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ISS&M > Strategy > Flashcards

Strategy Flashcards

1
Q

Strategy alignment

A

Business strategy, information strategy, organizational strategy (Pearlson and Saunders)

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2
Q

IS strategy (definition and 3 conceptions)

A

Conceptions

  • use of IS to support business strategy (business centric)
  • IS strategy as the master plan of the IS function (is-centric)
  • IS strategy as the shared view of the IS role within the organization (organization centric)
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3
Q

3 types of IS strategies

A 
IS innovators (explorativ)
IS conservatives (exploitative)
Undefined (no strategy)
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4
Q

Digtital business strategy landscape (how are things changing?)

A

Value chain –> Value networks and business ecosystems
Rise of platforms
Leverage a strong customer relationship and increase Cross-selling
Good dominant logic –> service dominant logic
Digital disruption

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5
Q

Digital business strategy (definition + key attributes)

A

Definition: Organizational strategy formulated and executed by leveraging digital resources to create differential value

Key attributes
- scope, scale, speed and sources of business value creation

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6
Q

Scope of digital business strategy

A
  • Transcends functional and process silos
  • Digitization of products and services
  • Extends beyond firm boundaries and supply chains
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7
Q

Digital business strategy (definition + key attributes)

A

Definition: Organizational strategy formulated and executed by leveraging digital resources to create differential value

Key attributes
- scope, scale, speed and sources of business value creation

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8
Q

Key attribute 1: Scope of digital business strategy

A
  • Transcends functional and process silos
  • Digitization of products and services
  • Extends beyond firm boundaries and supply chains
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9
Q

Key attribute 2: Scale of digital business strategy

A
  • Cloud computing
  • Network effects associated with multisided platforms create scaling potential
  • Alliances and partnerships
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10
Q

Key attribute 3: Speed og digital strategy

A
  • Accelerates the speed of product launch
  • Compels firms to develop multiyear, sequenced product roadmaps
  • Speeds up decisions due to information flow across levels of hierarchy
  • Accelerate supply chain orchestration and network
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11
Q

Key attribute 4: Sources of digital strategy

A
  • New opportunities to create value from information
  • Multisided business models as sources of value creation
  • Value capture through networked business models and digital architectures
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12
Q

Digital strategy types

A

Customer engagement strategy

Digitized solution Strategy

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13
Q

Digital business strategies (model)

A

Omnichannel business, Ecosystem driver, Supplier, Modular producer

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14
Q

Internal vs. external view of strategy

A

First view: Porter’s five forces
Second view: Porter’s value chain
Third view: The resource based view

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15
Q

Value drivers of digital business (model)

A

Novelty, Lock-in, Complementarities, Efficiency

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16
Q

Definition of alignment

A
  • The degree to which the mission, objectives, and plans contained in the business strategy are shared and supported by the IT strategy
  • The degree of fit and integration among business strategy, IT strategy, business infrastructure, and IT infrastructure
  • Good alignment means that the organization is applying appropriate IT in given situations in a timely way, and that these actions stay congruent with the business strategy, goals, and needs.
17
Q

Alignment dimensions

A

Strategic alignment
Structural alignment
Social dimension of strategic alignment
Cultural fit between business and IT

18
Q

Internal and external alignment (SAM model)

A

Strategic fit and functional integration

19
Q

Strategic alignment model (model)

A

Strategy execution
Competitive potential alignment
Technology transformation alignment
Service level alignment

20
Q

Alignment enablers

A
  1. factors that IT executives can directly impact are project priority setting, IT knowledge of the business and IT leadership
  2. Factors under business control are IT involvement in strategy development, and senior executive support for IT
  3. Both business and IT have a foster a close working relationship
21
Q

The changing competitive landscape and alignment

A

Simple competitive landscape
Rugged competitive landscapes
Dancing rugged competitive landscape

22
Q

Dancing landscapes (implication and alignment)

A

Wicked problems

ISS&M (7 decks)

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