A coordinated set of actions to fulfill objectives, purposes, and goals, whose essence is setting limits on what the business will seek to accomplish.

Is a clear and compelling statement that unifies an organization's effort and describes what the firm is all about.

A plan articulating where a business seeks to go and how it expects to get there. It is the means by which a business communicates its goals.

Results when the organization aims to be the lowest-cost producer in the marketplace.

Porter's Three Primary Strategies for Achieving Competitive Advantage

Cost Leadership, Differentiation, Focus

The organization will qualify its product or service in a way that allows it to appear unique in the marketplace.

Allows an organization to limit its scope to a narrower segment of the market and tailor its offerings to that group of customers.

Hyper competition model

Suggest that the speed and aggressiveness of the moves and countermoves in any given market create an environment in which advantages are rapidly created and eroded.

Organizational Strategy

Includes the organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes.

Identifies the crucial components of an organization's plan as its information/control, people, structure, and tasks.

Social Business Strategy

Is a plan of how the firm will use social IT, aligned with organization strategy and IS strategy. Including a vision of how the business would operate if it seamlessly and thoroughly incorporated social capabilities throughout the business.

Using social IT to extend the reach of stakeholders, both employees and those outside the enterprise walls.

Using social IT to involve stakeholders in the traditional business of the enterprise.

Using social IT to identify, describe, prioritize, and create new ideas for the enterprise.

Organizational, control, and cultural variables used by decision makers to effect changes in their organizations.

Is the plan an organization uses to provide information services and allows a company to implement its business strategy.

Management Information System (MIS)

Organized Integration of hardware and software technologies, data, processes, and human elements. Is designed to produce timely, integrated, relevant, accurate, an useful information.

Components of MIS (List)

Data, Database, Process, and Information

An input system that has internal and external sources.

Building a Social Business Strategy (List)

Collaboration, Engagement, and Innovation

Organizational Variables (List)

Decision rights, Business Processes, Formal Reporting Relationships, and informal networks.

Control Variables (List)

Availability of Data, Nature and Quality of Planning, Effectiveness of Performance Measurement and Eval Systems, and Incentives to do good work.

Comprise the values of the organization.

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IS Ch. 1 Def.

Wade IS Ch. 1

Term	Definition
Strategy	A coordinated set of actions to fulfill objectives, purposes, and goals, whose essence is setting limits on what the business will seek to accomplish.
Mission	Is a clear and compelling statement that unifies an organization's effort and describes what the firm is all about.
Business Strategy	A plan articulating where a business seeks to go and how it expects to get there. It is the means by which a business communicates its goals.
Cost Leadership	Results when the organization aims to be the lowest-cost producer in the marketplace.
Porter's Three Primary Strategies for Achieving Competitive Advantage	Cost Leadership, Differentiation, Focus
Differentiation	The organization will qualify its product or service in a way that allows it to appear unique in the marketplace.
Focus	Allows an organization to limit its scope to a narrower segment of the market and tailor its offerings to that group of customers.
Hyper competition model	Suggest that the speed and aggressiveness of the moves and countermoves in any given market create an environment in which advantages are rapidly created and eroded.
Organizational Strategy	Includes the organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes.
Business Diamond	Identifies the crucial components of an organization's plan as its information/control, people, structure, and tasks.
Social Business Strategy	Is a plan of how the firm will use social IT, aligned with organization strategy and IS strategy. Including a vision of how the business would operate if it seamlessly and thoroughly incorporated social capabilities throughout the business.
Collaboration	Using social IT to extend the reach of stakeholders, both employees and those outside the enterprise walls.
Engagement	Using social IT to involve stakeholders in the traditional business of the enterprise.
Innovation	Using social IT to identify, describe, prioritize, and create new ideas for the enterprise.
Managerial Levers	Organizational, control, and cultural variables used by decision makers to effect changes in their organizations.
IS Strategy	Is the plan an organization uses to provide information services and allows a company to implement its business strategy.
Management Information System (MIS)	Organized Integration of hardware and software technologies, data, processes, and human elements. Is designed to produce timely, integrated, relevant, accurate, an useful information.
Components of MIS (List)	Data, Database, Process, and Information
Data	An input system that has internal and external sources.
Building a Social Business Strategy (List)	Collaboration, Engagement, and Innovation
Organizational Variables (List)	Decision rights, Business Processes, Formal Reporting Relationships, and informal networks.
Control Variables (List)	Availability of Data, Nature and Quality of Planning, Effectiveness of Performance Measurement and Eval Systems, and Incentives to do good work.
Cultural Variables	Comprise the values of the organization.

Created by: sfrase

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