Exam (elaborations)
IFSM 300 Quiz 1 Questions And Answers Latest Update
- Course
- IFSM 300
- Institution
- Loyola University Of Maryland
IFSM 300 Quiz 1 Questions And Answers Latest Update
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Solution 2024/2025Pepper
IFSM 300 Quiz 1 Questions And Answers Latest
Update
According to the Five Forces Model developed by Harvard Business
professor Michael Porter, all of the following are major factors that
determine a company's standing in an industry, except for which one?
ANS✔✔ Threat of entry of new competitors
Bargaining power of suppliers
POLITICAL and/or economic factors
Threat of substitute products/services
Which of the following are critical in today's business world? (select all that
apply) ANS✔✔ Ability to identify business opportunities that can be
supported by information technology.
Identifying how an information system can provide competitive advantage
Understanding how organizations translate their high-level mission into
specific objectives and align with technology solutions
Understanding how businesses use technology for strategic advantage
True or false: Highly qualified vendors, consultants, and IT departments are
the most important elements for the successful implementation of
enterprise technologies. ANS✔✔ False
Identify the correct sequence of events in organizational strategic planning.
ANS✔✔ Mission, Environmental Analysis, Goals, Objectives
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