Exam (elaborations)

"The Ultimate ITM 707 Final Exam Review: Mastering Information Systems, Strategy, and Case Analysis"

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Course
ITM707

Institution
Ryerson University (Ru )

Ace your ITM 707 Final Exam with this **Ultimate Review Guide**, your ticket to mastering information systems and business strategy! This comprehensive resource combines practical frameworks like **Porter’s Five Forces**, the **IS Strategy Triangle**, and SWOT analysis with real-world case studie...

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Uploaded on January 23, 2025
Number of pages 22
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ITM 707
FINAL EXAM REVIEW

Case Analysis Overview

• Purpose: Develops critical thinking by simulating real-world problem-solving.
• Skills Developed:
o Analytical thinking
o Decision-making
o Communication (oral & written)
o Time management
o Creativity

Case Analysis Method (Harvard Publishing Framework)

1. Getting Oriented
o Understand the big picture.
o Identify the case type (decision, problem, evaluation).
o Draft a preliminary problem statement based on initial observations.
o Ask: What is happening? Why? To whom? What’s the evidence?
o Analyze from the protagonist's perspective: What would I do in this situation?
2. Identifying Problems
o Refine the problem statement after a detailed review.
o Categorize evidence (e.g., financial issues, market context).
o Separate symptoms (specific) from broader issues (general).
o Prioritize issues based on their importance to outcomes.
3. Performing Analyses
o Use diagrams (e.g., boxes-and-arrows) to identify relationships.
o Look for trends, patterns, and gaps in data.
o Apply relevant frameworks to organize and interpret findings.
o Focus on root causes rather than symptoms.
o Stop analyzing when the problem statement stabilizes.
4. Action Planning
o Recommend solutions with short-, medium-, and long-term steps.
o Ensure recommendations align with evidence and case constraints.
o Include potential challenges and how to overcome them.
o Be explicit about assumptions and alternative approaches.

Key Frameworks for Analysis

1. Porter’s Five Forces:

, o Competitive Rivalry
o Threat of New Entrants
o Bargaining Power of Suppliers
o Bargaining Power of Customers
o Threat of Substitutes
2. SWOT Analysis:
o Strengths
o Weaknesses
o Opportunities
o Threats
3. Root Cause Analysis:
o Focus on underlying issues using the "5 Whys" technique.
4. Decision Trees:
o Evaluate options and outcomes to support decision-making.

Eras Model (Technology Evolution)

• Recognizes five revolutions in technology, from the Industrial Revolution to the Digital Revolution.
• Shows how shifts in tech have fundamentally transformed business operations.

CIO Role

• Types:
o Pilots: Leaders in strategy.
o Co-Pilots: Collaborative innovators.
o Flight Engineers: Technological support.
• Focus Areas: Cloud infrastructure, data analytics, AI.

Case Guidelines

1. Structure:
o Background: 1–5%
o Issues: 9–15%
o Analysis: 50–55%
o Recommendations: 30–35%
2. Focus on:
o Specific issues and their analysis.
o Evidence-driven arguments.
o Cause-effect relationships.
o Realistic, actionable recommendations.
3. Avoid:
o Pure summaries or opinions.

, o Recommendations unsupported by analysis.
o Disconnection from course concepts.

Examples

• YouTube (2006):
o Issues: Revenue generation to cover costs.
o Framework: Porter’s Five Forces.
o Recommendations:
§ Differentiation through premium content.
§ Revenue models: advertising, subscriptions, and sales.

Core Concepts

Information Systems (IS) vs. Information Technology (IT)

• IT: Technology tools (hardware, software, and networks) that process and store information.
• IS: Broader systems including Technology (what), People (who), and Processes (how) working
together to manage information.

Why IT/IS is Strategic for Management

• IT/IS integrates deeply with business strategy.
• It enables innovation, efficiency, and competitive advantage.
• Poor alignment between IT/IS and business strategy leads to inefficiencies or misaligned goals.

Digital Transformation vs. Digital Innovation

• Transformation: Rethinking entire business models using digital technologies (e.g., Uber redefining
transportation).
• Innovation: Creating new products, processes, or services with digital tools (e.g., personalized AI-
driven recommendations).

Strategic Importance

• IT impacts every business function (e.g., marketing, supply chain).
• The evolving role of the CIO (Chief Information Officer) highlights a shift from IT-focused tasks to
strategic collaboration.

IS Strategy Triangle

• Definition: Aligns three components:
o Business Strategy: Vision and goals for market success.

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Exam (elaborations)

**"The Ultimate ITM 707 Final Exam Review: Mastering Information Systems, Strategy, and Case Analysis"**

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