Questions and CORRECT Answers
What does BT stand for? What does it deliver? - CORRECT ANSWER✔✔- BT = Business
technology
- application of IT
- delivers a business capability or automate a business operation
Business Technology can be thought of as the result of _______________________,
_____________, ______________, and using _______ to produce a _______________ -
CORRECT ANSWER✔✔- configuring, implementing, applying, and using IT to produce a
business result
What is BTM? - CORRECT ANSWER✔✔- is a set of processes and services that unite BT
and BM strategies to extract total business technology potential
What does BTM stand for? - CORRECT ANSWER✔✔- Business technology management
Why do we need to study BTM? - CORRECT ANSWER✔✔- - changes in fast paced world
of business
- technology is the heart of everything
How does one become a digital leader? - CORRECT ANSWER✔✔- Must develop new
skills to effectively guide their organization into the uncertain future of the digital age
Name 3 traits a digital leader has - CORRECT ANSWER✔✔- Direction, Innovation,
Execution
Why do new leaders need to understand technology? - CORRECT ANSWER✔✔- -
Companies lack qualified leaders to effectively lead companies during digital disruption
- maturing companies far likely to take action and develop leaders who can lead technology
, How is digital Business different? - CORRECT ANSWER✔✔- - requires companies to react
faster than ever before
- speed allows new competitors to enter market easily
What are the challenges of competing in a digital environment? - CORRECT ANSWER✔✔-
- big companies driven by fear of failure if they try to experiment
- early stage companies overestimate technological component of digital maturity
- maturing companies regard the challenges in organizational terms
What are the 4 critical dimensions of BTM? - CORRECT ANSWER✔✔- 1. Business
processes
2. Organizational structure
3. Data and Information
4. Technology
What processes must be evaluated to effectively implement BTM? - CORRECT
ANSWER✔✔- -efficiency - doing things right
(little redundancy)
- effectiveness - doing the right things
List 3 traits for an organizational structure - CORRECT ANSWER✔✔- roles,
responsibilities, decision rights
Organizational structures generally include the following: - CORRECT ANSWER✔✔-
Participative bodies
Centralized bodies
Needs-based bodies
What are participative bodies? - CORRECT ANSWER✔✔- involve senior-level business
and technology participants on a part time but routine basis
i.e IT guys that come every other week