Term
Information Systems Strategy Triangle |
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Definition
relates BUSINESS STRATEGY with IS STRATEGY and ORGANIZATIONAL STRATEGY |
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Term
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situation in which a company's current and emerging business strategy is enabled, supported, and unconstrained by technology |
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Technology not only enables buiness strategy but also anticipates and shapes future business strategy |
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Exhibiting a state in which business strategy and technology strategy are intertwined and the leadership team members operate interchangeably |
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coordinated set of actions to fulfill objectives, purposes, and goals |
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clear & compelling statement that unifies an organization's effort and describes what the firm is all about (i.e. its purpose) |
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plan articulating where a business seeks to go and how it expects to get there |
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Porter's Generic Strategies |
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Three Primary strategies for ACHIEVING COMPETITIVE ADVANTAGE:
COST LEADERSHIP
DIFFERENTIATION
FOCUS |
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Organization aim's to be the lowest-cost producer in the marketplace |
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The organization qualifies its product or service in a way that allows it to appear unique in the marketplace |
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allows an organization to limit its scope to a narrower segment of the market and tailor its offerings to that group of customers |
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holds that the TIMING of the use of SPECIALIZED KNOWLEDGE can create a differentiation advantage as long as the knowledge remains unique |
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Unlimited Resources Model |
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utilizes a large base of resources that allows an organization to outlast competitors by practicing a differentiation strategy.
DEEP POCKET STRATEGY
short term advantage only |
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Term
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the speed and aggressiveness of the moves and countermoves in any given market create an environment in which advantages are rapidly created and eroded.
See D'Aveni's hypercompetition model (7 S's) |
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Term
D'Aveni's Disruption Framework |
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Definition
Signalling strategic intent
superior stakeholder satisfaction
shifting rules of competition
positioning for surprise
positioning for speed
strategic soothsaying
simultaneous and sequential strategic thrusts |
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Term
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Definition
Organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes |
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identifies the crucial components of an organization's plan as its
BUSINESS PROCESSES
TASKS & STRUCTURES
MANAGEMENT & MEASUREMENT SYSTEMS
VALUES & BELIEFS |
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used by decision makers to effect changes in their organizations
ORGANIZATIONAL VARIABLES
CONTROL VARIABLES
CULTURE VARIABLES |
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plan an organization uses to provide information services. |
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Term
Information Systems Strategy Matrix |
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Definition
relates the 4 infastructure components and the other resource considerations that are key to the IS Strategy:
HARDWARE SOFTWARE NETWORKING DATA |
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Term
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the available data, technology, people, and processes within an organization to be used by the manager to perform business processes and tasks |
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anything, tangible or intangible, that can be used by a firm in its processes for creating, producing, and/or offering its products |
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something that is learned or developed over time for the firm to create, produce, or offer its products.
Makes it possible for the firm to use its IT assets effectively. |
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Term given to the Internet and its applications that support collaboration, social networking, social media, RSS, mashups, and a number of other information sharing tools |
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3 Major categories of IT capabilities |
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Definition
TECHNICAL SKILLS IT MANAGEMENT SKILLS
RELATIONSHIP SKILLS |
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Base foundation of the IT portfolio shared through the firm
(hardware, software, network, data, web based services) |
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Data that is logically related and organized in a structured form accessible and usable for decision making purposes |
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Ability applied to designing, developing, and implementing information systems |
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Ability to manage IT function and IT projects |
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Ability of IS specialists to work with parties outside the IS department |
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the value of a network node to a person or organization in the network increases when another joins the network |
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Porter's 5 competitive forces model |
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Definition
major influences in a firm's competitive environment:
POTENTIAL THREATS OF NEW ENTRANTS
BARGAINING POWER OF BUYERS BARGAINING POWER OF SUPPLIERS
THREAT OF SUBSTITUTE PRODUCTS
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Term
Porter's Value chain model |
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Definition
addresses activities that create, deliver, and support a product or service.
PRIMARY ACTIVITIES
SUPPORT ACTIVITIES
*suggests that competitions stems from LOWERING THE COSTS TO PERFORM ACTIVITIES & ADDING VALUE TO A PRODUCT OR SERVICE SO BUYERS WILL PAY MORE |
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Create a stronghold by offering products or services that are difficult to displace in the eyes of customers based on apparently unique features |
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Make it less attractive for customers to purchase from competitors
*information resources can build switching costs* |
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relate directly to the value created in a product or service |
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make it possible for the primary activities to exist and remain coordinated |
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Customer Relationship Management (CRM) |
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A coordinated set of activities designated to learn more about a customers' needs and behaviors to develop stronger relationships with them and to enhance their value chains.
Management activities performed to obtain, enhance relationships with, and retain customers. |
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Supply Chain Management (SCM) |
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Definition
an approach that improves the way a company finds raw components it needs to make a product or service, manufactures that product or service, and delivers it to customers |
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Resource-based view (RBV) |
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view maintains that competitive advantage comes from the information and other resources of the firm.
