Question 1

Which of the following statement(s) about strategic information systems is(are) not true?

Accepted Answer

A)  Strategic information systems are used to support or shape the competitive strategy of a firm 
B)  Strategic information systems critical to business operations but that do not generate added value 
C)  Strategic information systems enable the creation and appropriation of value 
D)  Strategic information systems are defined in terms of the purpose they serve 
E)  All of the above are true 
A)  Strategic information systems are used to support or shape the competitive strategy of a firm 
B)  Strategic information systems critical to business operations but that do not generate added value 
C)  Strategic information systems enable the creation and appropriation of value 
D)  Strategic information systems are defined in terms of the purpose they serve 
E)  All of the above are true

Question 2

Offer an example, real or imagined, of firms in each of the following situations (do not use the Wiztech case as the basis of your response). Thoroughly explain your examples.
- The firm created Added Value by increasing Customer Willingness to Pay
- The firm created Added Value by reducing Supplier Opportunity Cost
- The firm increased Customer Willingness to Pay, but failed to create Added Value.

Accepted Answer

The firm created Added Value by increasi

Question 3

Given your understanding of the definition of value creation, who benefits?

Accepted Answer

A)  The entire supply chain (except customers) 
B)  Tier-1 Suppliers only 
C)  The Firm only 
D)  Customers Only 
E)  Any or all of the suppliers and customers, or the firm itself 
A)  The entire supply chain (except customers) 
B)  Tier-1 Suppliers only 
C)  The Firm only 
D)  Customers Only 
E)  Any or all of the suppliers and customers, or the firm itself

Question 4

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Accepted Answer

A)  Total Value Created 
B)  Customer Willingness to Pay 
C)  Firm Cost 
D)  Supplier Opportunity Cost 
E)  (e) None of the above 
A)  Total Value Created 
B)  Customer Willingness to Pay 
C)  Firm Cost 
D)  Supplier Opportunity Cost 
E)  (e) None of the above

Question 5

Consider the following information, how much value does your firm appropriate? Please clearly explain your calculation process.

Accepted Answer

The differ

Question 6

With the terminology introduced in Chapter 7, a firm has a competitive advantage when:

Accepted Answer

A)  It creates significant value for its customers by providing outstanding service 
B)  It has created added value 
C)  It manages its firm cost aggressively 
D)  It is able to negotiate harder than competitors 
E)  It appropriates 
A)  It creates significant value for its customers by providing outstanding service 
B)  It has created added value 
C)  It manages its firm cost aggressively 
D)  It is able to negotiate harder than competitors 
E)  It appropriates

Question 7

A brand new, well-built, and technologically advanced cell phone costs $125 to manufacture. However, it has a value of $0 unless someone is willing to buy it.

Accepted Answer

A) True 
 B)False

Question 8

Value appropriation is the process by which the total value created in the transaction is split amongst all the entities who contributed to creating it. Therefore, the total value created is the value appropriated by the firm.

Accepted Answer

A) True 
 B)False

Question 9

Consider the following information:
Compute the following:
  
-Total value created

Accepted Answer

The answer of Consider the following information:
Compute the following:
 ...

Question 10

Why is an analysis of added value useful?

Accepted Answer

A)  It helps managers in making decision of whether they should go ahead with the initiative or not 
B)  It helps managers in evaluating how to respond to a competitor who took the leadership position 
C)  It helps managers in computing a number for the value added by an initiative envisioned 
D)  It helps managers in measure how much benefit their competitor is drawing from an innovation, and what benefits are likely to accrue to them if they choose to replicate the initiative. 
E)  All of the above 
A)  It helps managers in making decision of whether they should go ahead with the initiative or not 
B)  It helps managers in evaluating how to respond to a competitor who took the leadership position 
C)  It helps managers in computing a number for the value added by an initiative envisioned 
D)  It helps managers in measure how much benefit their competitor is drawing from an innovation, and what benefits are likely to accrue to them if they choose to replicate the initiative. 
E)  All of the above

Which of the following statement(s) about strategic information systems is(are) not true?

Given your understanding of the definition of value creation, who benefits?

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Consider the following information, how much value does your firm appropriate? Please clearly explain your calculation process.

With the terminology introduced in Chapter 7, a firm has a competitive advantage when:

A brand new, well-built, and technologically advanced cell phone costs $125 to manufacture. However, it has a value of $0 unless someone is willing to buy it.

Value appropriation is the process by which the total value created in the transaction is split amongst all the entities who contributed to creating it. Therefore, the total value created is the value appropriated by the firm.

Consider the following information: Compute the following: -Total value created

Why is an analysis of added value useful?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

The Changing Competitive Environment

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters

Exam 7: Value Creation and Strategic Information Systems

Which of the following statement(s) about strategic information systems is(are) not true?

Given your understanding of the definition of value creation, who benefits?

Which of the following is "the minimum amount of money the suppliers are willing to accept to provide the firm with the needed resources"?

Consider the following information, how much value does your firm appropriate? Please clearly explain your calculation process.

With the terminology introduced in Chapter 7, a firm has a competitive advantage when:

A brand new, well-built, and technologically advanced cell phone costs $125 to manufacture. However, it has a value of $0 unless someone is willing to buy it.

Value appropriation is the process by which the total value created in the transaction is split amongst all the entities who contributed to creating it. Therefore, the total value created is the value appropriated by the firm.

Consider the following information: Compute the following: -Total value created

Why is an analysis of added value useful?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

The Changing Competitive Environment

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters