Exam 2: Organizational Strategy, Competitive Advantage, and Information Systems

Selecting and adhering to a single competitive strategy is sufficient to counter all of Porter's five forces and be successful in the long term.

Business process management includes methods and tools to support the design, analysis, implementation, management, and optimization of business processes.

All business processes must be owned by one and only one functional area in any organization.

Organizations depend on IT to facilitate their transition to the globalization of their operations.

In today's business environment, it is rare for a company not to have a significant Web presence. This trend can be attributed primarily to:

The Internet reduces the barriers of entry for new competitors in an established industry.

According to McKinsey & Co, the root cause of companies' inability to align their IT and their business goals is the lack of knowledge and communication.

Business-IT alignment refers to the synchronization of a company's IT operations with its:

In recent years, companies such as Walmart and Amazon.com have offered streaming videos for rent on their Web sites. This is another example of how new technology has (check all that apply):

The goals of business process reengineering are to (check all that apply):

The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.

A(n) _____ is a collection of related activities that produce a product or a service of value to an organization.