MIS 301 Exam 1 Study Guide

MIS 301 Exam 1 Study Guide - MIS 301 Exam 1 Study Guide...

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MIS 301: Exam 1 Study Guide Chapter 1: “Setting the Stage: Technology, the Manager and the Modern Enterprise” Terms: Disruptve Technology MenTal models Learning Objectves: In The pasT decade, how has Technology helped bring abouT radical changes across indusTries and ThroughouT societes? WhaT is The impacT of a disruptve Technology? WhaT is iTs TrajecTory? Why do we care? ±o whaT degree has Technology permeaTed every managemenT discipline? Be able To give a few examples of how Technology has changed areas such as Fnance, marketng, operatons, accountng, eTc. WhaT kinds of jobs are available To someone wiTh an I± background? Chapter 2: “Strategy and Technology: Concepts and Frameworks that Separate Winners from Losers” Terms: Barrier To enTry Brand Bundling Business process CapiTal inTensiTy Channel con²icT CommodiTy Compettve advanTage Di³erentaton DisTributon channels Economies of scale ´asT follower problem ImiTaton-resisTanT value chain Informaton asymmeTry Killer app NeTwork e³ecTs Operatonal e³ectveness PorTer’s Model of IndusTry STrucTure (5 ´orces) PorTer’s Model of Compettve AdvanTage Resource-based view of compettve advanTage Scale advanTages Search cosTs STraddling STraTegic positoning SusTainable compettve advanTage SwiTching cosTs Value chain Viral marketng Learning Objectves: How is operatonal e³ectveness di³erenT Than sTraTegic positoning? ±o whaT degree can Technology-based competton creaTed operatonal e³ectveness? WhaT is The imporTance of grounding compettve advanTage (CA) in sTraTegic positoning? WhaT are The four characTeristcs of a resource ThaT mighT possibly yield susTainable CA? Why is Technology critcal To enabling compettve advanTage? WhaT are some examples of Frms ThaT have used Technology To organize for susTained compettve advanTage? WhaT is The relatonship beTween tming, Technology and The creaton of resources for CA? WhaT are some examples of barriers To enTry? Be able To recognize The di³erence beTween low barriers To enTry and The prospecTs for susTainabiliTy of new enTranT’s e³orTs? (JusT because iT mighT be easy To S±AR± a business doesn’T mean iT is easy To S±AY in business.) RelaTe This To ´resh DirecT and sTraddling. WhaT are The Fve forces ThaT a³ecT compettve advanTage? Be able To apply The Fve forces framework To an indusTry, assessing The compettve landscape and The role of Technology in in²uencing The relatve power of buyers, suppliers, competTors and alTernatves. Be able To diagram and compare how various Frms organize To bring producTs and services To markeT. Be able To recognize componenTs ThaT provide operatonal e³ectveness or sTraTegic positoning. 1
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Chapter 3: “Zara: Fast Fashion from Savvy Systems” Terms: Bullwhip efect Contract manuFacturing InFormaTon System (IS) Just-in-Tme manuFacturing LogisTcs Margin (gross margin) OperaTons Personal digital assistants Point-oF-sale (POS) systems Radio Frequency idenT±caTon (R²ID) tags Return on Investment VerTcal integraTon Learning Objectves:
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This test prep was uploaded on 11/25/2015 for the course MIS 301 taught by Professor Mccleod during the Spring '08 term at University of Texas.

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MIS 301 Exam 1 Study Guide - MIS 301 Exam 1 Study Guide...

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