Save
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

ISPP Chapter 4

Information Systems Investments and Strategic Advantage

QuestionAnswer
3 Types of Information Systems • Automating • Organisational Learning(Informating) • Achieving Strategy
Automation Process of using an information system to compete a task within an organisation in a faster and efficient way with greater accuracy and consistency. There is a reduced chance of human error within this process.
Informating Process where technology provides information about its operation and the work processes underlying its operation. It allows the business to learn where it can improve in the day-to-day activities within that process.
Learning Organisation An organization that is highly skilled in creating, acquiring and transferring knowledge and by changing its behavior and attitudes to reflect new knowledge and insights for further use. The process is reviewed constantly in order to be more efficient
Organisation Strategy Organization’s plan to achieve its goals and to gain advantages over rivals.
5 Types of Organisational Strategy (Use a diagram) •Overall Low-Cost Leadership Strategy •Focused Low-Cost Leadership Strategy •Broad Differentiation Strategy •Focused Differentiation Strategy •Best-Cost Provider Strategy
7 Sources of Competitive Advantage •Having the best product available •Delivery of high level customer service •Achieving lower production costs than rivals •Having strong technology in manufacturing •Shorter testing + developing stages •Well known brand •Giving customers best valu
Value-Chain Analysis (Diagram) The process of analyzing a business’s activities and determining where value can be added to products and services and the costs involved in doing so
Productivity Paradox The observation when business productivity increases but at a lower rate than initially thought due to introduction of new technologies.
4 Reasons for Productivity Paradox •Measurement Problems •Time Lags •Redistribution •Mismanagement
Business Cases Based on 3 Types •Faith •Fear •Fact
Porter's 5 Forces of Level of Industry Competitiveness •Existing rivals in the industry •New rivals •Customer bargaining power •Suppliers bargaining power •Substitute products from other industries
Business case based on fact •Identifying costs (Total cost of ownership) •Identifying benefits •Performing a Cost-benefit analysis •Comparing competing investments (listed criteria, then process of elimination)
4 factors for Business Cases •Know your audience •Convert benefits into quantitative figures •Proxy variables •Measure important factors involved to management
4 Categories of Assessing IS Infrastructure •Economic •Architectural •Operational •Regulatory and Compliance
5 Obstacles for Innovation •Advantages gained have limited lifespan •Always involve a risk •Making the choice •Difficulties with forecasting its impact •Competitors can copy your innovation
3 Organisational Requirements for Innovation •Process Requirements •Resource Requirements •Risk Tolerance Requirements
4 Good Steps for Innovation •Start Early •Executive Leadership •Build a team of expert innovators •Educate the organisation to explore possible disruptive innovations
Disruptive innovations New technologies, products or services that eventually overtake existing technology, products or services that has been dominating the market for quite some time
4 Parts to the E-Business Cycle (Figure 4.23) •Choosing •Matching •Executing •Assessing
3 Possible Ways to Disruptive Innovation •Putting technology ahead of business strategy •Putting technology ahead of marketing strategy •Continuous Innovation
Freeconomics (Give an example) Based on the principles that a product/service costs very little to produce and maintain and is offered free to the customer with the main aim of gaining a competitive advantage
6 Approaches to Freeconomics (Give example of each) •Advertising •Freemium •Cross-subsidies •Zero Marginal Cost •Labor Exchange •Gift Economy
Created by: coeezy
Popular Computers sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards