CIBS (Chapter 3)

According to the slide titled "CHAPTER 3 - PART 2: INFORMATION SYSTEMS, ORGANIZATION AND STRATEGY," which three key topics are introduced in this section?

• Information Systems, Organizational Strategy, and Competitive Advantage

• Marketing Mix, Financial Accounting, and Leadership

• Supply Chain Management, Operations Research, and Ethics

• Macroeconomics, Business Law, and Human Resources

In the diagram titled “PORTER’S COMPETITIVE FORCES MODEL,” which of the following is NOT one of the labeled forces surrounding “The Firm” and “Competitors”?

• New market entrants

• Substitute products

• Suppliers

• Government regulators

According to the slide on TRADITIONAL COMPETITORS in Porter’s Competitive Forces Model, which of the following best describes how firms compete?

• They avoid introducing new products to reduce costs

• They share market space and continuously devise more-efficient ways to produce, introduce new products and services, and attract customers by developing brands and imposing switching costs

• They primarily focus on lowering wages to gain market share

• They rely on government regulation to eliminate rivals

According to Porter’s Competitive Forces Model, which example best illustrates a substitute product or service?

• Internet and wireless telephone service replacing traditional telephone service

• Manufacturers of laptop PCs sourcing keyboards from multiple competing suppliers

• Customers competing on price alone in a transparent marketplace

• A firm raising prices faster than its suppliers

Fill in the blank: The more different suppliers a firm has, the greater control it can exercise over suppliers in terms of price, quality, and (a)   .

According to the slide titled "IMPACT," how does the Internet affect customers’ bargaining power?

• It reduces customers’ access to price and product information, shifting power to suppliers

• Availability of global price and product information shifts bargaining power to customers

• It eliminates the need for distributors and intermediaries, concentrating power with producers

• It widens the geographic market, increasing the number of competitors and reducing differences among them

According to the title slide shown, which three advanced strategic concepts are introduced together for competitive advantage?

• Synergies, Core Competencies, and Network-Based Strategies

• Leadership, Strategy, and Teamwork

• Planning, Ideas, and Leadership

• Management Information Systems, Finance, and Marketing

Fill in the blank based on the "CORE COMPETENCIES" slide: A core competency is (a)   .

Network Economics is defined as market situations where the economic value being produced depends on the number of people using a product. Based on the example provided, why does email have value?

• Because it reduces production costs through automation

• Because it allows us to communicate with millions of others

• Because it is regulated by government policies

• Because it guarantees data privacy by default

Fill in the blank: A virtual company, also known as a virtual organization, uses networks to link people, assets, and ideas, enabling it to ally with other companies to create and distribute products and services without being limited by traditional organizational (a)   or physical locations.