Term
| Information Systems Strategy Triangle |
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Definition
| makes business strategy, IS strategy and organizational strategy compatible together. |
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| 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. |
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| all forms of technology used to create, store, exchange, and use information. |
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| is a coordinated set of actions to fulfill objectives, purposes and goals. |
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| is a clear and compelling statement that unifies an organizations effort and describes what the firm is all about (i.e its purpose) |
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| is a plan articulating where a business seeks to go and how it expects to get there. |
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| business strategies are developed because |
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Definition
| to help with market forces, customer demands and organizational capabilties |
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| create the competitive context for the business |
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| organizational capabilities |
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Definition
| include the skills and experience that five the corporation a currency that can add value in the marketplace |
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| Porters 3 primary strategies for competitive advantage |
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Definition
| cost leadership, differentiation and focus |
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| 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 |
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| the organization qualifies its product or service in a way that allows it to appear unique in the marketplace. |
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| Allows an organization to limit its some to a narrower segment of the market and tailor its offerings to that group of customs. |
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| organization seeks a cost advantage within it's segment |
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| 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 |
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| Porter's generic strategic model |
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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. |
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| 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. |
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| destroy you business- strategy where you find the weakness in your own company |
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| Grow your business- strategy to find fresh way to reach new customers and better serve existing ones. |
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| Peters generic strategies Key Idea and Application to IS |
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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 |
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Term
| Dynamic environment strategies |
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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. |
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| includes the organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes. |
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| What question does Organizational strategy answer? |
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Definition
| How will the company organize to achieve its goals and implement its business strategy. |
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| identifies the crucial component of an organization's plan as its information/control, people, structure, and tasks. |
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| 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 |
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Term
| 3 types of social business strategy |
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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. |
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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. |
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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. |
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Term
| What forms a business strategy |
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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) |
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| What part of the business strategy does IS help with? |
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Definition
| helping a company determine its capabilities. |
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Term
| 4 components of IS systems |
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Definition
| Hardware, software, networking, and data |
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