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BADM 7050 Chapter 1
BADM 7050
31
Management
Graduate
05/09/2016

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Term
Information Systems Strategy Triangle
Definition
makes business strategy, IS strategy and organizational strategy compatible together.
Term
information system
Definition
is defined more broadly as the combination of technology(the "What"), people (the "who") and process (the "how") that an organization uses to produce and manage information.
Term
information technology
Definition
all forms of technology used to create, store, exchange, and use information.
Term
strategy
Definition
is a coordinated set of actions to fulfill objectives, purposes and goals.
Term
Mission
Definition
is a clear and compelling statement that unifies an organizations effort and describes what the firm is all about (i.e its purpose)
Term
business strategy
Definition
is a plan articulating where a business seeks to go and how it expects to get there.
Term
business strategies are developed because
Definition
to help with market forces, customer demands and organizational capabilties
Term
market forces
Definition
create the competitive context for the business
Term
organizational capabilities
Definition
include the skills and experience that five the corporation a currency that can add value in the marketplace
Term
Porters 3 primary strategies for competitive advantage
Definition
cost leadership, differentiation and focus
Term
cost leadership
Definition
results when the organization aims to be the lowest-cost producer in the market place. Lower's it cost but still has to maintain a similar quality to its product
Term
Differentiation
Definition
the organization qualifies its product or service in a way that allows it to appear unique in the marketplace.
Term
Focus
Definition
Allows an organization to limit its some to a narrower segment of the market and tailor its offerings to that group of customs.
Term
Cost focus
Definition
organization seeks a cost advantage within it's segment
Term
differentiation focus
Definition
organization seeks competitive advantage by distinguishing its products or services. Can help a company gain a competitive advantage in a local market even if it does not gain it through the who market. Poetess
Term
Porter's generic strategic model
Definition
is useful for diagnostics, or understand how a business seeks to profit in its chosen marketplace, and for prescription, or building new opportunities for advantage.
Term
hyper competition mdoel
Definition
suggest that the speed and aggressiveness of the moves and countermoves in any given market create an environment in which advantages are rapidly created and eroded.
Term
DYB
Definition
destroy you business- strategy where you find the weakness in your own company
Term
GYB
Definition
Grow your business- strategy to find fresh way to reach new customers and better serve existing ones.
Term
Peters generic strategies Key Idea and Application to IS
Definition
firms achieve competitive advantage through cost leadership, differentiation, or focus. Understating which strategy si chosen by a firm is critical to choosing IS to complement the strategy
Term
Dynamic environment strategies
Definition
speed, agility and aggressive moves and countermoves by a firm create competitive advantage. IS are critical to achieving the speed needs for moves and countermoves. IS are in a constant state of flux or development.
Term
Organizational strategy
Definition
includes the organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes.
Term
What question does Organizational strategy answer?
Definition
How will the company organize to achieve its goals and implement its business strategy.
Term
business diamond
Definition
identifies the crucial component of an organization's plan as its information/control, people, structure, and tasks.
Term
social business strategy
Definition
is a plan of how the firm will use social IT, aligned with organization strategy and IS strategy. It includes a vision of how the business would operate if it seamlessly and thoroughly incorporated social and collaborative capabilities throughout the business model. Example- Facebook Twitter, blogs
Term
3 types of social business strategy
Definition
Collaboration- helps individuals find and connect- Twitter
Engagement- help individuals create conversations or offer support to each other. EX blogs
innovation- give individuals a platform to generate new idea for each other.
Term
Business Diamond
Definition
There are four key components to an organization's design: people, structure, tasks, and information. This framework will help figure out where IS will affect one of theses components.
Term
IS strategy
Definition
Is the plan an organization uses to provide information services. IS allows a company to implement its business strategy. Ex find the what a business needs and then find a technology to support that need.
Term
What forms a business strategy
Definition
Competition( what does the customer want and what does the competition do) positioning (in what way does the firm want to compete) and capabilities * what can the firm do)
Term
What part of the business strategy does IS help with?
Definition
helping a company determine its capabilities.
Term
4 components of IS systems
Definition
Hardware, software, networking, and data
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