Strategic Uses Of Information Systems Flashcards
Strategic information system(SIS)
An information system that helps seize opportunities.
Strategic advantage
Using strategy to maximize a company’s strengths
Competitive advantage
Having maximized an organization’s strengths to beat its rivals
What is re-engineering?
eliminating and rebuilding operations from the ground up
What is the bleeding edge
failure occurring when a company attempts to be on leading edge of new technology
what are the two advantages many companies look to achieve?
strategic and competitive advantage.
what are the eight ways to gain a competitive edge?
- reduced costs
- Raise barriers to entrants(newbies)
- establish high switching costs
- create new product/service
- originality of services or product
- upgrade products
- establish alliances
- lock in suppliers and buyers
how do companies reduce cost?
by adopting an advanced more efficient system that reduces labor.
What is a late mover?
A company that achieves greats heights despite joining the industry later
What is the bleeding edge?
The bleeding edge occurs when a company makes a bad technological investment that leads to little or no profit
