Exam (elaborations)
CMIS 526 Exam with 60 Questions And 100% Correct Answers
- Course
- Institution
CMIS 526 Exam with 60 Questions And 100% Correct Answers
[Show more]
Seller
Follow
Content preview
CMIS 526 Exam with 60 Questions And100% Correct Answers
Porter's 2 strategy models Correct Ans ➡ competitive forces
value chain models
competitive forces Correct Ans ➡ 1- rivalry among existing firms 2-
threat of new entrants
3-bargaining power of buyers
4- threat of substitute products or services
5- bargaining power of suppliers
these forces will indicate the level of industry competitiveness
this model helps determine which of the forces may be the most important and which
specific technologies could be used to address these forces
can also be used to identify where to invest additional resources/capital
value chain models Correct Ans ➡ a process of analyzing an organization's activities to
determine where the value is added to the products/services and what costs are incurred for doing
so
,draw the value chain for the organization by Correct Ans ➡ fleshing out each activity,
function, and process where value SHOULD be added and where performance could
be improved
then layer on costs and the factors that drive the costs or that cause them to fluctuate
determine which activities need to be optimized to improve performance, cut costs, and then
gain or sustain competitive advantage
global business strategies Correct Ans ➡ home replication
global
multidomestic
transnational
home replication Correct Ans ➡ international business seen as extension of home
business
used in homogeneous markets
focuses on core business of home market
unable to react to local market conditions due to it being based on home market
global business strategy Correct Ans ➡ centralized organization with standardized
offerings across markets
used in homogeneous markets
standardized products allow for economies of scale
, inability to react to local market conditions
IS has centralized systems with multiple networks connecting all to the main office/hub
multidomestic business strategy Correct Ans ➡ federation of associated business units
decentralized
used in very heterogeneous markets
ability to quickly react to local conditions
differing product offerings limit economies of scale
limited integration limits knowledge sharing
IS is decentralized with two-way communication between office and subsidiaries with
local databases
transnational business strategy Correct Ans ➡ some aspects are centralized and others are
decentralized
networks are integrated and used in integrated global
markets can achieve benefits of multidomestic and global
strategies very complex and difficult to manage
IS has distributed and shared systems with linkages across the enterprise and common
data resources are utilized
the importance of revenue models Correct Ans ➡ a revenue model is how a firm will
earn revenue
generates profits and produce an investment on capital
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller KenAli. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.24. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79223 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now