Chapter 2 MIS 241-1 – Flashcards
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Market pressure: An example of a market pressure is powerful customers. Customer relationships management systems are an effective IT response that helps companies achieve customer intimacy.
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Identify effective IT responses to different kinds of business pressures
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Technology pressure - An example of technology pressure is information overload. Search engines and business intelligence applications enable
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Identify effective IT responses to different kinds of business pressures
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Societal/political/legal pressures - An example of a these pressures is social responsibility, such as the state of the physical environment. Green IT is one response that is intended to improve the environment.
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Identify effective IT responses to different kinds of business pressures
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The threat of entry of new competitors
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Describe the strategies that organizations typically adopt to counter Porter's five competitive forces.
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The bargaining power of suppliers
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Describe the strategies that organizations typically adopt to counter Porter's five competitive forces.
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The bargaining power of customers
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Describe the strategies that organizations typically adopt to counter Porter's five competitive forces.
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The threat of substitute products or services
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Describe the strategies that organizations typically adopt to counter Porter's five competitive forces.
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The rivalry among existing firms in the industry
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Describe the strategies that organizations typically adopt to counter Porter's five competitive forces
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Organizations view IT as an engine of innovation that continually transforms the business
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Describe the characteristics of effective business—IT alignment
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Organizations view customers and customer services as supremely important
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Describe the characteristics of effective business—IT alignment
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Organizations rotate business and IT professionals across the departments and job functions
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Describe the characteristics of effective business—IT alignment
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Organizations provide clear, overacting goals for all employees
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Describe the characteristics of effective business—IT alignment
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Organizations ensue that IT employees understand how the company makes or loses money
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Describe the characteristics of effective business—IT alignment
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Organizations create a vibrant and inclusive company culture.
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Describe the characteristics of effective business—IT alignment
