Exam 1: What Is Strategy and Why Is It Important

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The ability to use the same telephone number while switching the carrier company is called ___________________.

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____________ is an executive-level position that involves high-level strategic planning and management of information systems pertaining to the creation, storage, and use of information by a business.

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The travel industry is famous for its _________ programs.

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What is a business process? Describe upon how organizations evaluate the effectiveness of their business processes.

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Information systems are implemented to support a company's competitive business ______________________.

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Which of the following represents buyer power in Porter's Five Forces Model?

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What occurs when an organization can significantly impact its market share by being the first to market with a competitive advantage?

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Almost all organizations today have an internal IT department, often called Information Technology (IT), Information Systems (IS), or Management Information Systems (MIS).

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______________ power in the Porter's Five Forces Model is high when buyers have many choices of whom to buy from and low when their choices are few.

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Compare and contrast the five forces model, the three generic strategies, and the value chain analysis.And comment upon how information systems drive the business.

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Which of the following is considered information?

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Describe and compare buyer power and supplier power in Porter's Five Forces Model.Also, explain how an organization can manipulate buyer power and supplier power.

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In telephone industry, the local number portability (LNP) feature decreases the threat of substitute products.

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Which issue concerns CIOs the most?

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What is a business-to-business (B2B) marketplace in which a single buyer posts its needs and then opens the bidding to any supplier who would care to bid?

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The threat of new entrants in the Five Forces Model is ______ when it is easy for new competitors to enter a market and low when there are significant entry barriers to entering a market.

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Compare management information systems (MIS) and information technology (IS).

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Information technology is any computer-based tool that people use to work with ____________ and support the information and information processing needs of an organization.

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____________ is "actionable information" which is used for decision making.

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The chief ___________ officer is responsible for collecting, maintaining, and distributing the organization's knowledge.

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