Concentrates on what adds value to the firm. |
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an interorganizational relationship that affords one or more companies in the relationship a strategic advantage |
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individuals in two or more companies talk with one another and try to understand what each individual is seeking--both as a representative of a company and also as a person with individual goals |
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Formal or informal agreements tha call for one party to deliver a product or service and to receive payment in return |
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the product is delivered and payment is received |
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both parties assess what happened during negotiating, whether successful, whether worth repeating |
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strategy whereby companies cooperate and compete at the same time with companies in its value net |
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company
competitors
complementors
customers
suppliers |
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the organization's design &
managerial choices that define, set up, coordinate, and control work processes |
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4 primary components of an organization |
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Definition
Business Processes
Tasks & Structures
Management and Measurement Systems
Values & Beliefs |
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indicate who in the organization has the responsibility to initiate, supply information for, approve, implement, and control various types of decisions |
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Formal reporting relationships |
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structure set up to ensure coordination among all units within the organization;
reflects allocation of decision rights |
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Mechanisms, such as ad hoc groups, which work to coordinate and transfer information outside the formal reporting relationships |
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the facts collected, stored, and used by an organization |
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The processes by which future direction is established, communicated, and implemented |
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Performance measurement and evaluation |
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set of measures that are used to assess success in the execution of plans and the processes by which such measures are used to improve the quality of work |
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monetary and nonmonetary devices used to motivate behavior within an organization |
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set of implicit and explicit beliefs that underlies decisions made and actions taken;
reflects aspirations about the way things should be done |
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organizational form based onthe concepts of division of labor, specialization, and unity of command.
Decision rights are highly specified and centralizes.
Middle Managers |
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structure that groups common activities together |
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cuts across functional lines and, instead, organizes according to outputs. |
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Flat Organizational structure |
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decision making is centralizes
power residing in owner or founder
respond quickly
decision rights may not be clearly defined |
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Matrix Organizational Structure |
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Definition
assigns workers to two or more supervisors in an effort to make sure multiple dimensions of the business are integrated
Each supervisor directs a different aspect of an employee's work
Frustrating or Confusing |
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Networked Organizational Structure |
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Definition
Both Flat and Hierarchical
Formal and informal communication networks
highly decentralized decision making rights
utilize distributed information and communication systems
share knowledge and experience |
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Definition
technology based/orientted
work is coordinated automatically
Technology integrated with all components of the business |
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Management Control Process |
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Definition
Data Collection
Evaluation
Communication |
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shared set of values and beliefs about what is desirable and undesirable in a community of people |
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perceptions that people hold about how things are done in their community |
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reflect the community's aspirations about the way things should be done |
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Global Leadership and Organizational Behavior Effectiveness research program |
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uncertainty avoidance
power distance
collectivisom 1: societal collectivism
collectivism 2: In-Group collectivism
General Egalitarianism
assertiveness
future orientation
performance orientation
humane orientation |
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Results Only Work Environment
flextime strategy best buy |
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structure that makes it possible for individuals to work for an organization and live anywhere
NETWORKED (everyone has access to everyone else's work) |
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E-Mail
a way of transmitting messages over communication networks |
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Users subscribe
when a user sends a message to the server a copy of the message is sent to everyone on the list |
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comprised of information used EXCLUSIVELY with A company and unavailable to the general public via the internet
(i.e. MyNova) |
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Internet Protocol (IP) based application that provides convenient communication between people using a variety of different device types, including computer-to-computer and mobile devices |
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Voice Over Protocol (VoIP) |
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method for taking analog and audio signals and turning them into digital data that can be transmitted over the internet |
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set of interactive telecommunication technologies which allow two or more locations to interact via two-way video and simultaneous audio |
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Unified Communications (UC) |
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evolving communications technology architecture which automates and unifies all forms of human and device communications in context and with a common experience |
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Really Simple Syndication (RSS) |
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refers to a structured file format for porting data from one platform or information system to another |
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Extensible Markup Language |
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Virtual Private Network (VPN) |
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private network that uses a public network such as the Internet to connect remote sites or users |
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Secure Socket Layer (SSL) |
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Definition
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transferring a copy of a file from one computer to another on the Internet |
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Web-based service that allows its members to create a public profile with their interests and expertise, post text and pictures and all manner of data, list other users with whom they share a connection, and view and communicate openly or privately within the system |
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computer-based simulated environment intended for its users to inhabit and interact via avatars |
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(BLOGS)
online journals that link together into a very large network of information sharing |
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software that allows users to work collaboratively to create, edit, and link web pages easily
those with access to the wiki can contribute or modify the content |
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software that enables group members to work together on a project, even from remote locations, by allowing them to simultaneously access the same files |
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Electronic Employmee Monitoring |
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Replaces direct supervision by automatically tracking certain activities |
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work arrangements with employers that allow employees to work from home, at a constomer site, or from other convenient locations instead of coming into the corporate office |
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work from wherever they are |
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foreign outsourcing of software development and computer services |
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geographically and/or organizationally dispersed coworkers that are assembled using a combination of telecommunications and information technologies to accomplish an organizational task |
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