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SIT Mid-Term
Chapter 1
| Term | Definition |
|---|---|
| Business Diamond | Identifies the crucial components of an organization's plan as its structure, task, information and control, and people |
| Business Strategy | A plan about where the business seeks to go and how it seeks to get there |
| Collaboration | Using social IT to extend the reach of stakeholders |
| Cost leadership | When an organization aims to be the lowest-cost producer |
| Differentiation | The organization makes it product to be different. |
| Engagement | Using Social IT to involve stakeholders in the traditional business of the enterprise |
| Focus | When the organization targets a narrow segment of the market |
| Hypercompetition | The advantages in a market are rapidly crated an eroded |
| Innovation | Using social IT to identify, describe, prioritize, and create new ideas for the enterprise |
| IS strategy | The plan an organization uses to provide information services |
| Mission | A clear and compelling statement that unifies an organization's effort and describes what the firm is all about. |
| Organizational Strategy | The organizations design as well as the choices it makes to define, set up, coordinate, and control its work processes |
| Social Business Strategy | A plan of how the firm will use social IT, aligned with organization strategy and IS strategy. |
| Strategy | A coordinated set of actions to fulfill objectives, purposes, and goals |
Created by:
msammon23
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