CIS 505 Exam 1 Notes Study Guide 2025 Questions and Answers 100%
Accuracy | 2025 LATEST UPDATED
What is a business strategy? - (answers)a plan articulating where a business seeks to go and how
it expects to get there; means by which a business communicates its goals
What are Porter's 3 competitive advantage strategies? - (answers)1) Cost leadership (when the
organization aims to be the lowest-cost producer in the marketplace; 2) Differentiation
(Organization offers its product or service in a way that appears unique to the marketplace); 3)
Focus (allows an org to limit its scope to a narrower segment of the market and tailor its
offerings to that group of consumers)
What are dynamic strategies? - (answers)Means of orchestrating a firm's resources in the face of
你是想要一篇“眼睛容易阅读的”
turbulent environments (rapidly changing environments)
中文文章，还是一篇关于“眼睛”
主题的中文文章？
What is organizational strategy? - (answers)Includes the organization's design as well as the
choices it makes to define, set up, coordinate, and control its work processes
What is Information system (IS) strategy? - (answers)A plan an organization uses to provide
information services
, What are the four components of the IS strategy matrix? - (answers)1) Platform (the
"orchestrator" that calls into action apps that record, report, or transform data); 2) Applications
(the components that generally work on a particular platform); 3) Networking (platform and app
components for local or long-distance networking; 4) Electronic representation of facts or
observations
What are IT assets? - (answers)IT infrastructure (platforms, company apps, network, data,
website); Information repository (customer information, employee information, marketplace
information, vendor information)
What are IT capabilities? - (answers)Technical skills (proficiency in systems analysis,
programming & web design skills, data analyst/scientist skills, etc.); IT management skills
(business process knowledge, ability to evaluate technology options, project management skills,
你是想要一篇“眼睛容易阅读的”
envisioning innovative IT solutions); Relationship skills (spanning skills such as business-IT
中文文章，还是一篇关于“眼睛”
主题的中文文章？
relationship management, external skills such as vendor-management)
Porter's 5 Forces Model - (answers)Bargaining power of customers, threat of substitutions,
bargaining power of suppliers, threat of new entrants, rivalry
Porter's Value Chain Model - (answers)inbound logistics, operations, outbound logistics,
marketing and sales, service
Accuracy | 2025 LATEST UPDATED
What is a business strategy? - (answers)a plan articulating where a business seeks to go and how
it expects to get there; means by which a business communicates its goals
What are Porter's 3 competitive advantage strategies? - (answers)1) Cost leadership (when the
organization aims to be the lowest-cost producer in the marketplace; 2) Differentiation
(Organization offers its product or service in a way that appears unique to the marketplace); 3)
Focus (allows an org to limit its scope to a narrower segment of the market and tailor its
offerings to that group of consumers)
What are dynamic strategies? - (answers)Means of orchestrating a firm's resources in the face of
你是想要一篇“眼睛容易阅读的”
turbulent environments (rapidly changing environments)
中文文章，还是一篇关于“眼睛”
主题的中文文章？
What is organizational strategy? - (answers)Includes the organization's design as well as the
choices it makes to define, set up, coordinate, and control its work processes
What is Information system (IS) strategy? - (answers)A plan an organization uses to provide
information services
, What are the four components of the IS strategy matrix? - (answers)1) Platform (the
"orchestrator" that calls into action apps that record, report, or transform data); 2) Applications
(the components that generally work on a particular platform); 3) Networking (platform and app
components for local or long-distance networking; 4) Electronic representation of facts or
observations
What are IT assets? - (answers)IT infrastructure (platforms, company apps, network, data,
website); Information repository (customer information, employee information, marketplace
information, vendor information)
What are IT capabilities? - (answers)Technical skills (proficiency in systems analysis,
programming & web design skills, data analyst/scientist skills, etc.); IT management skills
(business process knowledge, ability to evaluate technology options, project management skills,
你是想要一篇“眼睛容易阅读的”
envisioning innovative IT solutions); Relationship skills (spanning skills such as business-IT
中文文章，还是一篇关于“眼睛”
主题的中文文章？
relationship management, external skills such as vendor-management)
Porter's 5 Forces Model - (answers)Bargaining power of customers, threat of substitutions,
bargaining power of suppliers, threat of new entrants, rivalry
Porter's Value Chain Model - (answers)inbound logistics, operations, outbound logistics,
marketing and sales, service
