Strategic Management and Business Model
MBA 615 final exam 1. How can IT be used as a key driver of business value?
The fascination with IT-enabled business innovation comes at a time of significant uncertainty and change as entrenched players and new entrants struggle to define a sustainable proprietary position for success in the turbulent twenty-first century. While most agree that Internet-based technologies have progressed at lightning speed since they were introduced to the business world in the early to mid-1990s, developing common standards and robust commercial technologies usually takes time. The challenge of integrating new technologies into the "legacy" of computers, networks, and systems already in place within companies adds to the problem. To achieve the grand vision of the "Network Economy," a new approach to building businesses and measuring performance is needed. 2. How can IT-enabled proprietary assets serve as a platform to exploit disruptive change?
P46: Streamlined（流线型的）, synchronized（同步的） processes are one of the most powerful sources of IT-enabled proprietary advantage. Not only does IT enable companies to coordinate activities and share information inside the organization and across an extended network of suppliers, customers, and partners; but IT also provides real-time information that enables executives and employees at all levels to make decisions and take actions that create value today and position the company for delivering increasing returns over time. 3. From the HBR articles in 1979 and 200 on Porter’s 5 forces: What are the five forces and how can IT change the relative strength of each force?
Threat of new entrants to a market Bargaining power of suppliers Bargaining power of customers (“buyers”) Threat of substitute products
Degree of competitive rivalry
Threat of new entrants: IT can be used to improve processes and efficiency. This will increase the barriers for entry for new entrants.
Threat of substitutes: India is offering a
The fascination with IT-enabled business innovation comes at a time of significant uncertainty and change as entrenched players and new entrants struggle to define a sustainable proprietary position for success in the turbulent twenty-first century. While most agree that Internet-based technologies have progressed at lightning speed since they were introduced to the business world in the early to mid-1990s, developing common standards and robust commercial technologies usually takes time. The challenge of integrating new technologies into the "legacy" of computers, networks, and systems already in place within companies adds to the problem. To achieve the grand vision of the "Network Economy," a new approach to building businesses and measuring performance is needed. 2. How can IT-enabled proprietary assets serve as a platform to exploit disruptive change?
P46: Streamlined（流线型的）, synchronized（同步的） processes are one of the most powerful sources of IT-enabled proprietary advantage. Not only does IT enable companies to coordinate activities and share information inside the organization and across an extended network of suppliers, customers, and partners; but IT also provides real-time information that enables executives and employees at all levels to make decisions and take actions that create value today and position the company for delivering increasing returns over time. 3. From the HBR articles in 1979 and 200 on Porter’s 5 forces: What are the five forces and how can IT change the relative strength of each force?
Threat of new entrants to a market Bargaining power of suppliers Bargaining power of customers (“buyers”) Threat of substitute products
Degree of competitive rivalry
Threat of new entrants: IT can be used to improve processes and efficiency. This will increase the barriers for entry for new entrants.
Threat of substitutes: India is offering a