Strategy and IS
Porter's Competitive Forces Model
1. Threat of Entry of New Competitors 2. Bargaining Power of Suppliers 3. Bargaining Power of Customers/Buyers 4. Threat of Substitute Products or Services 5. Rivalry Among Existing Firms within the Industry
IT strategy
A plan that identifies how information technology will be put in place over time to help an organization achieve its overall business goals and competitive advantages
strategies for competitive advantages
Cost leadership, differentiation, innovation, operational effectiveness, customer orientation
Business Pressures
Factors, events, and influences from the business environment
Value Chain
Identify and connect the major business activities in an industry to describe the value creation and delivery Ex: Service Industry Research & Training --> Service Production --> Service Distribution --> Marketing & Sales
Competitive Strategy
Long-term action plan to help an organization gain its competitive advantages
Benefits of Business Process Maps
Narrative the current status in the business Identify potential problems or possible opportunities Align IT/IS structure with the competitive strategy
Business Processes
Organized streams of business activities. Consists of resources and repositories , control flow and data flow, and the streamline of activities and sub-activities.
Define Competitive Advantages and describe its benefits
You can do business better than your competitors in terms of cost, quality and/or speed. - loyal customers - larger market share - higher profits
Porter's Competitive Strategies
differentiation, cost leadership, focused differentiation, focused cost leadership
value disciplines
operational excellence, customer intimacy, product leadership
SWOT analysis
strengths, weaknesses, opportunities, threats
