Information systems that help seize opportunities are often called ____.
geographic information systems
management information systems
reengineering
strategic information systems
Two or more companies combining their services to make them less expensive is called _______.
an alliance
switching costs
competitive advantage
a purchase volume
When failure occurs because an organization tries to be on the technological leading edge, observers call it the ____.
bleeding edge
technical risk
technological liability
technological cost
For an information system to be a(n) ____, two conditions must exist. First, the information system must serve an organizational goal rather than simply provide information; and second, the organization's IS unit must work with managers of other functional units (including marketing, finance, purchasing, human resources, and so on) to pursue the organizational goal.
geographic information system
management information system
strategic information system
alliance
____ goal is not to gain small incremental cost savings, but to achieve great efficiency leaps - of 100 percent and even 1000 percent.
First mover's
Differentiation's
Reengineering's
Late mover's
On the Web, an obvious example of alliances is a(n) ____.
competitive advantage
bleeding edge
affiliate program
first mover
Creating a new and unique product or service that many organizations and individuals need gives an organization a great ____.
alliance
bleeding edge
competitive advantage
cost reduction
A firm gains ____ with a supplier either when the firm has few competitors or when the firm is a major competitor in its industry.
competitive advantage
bargaining power
first mover
differentiation
Obtaining legal protection of intellectual property such as an invention or artistic work is an example of a company ____.
creating an alliance
creating new and unique products or service
creating a standard
raising barriers to entrants
One way to increase market share is to lower prices, and the best way to lower prices is to ____.
reduce costs
create alliances
create a standard
reengineer
A(n) ____ combines two types of ideas: ideas for making potentially winning business decisions and ideas for harnessing information technology to implement the decisions.
geographic information system
management information system
strategic information system
alliance
____ occurs when one company achieves a competitive advantage by persuading consumers that its product or service is better than its competitors', even if it is not.
Standardization
Critical mass
Product differentiation
Reengineering
A company can gain advantage if it creates ____, making it economically infeasible for customers to buy from competitors.
expensive products
high switching costs
alliances
low switching costs
The term ____ refers to an organization that is the first to offer a new product or service.
late mover
first mover
critical mass
alliance
One way to lock in clients is to ____.
create a web presence
create a standard
reengineer
switch costs
A(n) ____ is any information system that can help an organization achieve a long-term competitive advantage.
geographic information system
management information system
strategic information system
alliance
A(n) ____ is a body of clients that is large enough to attract many other clients.
late mover
first mover
critical mass
alliance
____ is the organization and summarization of huge amounts of transactional records for later analysis.
Reengineering
Data warehousing
Indirect switching
Affiliate programming
In business, a(n) ____ is a plan designed to help an organization outperform its competitors.
liability
strategy
cost
asset
To develop a(n) ____, top management must be involved from initial consideration through development and implementation.