ISQS4385 Midterm I Review

ISQS4385 Midterm I - ISQS4385 Midterm I Review Fall 2009 Textbook 1 Know what the four Strategic Positions are Lecture 2 a Market/Channel

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ISQS4385 Midterm I Review Fall, 2009 Textbook 1. Know what the four Strategic Positions are. Lecture 2 a. Market/Channel determines the choice of customers to serve, the needs and expectations that will be met, and the channels to reach those customers. b. Product determines the choice of products and services to offer, the features of those offerings, and the price that will be charged. c. Value chain/Value network determines the role an organization plays and the activities it performs within an extended network of suppliers, producers, distributors, and partners. d. Boundary determines markets, products, and businesses you will NOT pursue. 2. Be prepared to discuss the two design goals, differentiation and integration Lecture 4 a. Differentiation i. How individuals, groups and organizations are subdivided into specialized work units 1. Horizontal: specialized operating units 2. Vertical: power/authority levels and spatial division into geographic or product groups ii. Differentiation: 1. Enables a network to manage complexity 2. Develop specialized expertise and assets 3. Focus attention and resources on specific goals and tasks b. Integration i. Defines the relationships and links between nodes that are required to unite specialized individual, units and organizations to enable them to achieve a common purpose and create shared value ii. Types of network relationships 1. Task-based: unite IGO that work together or sequentially to perform one or more activites in a process that creates economic output
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2. Information- or expertise based: unite IGO that provide information or expertise required by the network 3. Social: unite IGO to enable them to develop strong bonds of
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This note was uploaded on 10/25/2009 for the course ISQS 4385 taught by Professor Staff during the Spring '08 term at Texas Tech.

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ISQS4385 Midterm I - ISQS4385 Midterm I Review Fall 2009 Textbook 1 Know what the four Strategic Positions are Lecture 2 a Market/Channel

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