Verifed Ace the Test
Business Environment Factors that create pressure on organizations -
ANSWER ✔✔Markets, Consumer demands, Technology and Societal
Markets - ANSWER ✔✔Strong competition, Expanding global
markets, booming electronic markets on the Internet, Innovative
marketing methods, Opportunities for outsourcing with IT support, Need
for real time, on demand transactions.
Consumer demands - ANSWER ✔✔Desire for customization, quality,
diversity, speed of delivery. Customers getting powerful and less loyal
Technology - ANSWER ✔✔Increasing obsolescence rate, information
overload, social networking, web 2.0 and beyond
, Societal - ANSWER ✔✔Growing government regulations and
deregulation. Workforce more diversified, older, and composed of more
women. Prime concerns of homeland security and terrorist attacks.
Necessity of Sarbanes-Oxley Act and other reporting-related legislation.
Increasing social responsibility of companies. Greater emphasis on
sustainability.
Business Pressures-Responses-Support Model - ANSWER
✔✔Business Pressures that result from today's business climate.
Responses by companies to counter the pressures. Computerized
support that facilitates the monitoring of the environment and enhances
response.
Organizational Responses - ANSWER ✔✔Reactive, Anticipative,
Adaptive and Proactive
BI (Business intelligence) - ANSWER ✔✔Umbrella term that
combines architectures, tools, databases, analytical tools, applications
and methodologies.
List the steps of intelligence creation and use: - ANSWER
✔✔Analysis. Production. Dissemination. User. Requirement/Feedback.
Planning/tasking. Collection. Processing/Exploitation.