Exam 3: Strategic Use of Information Resources

Identify each resource below as an IT asset or an IT capability.

List a Web 2.0 technology and how it benefits from the network effect.

Unlike most assets, information resources do not lose value over time.

The three major categories of IT capabilities are technical skills, management skills, and relationship skills.

Which is not a prescribed area of focus for gaining competitive advantage?

Partnering with a competitor is becoming more and more common in today's integrated, technology-based environment. This type of collaboration with a competitor is uniquely described as:

For a company whose main product is information (like a financial services company), the company must co-create its ________ strategy and ________ strategy.

Match Zara's use of IT to the competitive force it influences.

A strategy where companies cooperate and compete at the same time with companies in its value net:

Zara's use of information resourses has given it a substantial advantage over its competitors.

A firm releases a new technology only to have a competitor implement a similar technology with more features and value to the consumer. This would be which type of risk?

Why is it that more and more firms need to co-create their business and IS strategy? Matching

Which one of the following risks can threaten the IS of a company in a highly regulated industry such as financial services or health care?

List one externally managed IT resource a company may use and how it provides a strategic advantage.

Match an organization's activity with the competitive force it has successfully influenced.

Explain why relationship skills are becoming more important to IS managers in today's economy.

Which "view," applied in the area of Information Systems, helps identify two subsets of information resources: those that enable a firm to attain competitive advantage and those that enable a firm to sustain the advantage over the long-term?

Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after having been listed for 74 years. Kodak failed to use IT to fend off which one of the following of Porter's 5 competitive forces?

Over the different eras, organizations have adapted their information systems strategy as technologies have matured. Place these different needs satisfied by information systems in order of maturity. In other words, which need is most likely the first need to be satisfied by an organization?

Match Zara's primary activity to the Porter's value chain activity it represents.