Shared Flashcard Set

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1 - IS 491 || Chapter 2 Class Lecture
1 - IS 491 || Chapter 2 Class Lecture
19
Computer Science
Undergraduate 4
01/16/2019

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Cards

Term
What are IT Assets?
Definition
Infrastructure and Information Repository
Term
What are IT Capabilities?
Definition
Technical Skills

IT Management Skills

Relationship Skills
Term
What makes up IT Infrastructure?
Definition
Hardware, Software and company apps, Network, Data, Website, etc
Term
What is the information, technology, people and processes available to perform business processes and tasks?
Definition
Infrastructure
Term
What is data captured, organized and retrievable by the firm?
Definition
Data Repository
Term
What are the five competitive forces with potential strategic use of information resources?
Definition
Potential threats of new entrants, bargaining power of buyers, bargaining power of suppliers, threat of substitute products and industry competitors.
Term
What are the two broad categories of activities for Porter's Value Chain Model?
Definition
Primary and Support
Term
What relate directly to the value created in a product or service?
Definition
Primary Activities
Term
What makes it possible for the primary activities to exist and remain coordinated?
Definition
Support Activities
Term
In Porter’s Value Chain Model, competition can come from where?
Definition
Lower costs and/or adding value to product/service.
Term
The value chain model can be extended by linking many value chains into what?
Definition
Value System
Term
What is the sum of the actual and potential resources embedded within, available through and derived from the individual or firm's network of relationships?
Definition
Social Capital
Term
What form of Social Capital focuses on who is connected to who?
Definition
Structural
Term
What form of Social Capital focuses on how people interact?
Definition
Relational
Term
What form of Social Capital focuses on how people think and the impact of a shared language?
Definition
Cognitive
Term
What are inter-organizational relationship that affords one or more company a strategic advantage?
Definition
Strategic Alliances
Term
What is when companies compete and cooperate at the same time?
Definition
Co-Opetition
Term
Awakening a Sleeping Giant
Definition
Large competitor with deeper pockets may be nudged into implementing IS with even better features.
Term
Demonstrating Bad Timing
Definition
Customers are not ready to use the technology, designed to gain strategic advantage.
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