Management Information Systems, 12e (Laudon) Chapter 1 Information Systems in Global Business Today

a. If the company had a goal of increasing sales by 25% over a five-year period, did it meet its objectives? No

A business model is an important and integral part of the business a strategy of any firm whether big or small. The way a business model is developed determines and indicates the values, ethics and principles on the lines of which the business at large will be operating. It also indicates how the business is going to function and covers various internal and external dimensions of a business and the organization as a whole.

z. P2) High profits are the signal that consumers want more of the output of the industry.

2. Stagnation in innovation is a failure for almost any business. With technology always moving forward at a fast rate, it is

25. The main challenge to ebusiness is the lack of growth in some sectors due to product or service _________.

D. defining some broad product-markets where you may be able to operate profitably 17) The product life cycle

31. An organization creates a competitive advantage by creating less value for its customers than does its competition. 
True    False

Speedup time to market. Because there are more people involved the process of innovation is faster

The major elements are cost efficiency, eliminating wastes, and researching future IT investments. In the IT Doesn’t Matter article, three main points were outlined, and they were spend less, follow, don’t lead, and focus on vulnerabilities, not opportunities. Overspending has always been a major issue in regards to applying new technology, and it is important to execute an IT budget for any organization. Office Depot adopted new technology to improve all of their operations, especially in the supply chain. They were able to increase efficiency, while modernizing their budget. Information technology can benefit any organization if they are researched thoroughly and will improve the business needs of the organization. If it will not improve the business needs, there is no need to invest in expensive technology. The most important phase in the system development life cycle is the systems analysis phase. The goal of this phase is to identify what problems need to be fixed and breaking down how the system will benefit all users. Therefore, the business needs need to be identified and outlined before new technology is adopted into an organization’s business model. Once new technology is applied, organizations must continue to research information technology. If organizations follow these elements of

B. Allows a firm to perform different activities than its rivals with greater value creation

Stores are limited by the amount of stock they can hold, this can decrease sales by not fulfilling customer’s needs while they are in the store. To deter this companies rely on ordering merchandise for the customer. JCP is not different in this respect. Orders are made through the POS on www.jcp.com. There is often a larger variety of merchandise on-line vs. in-store because the JCP website is not as limited by physical space as a traditional store environment. To make an order an associate will open the web browser on the POS and search for the item in question, once found the item is selected in color and/or size the customer needs. After the item is chosen the associate goes to the check out link and clicks the link. This will take the associate to an in-store application that will ask for the customers billing information. When the customers billing info has been properly input then the payment process begins. For the item to be shipped the item must be paid in full. This can either be done as cash or credit. After payment a receipt with the customer’s billing info and a description of the item purchased is given to the customer to bring when their item arrives in-store.

15) Which of the following is an example of a competitive strategy employed by a firm?

Management level uses the business model to establish the strategies for the company’s operation and thus create competitive advantage over the company’s rivals and make more profit.

D. Identify and briefly describe the three things that companies need to be good at in order to

However, this paper chooses this definition as theoretical perspective of analysis for this paper subject to the following modifications: A business model is overall framework and philosophy by which a company (intends or) creates value in the market place through enhancement of its own combination of raw or in-put materials to create products (tangible and intangible including services), product packaging and systematic distribution in order to generate some or the best possible profit.