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The situation in which a company's current and emerging business strategy is enabled and supported yet unconstrained by technology; The balance between organizational strategy, IS strategy, and business strategy. - ANSWERAlignment Using social IT to extend the reach of stakeholders, both employees and those outside the enterprise walls. Social IT such as social networks enable individuals to find and connect with each other to share ideas, information, and expertise. - ANSWERCollaboration A business strategy where the organization aims to be the lowest‐cost producer in
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The situation in which a company's current and emerging business strategy is enabled and supported yet unconstrained by technology; The balance between organizational strategy, IS strategy, and business strategy. - ANSWERAlignment Using social IT to extend the reach of stakeholders, both employees and those outside the enterprise walls. Social IT such as social networks enable individuals to find and connect with each other to share ideas, information, and expertise. - ANSWERCollaboration A business strategy where the organization aims to be the lowest‐cost producer in the marketplace. - ANSWERCost Leadership HELP! - ANSWERCreative Destruction A business strategy where the organization qualifies its product or service in a way that allows it to appear unique in the marketplace. - ANSWERDifferentiation A business strategy inspired by the capabilities of powerful, readily accessible digital technologies (like social media, analytics, cloud, and Internet of Things), intent on delivering unique, integrated business capabilities in ways that are responsive to constantly changing market conditions. - ANSWERDigital Strategy HELP! - ANSWERRed Ocean Strategy A plan of how the firm will use social IT to engage, collaborate, and innovate. The social business strategy is aligned with organization strategy and IS strategy; includes a vision of how the business would operate if it seamlessly and thoroughly incorporated social and collaborative capabilities throughout the business model. - ANSWERSocial Business Strategy A coordinated set of actions to fulfill objectives, purposes, and goals. - ANSWERStrategy HELP! - ANSWERDynamic Capabilities Using social IT to involve stakeholders in the traditional business of the enterprise. Social IT such as communities and blogs provide a platform for individuals to join in conversations, create new conversations, offer support to each other, and other activities that create a deeper feeling of connection to the company, brand, or enterprise. - ANSWEREngagement
A business strategy where the organization limits its scope to a narrower segment of the market and tailors its offerings to that group of customers. This strategy has two variants: cost focus, in which the organization seeks a cost advantage within its segment, and differentiation focus, in which it seeks to distinguish its products or services within the segment. This strategy allows the organization to achieve a local competitive advantage, even if it does not achieve competitive advantage in the marketplace overall. - ANSWERFocus A theory about industries and marketplaces that suggests that the speed and aggressiveness of moves and countermoves in any given market create an environment in which advantages are quickly gained and lost. A hypercompetitive environment is one in which conditions change rapidly. - ANSWERHypercompetition The framework connecting business strategy, information system strategy, and organizational systems strategy. - ANSWERInformation Systems Strategy Triangle Using social IT to identify, describe, prioritize, and create new ideas for the enterprise. Social IT offer the community members a forum to suggest new ideas, comment on other ideas, and vote for their favorite idea, giving managers a new way to generate and decide on products and services. - ANSWERInnovation The technology (hardware, software, networking, data), people, and processes that an organization uses to manage information. - ANSWERIS Strategy Organizational, control, and cultural variables that are used by decision makers to effect changes in their organizations. - ANSWERManagerial Levers A clear and compelling statement that unifies an organization's effort and describes what the firm is all about (i.e., its purpose). - ANSWERMission A software program designed to facilitate a specific practical task, as opposed to control resources. Examples include Microsoft Word, a word processing application; Excel, a spreadsheet application; and SAP R/3, an enterprise resource planning application. Contrast to operating system. - ANSWERApps A business strategy in which firms try to find new marketspaces where they have the "water" to themselves. That is, they enter a marketspace(s) where the goal is not to beat the competition, but to make it irrelevant. - ANSWERBlue Ocean Strategy The blueprint of how a company does business. - ANSWERBusiness Model A plan that answers the question "How will the company organize to achieve its goals and implement its business strategy? includes the organization's design as well as the choices it makes to define, set up, coordinate, and control its work processes. - ANSWEROrganizational Strategy