Exam 1: A Look Toward the

Most research and consulting firms agree that ______________ to gain insights and a competitive edge is one of the biggest opportunities and challenges facing managers.

Strategic planning is a series of processes in which an organization selects and arranges its businesses or services to keep the organization viable healthy or functional) even when unexpected events disrupt one or more of its businesses, markets, products, or services.

Identify and explain at least 3 benefits of a company implementing a cloud computing technology solution.

For most organizations, if their ________________ goes down, so does the business.

How a company generates revenue from its assets is referred to as its __________.

According to your textbook, two key components of corporate profitability are 1) industry structure and 2) ________________.

Because of the shift to cloud computing, there is growing demand for professionals and managers who are more focused on _________________ than they are in application development.

A ________________ is an IS that provides fast-enough access to information or data so that an appropriate decision can be made, usually before the data or situation changes.

A real-time system is an IS that provides fast-enough access to information or data so that an appropriate decision can be made, usually before the data or situation changes.

Primary activities are those business activities through which a company produces goods, thus creating value for which customers are willing to pay such as purchasing of materials, processing materials into products, and delivery of products to customers.

Advanced IT applications that create competitive advantages are examples of IT commodities.

The importance of being an agile enterprise has increased significantly because of _________ and _________.

Farm equipment with ground sensors can take into account crop and field conditions, and adjust the amount of fertilizer that is spread on areas that need more nutrients. This is made possible by:

IT consumerization is the migration of consumer technology into enterprise computing environments because personally-owned IT is as capable and cost-effective as its enterprise equivalents.

__________ involves the evaluation of strengths and weaknesses, which are internal factors; and opportunities and threats, which are external factors.

IT _____________________ is the migration of consumer technology into enterprise computing environments because personally-owned IT is as capable and cost-effective as its enterprise equivalents.

To maintain a competitive advantage, company IT operations needs to be ____________ meaning that IT capacity can be easily scaled up or down as needed.

Crowdfunding is a way to raise money capital) for new projects by asking for contributions from a large number crowd) of people via the Web.

Describe how business process reengineering BPR) improves productivity.

SWOT Analysis involves analyzing a company's competitive situation on all of the following factors except: