Strategic Management and Value Chain Analysis Essay

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Chapter 01 Management Information Systems: Business Driven MIS True / False Questions 1. Companies today are successful when they combine the power of the information age with traditional business methods. True False 2. Competitive intelligence is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decision making. True False 3. The information age is the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. True False 4. Technology provides countless business opportunities, but can also lead to pitfalls and…show more content…
Tiffany & Company is following a broad market and cost leadership strategy. True False 26. Porter has identified three generic business strategies including focused, broad cost leadership, and switching strategy. True False 27. According to Porter's three generic strategies, Walmart is following a business strategy that focuses on ‘broad market and low cost'. True False 28. Value chain analysis views a firm as a series of business processes that each adds value to the product or service. True False 29. A standardized set of activities that accomplish a specific task is called a supply chain component. True False 30. The value chain will group a company's activities into two categories: primary value activities and support value activities. True False Multiple Choice Questions 31. Which of the following is not considered a core driver of the information age? A. Information. B. Business Intelligence. C. Competitive Intelligence. D. Data. 32. Which of the following is not included as one of Friedman's 10 forces that flattened the world? A. Systems Thinking. B. Outsourcing. C. Informing. D. Supply Chaining. 33. Why do students need to study information technology? A. Information technology is everywhere in business B. Information technology is rarely discussed in business C. Information technology is rarely used in organizations D.
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