INFORMATION SYSTEMS TODAY
MANAGING IN THE DIGITAL WORLD
EXAM SCRIPT SOLVED QUESTIONS
ACCURATE ANSWER COLLECTION
●● Digital Firm
Answer: Organization where nearly all significant business processes
and relationships with customers, suppliers, and employees are digitally
enabled, and key corporate assets are managed through digital means
●● Business Processes
Answer: The unique ways in which organizations coordinate and
organize work activities, information, and knowledge to produce a
product or service
●● Key Corporate Assets
Answer: Intellectual property, core competencies, and financial and
human assets
●● Time Shifting
Answer: Refers to business being conducted continuously, 24/7,
rather than in narrow "work day" time bands of 9 A.M. to 5 P.M.
, ●● Space Shifting
Answer: Work takes place in a global workshop, as well as within
national boundaries
●● Six Strategic Business Objectives
Answer: 1. Operational Excellence
2. New Products, Services, and Business Models
3. Customer and Supplier Intimacy
4. Improved Decision Making
5. Competitive Advantage
6. Survival
●● Business Model
Answer: An abstraction of what an enterprise is and how the enterprise
delivers a product or service, showing how the enterprise creates wealth
●● Information Technology (IT)
Answer: All the hardware and software technologies a firm needs to
achieve its business objectives
●● Information System
MANAGING IN THE DIGITAL WORLD
EXAM SCRIPT SOLVED QUESTIONS
ACCURATE ANSWER COLLECTION
●● Digital Firm
Answer: Organization where nearly all significant business processes
and relationships with customers, suppliers, and employees are digitally
enabled, and key corporate assets are managed through digital means
●● Business Processes
Answer: The unique ways in which organizations coordinate and
organize work activities, information, and knowledge to produce a
product or service
●● Key Corporate Assets
Answer: Intellectual property, core competencies, and financial and
human assets
●● Time Shifting
Answer: Refers to business being conducted continuously, 24/7,
rather than in narrow "work day" time bands of 9 A.M. to 5 P.M.
, ●● Space Shifting
Answer: Work takes place in a global workshop, as well as within
national boundaries
●● Six Strategic Business Objectives
Answer: 1. Operational Excellence
2. New Products, Services, and Business Models
3. Customer and Supplier Intimacy
4. Improved Decision Making
5. Competitive Advantage
6. Survival
●● Business Model
Answer: An abstraction of what an enterprise is and how the enterprise
delivers a product or service, showing how the enterprise creates wealth
●● Information Technology (IT)
Answer: All the hardware and software technologies a firm needs to
achieve its business objectives
●● Information System
