Exam 1: What Is Strategy and Why Is It Important

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Discuss what is meant by the term "business-driven information systems".

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Kia is following a broad differentiation strategy.

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The four common information sharing cultures include information-functional culture, information-sharing culture, information-inquiring culture, and information-discovery culture.

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Value chain analysis is a highly useful tool in that it provides hard and fast numbers for evaluating the activities that add _______ to products and services.

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What is the competitive advantage? What are the common tools that organizations use for developing the competitive advantage?

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The three generic strategies are broad competitive approaches that organizations fall under.

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Which one of the business functions receives the benefits the most from Information Systems when compared to others?

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______ chain analysis is a highly useful tool in that it provides hard and fast numbers for evaluating the activities that add value to products and services.

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Which of the following is not one of Porter's Five Forces?

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____________ is responsible for ensuring the ethical and legal use of information within an organization.

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____________ is responsible for ensuring the throughput, speed, accuracy, availability, and reliability of an organization's information technology.

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Which of the following is not a department found in most businesses?

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____________ costs are costs that can make customers reluctant to switch to another product or service.

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The _________, the three generic strategies, and value chain analysis are all methods by which organizations can assess their competitive advantage.

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Managers need to understand that IS success is incredibly easy to measure.

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Why do students need to study information technology?

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A competitive advantage is typically temporary, unless it is a first-mover advantage.

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Audi is following a broad _________ strategy with its Quattro model which is available at several price points.

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Which one of the following is used for decision making?

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_______ is high when buyers have few choices of whom to buy from and low when their choices are many.

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