suppliers
-Create switching costs -Raise barriers to entry -Build strong IT dept. |
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BPR or re-engineering is very high risk/reward. Name three enablers of BPR
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-IT
-Process Teams -Case Managers |
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State 4 strategies for an Agile Company
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-Products as solutions to problems
-Cooperates with customers, suppliers and competitors -Thrives on change and uncertainty -Leverages people and knowledge |
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A virtual company uses IT to link:
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-People
-Organizations -Assets -Ideas |
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Inter-enterprise information systems link:
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-Customers
-Suppliers -Subcontractors -Competitors |
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A knowledge-creating company or learning organization does these three things very well:
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-Consistently creates new business knowledge
-Disseminates it throughout the org. -Builds it into its products and services |
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A company that employs agile manufacturing practices. Also, a company that has converted to a primarily software-based business model and is more quickly able to respond to a changing market
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Agile Company
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IS that provide a firm with competitive products and services that give it a strategic advantage over its competitors in the marketplace. Also, information systems that promote business innovation, improve business processes and build strategic information resources for a firm.
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SIS
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Viewing a firm as a series, chain or network of basic activities that add value to its products and services and thus add a margin of value to the firm.
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Value Chain
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An organization that uses telecommunications networks and other information technologies to link the people, assets and ideas of a variety of business partners, no matter where they may be, to exploit a business opportunity.
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Virtual Company
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