Exam 2: Achieving Strategic Alignment

The three key elements of the formulation of strategy are vision, strategy, and_____________

According to Porter's Five Competitive Forces model, all of the following are considered external environmental forces except:

Describe how IT can be used as an enabler of business transformation. Give examples from industry.

Each of the following is a component of the SWOT model except:

Weak economic growth is an example of one of the top six inhibitors to achieving IT-business alignment.

List and briefly describe five of the seven characteristics an effective vision statement should have.

The IT strategy formulation process is best described as a sequence of activities that transforms the current alignment state to the envisioned future alignment state.

The threat of substitute products pertains to the likelihood of a customer being able to use a completely different product obtained from a company outside the industry.

Briefly describe Porter's Industry Profitability Five Forces model, SWOT analysis, and Ansoff's Product-/mMarket aAnalysis as methods to facilitate management's evaluation of strategy alternatives.

A ______________describes a person-typically a senior business executive-who has the compelling vision of the "To Be" state of affairs.