MIS 201 – Chapter 2 MC/TF – Flashcards
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While assessing value of the IS infrastructure, if we measure the impact of not investing in a particular project, we are deriving the ____ value. [a] operational [b] compliance [c] economic [d] architectural [e] regulatory
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[a] operational
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While assessing value of the IS infrastructure, ____ value is derived from assessing the extent to which an investment helps to meet requirements for control, security, and integrity as required by a governing body or a key customer. [a] tactical [b] operational [c] regulatory and compliance [d] architectural and tactical [e] economic
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[c] regulatory and compliance
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A home-replication strategy can be referred to as an international strategy. [a] True [b] False
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[a] True
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Within the context of international business strategies, a global strategy is associated with _____. [a] high degree of global integration and high degree of local responsiveness [b] low degree of global integration and lack of local responsiveness [c] low degree of global integration and high degree of local responsiveness [d] low degree of global integration and low degree of local responsiveness [e] high degree of global integration and low degree of local responsiveness
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[e] high degree of global integration and low degree of local responsiveness
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Which of the following statements is true about firms pursuing a multidomestic business strategy? [a] The knowledge transfer between subsidiaries is abundant. [b] There is a huge amount of data and control information flow between the home and subsidiary locations. [c] They have standard offerings across markets and give preference to international business. [d] They work in a centralized fashion and the home location exerts strong control on the subsidiaries. [e] They are extremely flexible and responsive to the needs and demands of local markets.
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[e] They are extremely flexible and responsive to the needs and demands of local markets.
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Which of the following international business strategies is the most basic form of going global? [a] home-replication strategy [b] transnational strategy [c] import strategy [d] global strategy [e] multidomestic strategy
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[a] home-replication strategy
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At the ____ level of a firm, the routine, day-to-day business processes and interactions with customers occur. [a] managerial [b] strategic [c] operational [d] tactical [e] executive
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[c] operational
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With respect to the organizational decision making levels, top level managers typically focus on problems within a specific business function, such as marketing or finance. [a] True [b] False
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[b] False
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Managers in the ____ level of an organization are referred to as "executives." [a] functional [b] strategic [c] managerial [d] tactical [e] operational
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[b] strategic
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Organizational strategy is a firm's plan to accomplish its mission and goals as well as to gain or sustain competitive advantage over rivals. [a] True [b] False
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[a] True
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The managerial level of an organization is also known as the ____ level. [a] executive [b] strategic [c] operational [d] tactical [e] functional
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[d] tactical
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Administrative heritage
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The corporate culture that has evolved in the environment of a firm's home country.
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Automating
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Using information systems to do an activity faster, cheaper, and perhaps with more accuracy and/or consistency.
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Best-cost provider strategy
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A strategy to offer products or services of reasonably good quality at competitive prices.
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Business/IT alignment
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The alignment of information systems with a business's strategy.
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Business model
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The summary of a business's strategic direction, outlining how the objectives will be achieved; a business model specifies how a company will create, deliver, and capture value.
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Business process
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A set of related activities an organization performs in order to reach its business goals.
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Capabilities
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An organization's ability to leverage its resources.
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Differentiation strategy
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A strategy in which an organization differentiates itself by providing better products or services than its competitors.
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Domestic company
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A company operating solely in its domestic market.
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E-buiness
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A term used to refer to the use of a variety of types of information technologies and systems to support every part of the business.
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E-business innovation cycle
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A model suggesting that the extent to which modern organizations use information technologies and systems in timely, innovation ways is the key to success.
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Economic opportunities
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Opportunities that a firm finds for making money and/or making money in new ways.
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Enabling technology
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An information technology that enables a firm to accomplish a task or goal or to gain or sustain a competitive advantage in some way.
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Executive level
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The top level of the organization, where executives focus on long-term strategic issues facing the organization.
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First-mover advantages
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Being the first to enter a market.
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Freeconomics
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The leveraging of digital technologies to provide free goods and services to customers as a business strategy for gaining a competitive advantage.
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Functional are information system
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A cross-organization-level information system designed to support a specific functional area.
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Global business strategy
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An international business strategy employed to achieve economies of scale by producing identical products in large quantities for a variety of different markets.
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Home-replication strategy
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An international business strategy that views the international business as an extension of the home business.
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Innovator's dilemma
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The notion that disruptive innovations can cause established firms or industries to lose market dominance, often leading to failure.
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International business strategy
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A set of strategies employed by organizations operating in different global markets.
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Key performance indicator (KPI)
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A metric deemed critical to assessing progress toward a certain organizational goal.
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Low-cost leadership strategy
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A strategy to offer the best prices in the industry on goods or services.
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Managerial level
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The middle level of the organization, where functional managers focus on monitoring and controlling operational-level activities and providing information to higher levels of the organization.
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Multidomestic business strategy
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A decentralized international business strategy using a federation of associated business units, employed to be flexible and responsive to the needs and demands of heterogeneous local markets.
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Operational level
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The bottom level of an organization, where the routine, day-to-day business processes and interactions with customers occur.
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Organizational learning
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The ability of an organization to learn from past behavior and information, improving as a result.
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Organizational strategy
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A firm's plan to accomplish its mission and goals as well as to gain or sustain competitive advantage over rivals.
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Resources
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An organization's specific assets that are utilized to create cost or product differentiation from their competitors.
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Revenue model
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Part of a business model that describes how the organization will earn revenue, generate profits, and produce a superior return on invested capital.
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Semistructured decision
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A decision where problems and solutions are not clear-cut and often require judgement and expertise.
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Strategic necessity
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Something an organization must do in order to survive.
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Strategic planning
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The process of forming a vision of where the organization needs to head, converting that vision into measurable objectives and performance targets, and crafting a plan to achieve the desired results.
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Structured decision
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A decision where the procedures to follow for a given situation can be specified in advance.
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Transaction
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Anything that occurs as part of daily business of which an organization must keep a record.
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Transnational business strategy
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An international business strategy that allows companies to leverage the flexibility offered by a decentralized organization (to be more responsive to local conditions) while at the same time reaping economies of scale enjoyed by centralization; characterized by a balance between centralization and decentralization and interdependent resources.
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Unstructured decision
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A decision where few or no procedures to follow for a given situation can be specified in advance.
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Value chain
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The set of primary and support activities in an organization where value is added to a product or service.
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Value chain analysis
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The process of analyzing an organization's activities to determine where value is added to products and/or services and the costs that are incurred for doing so.
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Value creation
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An organization providing products at a lower cost or with superior (differentiated) benefits to the customer.
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Value proposition
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The utility that the product/service has to offer to customers.
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