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Chapter 3 ; An organization is seen as a means by which primary production factors are transformed into outputs consumed by the environment according to the ... Save Search Forbestresultsentertwoormoresearchterms. Upgradetoremoveads Upgradetoremoveads Search» All» Unfinished » Chapter3 Help Options focusNode Didn'tknowit?clickbelow   Knewit?clickbelow Don'tKnow Remainingcards(0) Know retry shuffle restart Pause 0:00 apps export edit print EmbedCode-Ifyouwouldlikethisactivityonyourwebpage,copythescriptbelowandpasteitintoyourwebpage.  NormalSize   SmallSize showmehow Chapter3 QuestionAnswer Whichmodelisusedtodescribetheinteractionofexternalforcesthataffectanorganization'sstrategyandabilitytocompete?Competitiveforcesmodel Asdiscussedinthechapteropeningcase,whichofthefourgenericstrategiesdidT.J.MaxxemploytocombatthecompetitionofferedbyTarget,Kohls,Walmart,Macy'sandpureonlinestoreslikeRueLaLaandGiltGroupe?Marketnichefocus Theexpensesincurredbyacustomerorcompanyinlosttimeandresourceswhenchangingfromonesupplierorsystemareknownas:Switchingcosts Inenvironmentalscanning,afirmmayuseinformationsystemsto:Identifyexternaleventsthatmayaffectit TheValueChainModel:Highlightsspecificactivitiesinthebusinesswherecompetitive... A_________isanactivityatwhichafirmexcelsasaworld-classleader.Corecompetency Firmsusea________strategytoprovideaspecializedproductorserviceforanarrowtargetmarketbetterthancompetitors.Marketniche Inthevaluechainmodel,supportactivitiesaremostdirectlyrelatedtotheproductionanddistributionofthefirm'sproductsandservices,whichcreatevalueforthecustomer.False Amanufacturerofdeep-seaoilrigsmaybeleastconcernedaboutthismarketplaceforce.Newmarketentrants Theinternetraisesthebargainingpowerofcustomersby:Makinginformationavailabletoeveryone Alongwithcapital,_______istheprimaryproductioninputthattheorganizationusestocreateproductsandservices.Labor The______modelhighlightstheprimaryorsupportactivitiesthataddamarginofvaluetoafirm'sproductsorserviceswhereinformationsystemscanbestbeappliedtoachieveacompetitiveadvantage.Valuechain Anexampleofadivisionalizedbureaucracyisa:Fortune500firm. AsubstituteproductofmostconcernforacableTVdistributoris:SatelliteTV Highproductdifferentiationisasignofatransparentmarketplace.False. Howdoesthetechnicalviewoforganizationsfallshortofunderstandingthefullimpactsofinformationsystemsinafirm?Itseestheinputsandoutputs,laborandcapital,asbeinginfinitelymalleable Walmart'scontinuousreplenishmentsystemallowsitto:Achievelow-costleadership Researchhasshownthatamajorityoffirmsareabletoaligntheirinformationtechnologywiththeirbusinessgoals.False Allofthefollowingarecompetitiveforcesexcept:Externalenvironment Businessprocessesarecollectionsof:Routines Afirmcanexercisegreatercontroloveritssuppliersbyhaving:Moresuppliers Thefourmajorcompetitivestrategiesare:Low-costleadership,productdifferentiation,focusonmarketniche,andcustomerandsupplierintimacy RoutinesarealsocalledStandardOperatingProcedures.True Networkeconomics:Seesthecostofaddingnewmembersasinconsequential. Anefficientcustomerresponsesystemdirectlylinksconsumerbehaviortodistributionandproductionandsupplychains.True Acompetitiveforcechallengingthepublishingindustryis:Substituteproductsorservices MasscustomizationoffersindividuallytailoredproductsorservicesusingthesameresourcesasmassproductionsTrue Indemonstrationofnetworkeconomics,themorepeoplethatuseeBay'ssite,thegreaterthevalueofthesite.True Thepartsofanorganization'sinfrastructure,humanresources,technology,andprocurementthatmakethedeliveryofthefirm'sproductsorservicespossibleareknownas______activities.Support Allofthefollowingstatementsaretrueaboutinformationtechnology'simpactonbusinessfirmsexcept:Ithelpsfirmsexpandinsize. Whichofthefollowingbestillustratestheuseofinformationsystemstofocusonmarketniche?Adepartmentstorecreatingspecializedproductsforpreferredcustomers. Whichofthefollowingisnotamajorfeatureoforganizationsthatimpactstheuseofinformationsystems:Agencycosts UnderMintzberg'sclassificationoforganizationalstructure,theknowledge-basedorganizationwheregoodsandservicesdependontheexpertiseandknowledgeofprofessionalsfallsunderthecategoryof:Professionalbureaucracies Amazon'suseoftheinternetasaplatformtosellbooksmoreefficientlythantraditionalbookstoresillustratesauseofinformationservicesfor:Low-costleadership Anactivitybusinessesperformtomeasureandcomparebusinessprocessestosimilarprocessesofothercompanieswithintheirindustryis:Benchmarking Whentwoorganizationspoolmarketsandexpertisethatresultinlowercostsandgenerateprofits,itisreferredtoascreating:Synergies