OMIS 350 Baldwin Test 1 Personal
How are information systems transforming business? - correct answer ✔1.
Emerging mobile digital platforms (Cell/laptop/ipad)
2. Growing Business use of "big data"
3. Growth in Cloud Computing(store info/share files)
Is the firm digital? - correct answer ✔1. Relationships digitally enabled
2. Core Business accomplished through digital networks
3. Key Corporate Assets managed digitally (Trade secret, patent, copyright)
Digital firms offer greater flexibility in organization and management by -
correct answer ✔time shifting and space shifting
Ability to use information technology and implement corporate strategies and
achieve corporate goals suggests a - correct answer ✔Growing
interdependence
What is a digital firm? - correct answer ✔Nearly all the organization's
significant business relationships with customers, suppliers, and employees
are digitally enabled and key corporate assets are managed through digital
means
Why do Business firms invest heavily in information? - correct answer ✔to
achieve six strategic business objectives
What are the six strategic business objectives? - correct answer ✔1.
Operational Excellence
2. New Products, Services, and business models
, 3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
Operational Excellence - correct answer ✔Improvement of efficiency to attain
higher profitability. Different information systems/technology. Ex... Walmart's
retail link that links suppliers to stores for replenishment
New Products/Services/Business models - correct answer ✔Describes how
company produces , delivers, and sells product or service to create wealth
Customer and Supplier Intimacy - correct answer ✔Getting to know
customer through computer tracking (Hotels and JCPenny)
Improved decision making - correct answer ✔Real time data on customers
complaints, network performance, line outage, and so on
Competitive Advantage - correct answer ✔1. Delivers better performance
2. Charging less for better product
3.Responding to customers and suppliers real time
Survival - correct answer ✔information tech as necessity of business (ATM)
Information System - correct answer ✔1. Set of interrelated components
2. *Collect, process, store, and distribute info*
3. Support decision making, coord, and control
How are information systems transforming business? - correct answer ✔1.
Emerging mobile digital platforms (Cell/laptop/ipad)
2. Growing Business use of "big data"
3. Growth in Cloud Computing(store info/share files)
Is the firm digital? - correct answer ✔1. Relationships digitally enabled
2. Core Business accomplished through digital networks
3. Key Corporate Assets managed digitally (Trade secret, patent, copyright)
Digital firms offer greater flexibility in organization and management by -
correct answer ✔time shifting and space shifting
Ability to use information technology and implement corporate strategies and
achieve corporate goals suggests a - correct answer ✔Growing
interdependence
What is a digital firm? - correct answer ✔Nearly all the organization's
significant business relationships with customers, suppliers, and employees
are digitally enabled and key corporate assets are managed through digital
means
Why do Business firms invest heavily in information? - correct answer ✔to
achieve six strategic business objectives
What are the six strategic business objectives? - correct answer ✔1.
Operational Excellence
2. New Products, Services, and business models
, 3. Customer and supplier intimacy
4. Improved decision making
5. Competitive advantage
6. Survival
Operational Excellence - correct answer ✔Improvement of efficiency to attain
higher profitability. Different information systems/technology. Ex... Walmart's
retail link that links suppliers to stores for replenishment
New Products/Services/Business models - correct answer ✔Describes how
company produces , delivers, and sells product or service to create wealth
Customer and Supplier Intimacy - correct answer ✔Getting to know
customer through computer tracking (Hotels and JCPenny)
Improved decision making - correct answer ✔Real time data on customers
complaints, network performance, line outage, and so on
Competitive Advantage - correct answer ✔1. Delivers better performance
2. Charging less for better product
3.Responding to customers and suppliers real time
Survival - correct answer ✔information tech as necessity of business (ATM)
Information System - correct answer ✔1. Set of interrelated components
2. *Collect, process, store, and distribute info*
3. Support decision making, coord, and control