Aprofessionalbureaucracyisaknowledge-basedorganizationwheregoodsandservicesdependontheexpertiseandknowledgeofprofessionals.True Switchingcostsincreasewhencustomersarestronglylinkedtoproductsandplatforms.True ThetermBusinessEcosystemdescribesthelooselycoupledbutinterdependentnetworksofsuppliers,distributors,outsourcingfirms,transportationservicefirms,andtechnologymanufacturers.True Anorganizationisa:Stable,formalsocialstructurethattakesresourcesfromtheenvironmentandprocessesthemtoproduceoutputs,formal,legalentitythatmustabidebylaws,andacollectionofpeopleandothersocialelements. Nike'sforaysintoinformationtechnologyrepresentaneffortto:Achieveproductdifferentiation Themoreanygivenresourceisappliedtoproduction,thelowerthemarginalgaininoutput,untilapointisreachedwheretheadditionalinputsproducenoadditionaloutput.Thisisreferredtoas:Thelawofdiminishingreturns Whichofthefollowingrepresenttheprimaryactivitiesofafirm:Inboundlogistics,outboundlogistics,operations,services,salesandmarketing A______isacollectionofindependentfirmsthatuseinformationtechnologytocoordinatetheirvaluechainstocollectivelyproduceorserviceforamarket.Valueweb Youareconsultingforacosmeticsdistributorwhoisinterestedindeterminingthebenefitsitcouldachievefromimplementingnewinformationsystems.Whatwillyouadviseasthefirststep?Performastrategicsystemsanalysis. Whichofthefollowingisoneofthesupportactivitiesinafirm'svaluechain?Technology Anorganizationisseenasameansbywhichprimaryproductionfactorsaretransformedintooutputsconsumedbytheenvironmentaccordingtothe_______definitionoforganizations.Microeconomic Thevaluechainmodelclassifiesallcompanyactivitiesasprimaryactivities.False Acollectionofindependentfirmsthatusesinformationtechnologytocoordinatetheirvaluechainstoproduceaproductorserviceforamarketcollectivelyiscalleda:Valueweb Mintzbergclassifiesalargebureaucracyexistinginaslowlychangingenvironmentthatproducesstandardproductsandisdominatedbycentralizedmanagementasa_______bureaucracy.Machine Theabilitytoofferindividuallytailoredproductsorservicesusingthesameproductionresourcesasbulkproductionisknownas:Masscustomization AllofthefollowingareIT-enabledproductsandservicesprovidingcompetitiveadvantageexcept:Walmart'sRetailLinksystem Acompany'scompetitiveadvantagesultimatelytranslateintohigherstockmarketvaluationsthanitscompetitors.True Theuseofinternettechnologiesallowscompaniestomoreeasilysustaincompetitiveadvantage.False Accordingtoresearchonorganizationalresistance,thefourcomponentsthatmustbechangedinanorganizationinordertosuccessfullyimplementanewinformationsystemare:Tasks,technology,people,andstructure Someorganizationslackbedrock,unassailableassumptionsthatdefinetheirgoalsandproducts.False ______technologiesradicallychangethebusinesslandscapeandenvironment.Disruptive Customersareoneofthecompetitiveforcesthataffectanorganization'sabilitytocompete.True Anexampleofakeystonefirmwithinabusinessecosystemis:Appleandsoftwareapplicationwritersinthemobileplatformecosystem. 'Synergies'occurwhentheoutputofsomeunitsinafirmcanbeusedasinputstootherunits,loweringcostandgeneratingprofits.True Allofthefollowingindustrieshavebeendisruptedbytheinternetexcept:Clothing Theeffectoftheinternethasbeentodecreasethebargainingpowerofcustomers.False Sociotechnicalchangesaffectingafirmadoptingnewinformationsystemsrequiringorganizationalchangecanbeconsidered:Strategictransitions Thedivergentviewpointsabouthowresources,rewards,andpunishmentsshouldbedistributed,andthestrugglesresultingfromthesedifferencesareknownas:Politics Accordingtoagencytheory,thefirmisviewedasa:"Nexusofcontracts"amongself-interestedindividuals Avirtualcompany:Usesnetworkstoconnectpeople,assets,andideas Whichofthefollowinghasalowbarriertoentry:Restaurant Thecompetitiveforcesmodelcannotbeusedtoanalyzemoderndigitalfirmswhichfacenewcompetitiveforcesthatarenottrueoftraditionalfirms.False Whatarethemostsuccessfulsolutionsormethodsforachievingabusinessobjective?Bestpractices Informationsystemstechnologycanbeviewedasafactorofproductionthatcanbesubstitutedfortraditionalcapitalandlaborfromtheviewpointofeconomics.True Howareinformationsystemsusedattheindustryleveltoachievestrategicadvantage?Bybuildingindustry-wide,ITsupportedconsortiaandsymposia Howdoinformationsystemsenhancecorecompetencies?Byencouragingthesharingofknowledgeacrossbusinessunits Createdby: scottcampbell     show Answer first autoplaycards speakcards Voices Close Usetheseflashcardstohelpmemorizeinformation.Lookatthelargecardandtrytorecallwhatisontheotherside. 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