
Concept explainers
Explanation of Solution
Porter’s competitive forces:
- The model is used to provide a general view about the firms,the competitors of the frame and the environment of the firm.
- The firm’s general business environment is being brought out using the porter’s model.
- The model contains five competitive forces that are used in shaping the fate of the firm and they are:
- Traditional competitors
- There is chance where there may be an increase in the number of competitors...
- Traditional competitors
Explanation of Solution
Four competitive strategies that is enabled by the
The below are the four competitive strategies that are enabled using the information technology system and they are:
- Low cost leadership
- The operational cost is lowered by also providing the lowest price.
- Differentiation in the product
- The process of enabling new products and service for the convenience of the customer with the use of existing products and services...
Explanation of Solution
Support provided by the information system based on the competitive strategy:
The support that is provided by the information system for each of the competitive strategies is shown below:
- Low cost leadership:
- The information system is used to improve the inventory management, supply management by creating a customer response system.
- The best example for the system would be Walmart.
- Product differentiation:
- The information system is used to create products and services that are being made personalized and customized for the precise use of the required customers based on the needs.
- EBay, Google will be a good example for this system...
Explanation of Solution
Necessity of aligning the IT with the business objective is required for the use of the system:
- The main idea of using the IT strategy in a business is to guarantee whether the technology serves the needs of the business but not in the other way around.
- The business goals are being aligned with IT such that to make it more successful and making the business even profitable...
Explanation of Solution
Value chain model:
- The value chain model is used in highlighting the specific activities that are laid with the business.
- Using the value chain the best competitive strategies can be applied at its best and due to that the information system will likely considered having an impact that could be strategic.
- The model will help the firm in obtaining and identifying specific and critical leverage points and that can be utilized by information technology to improve their position among the competitors.
- The firm is viewed in the value chain model as sequence of basic activities that could improve the value of the products and service firm produces...
Explanation of Solution
Identifying the opportunities of the value chain for information system:
- The information system is used at every stage of value chain in order to improve the operational efficiency, lowering the cost, promoting the profit margins and establishing a stronger relationship with the customers and with the suppliers.
- The activities that provide added value are being examined with the use of information system based on the activities that are being performed at every stage of the value chain...
Explanation of Solution
Value web and its relation with the value chain:
- An independent collection of firms that utilizes the information technology for coordination the value chain for producing product and services in a collective form is called as value web.
- The value web is considered to be more customer driven and seems to be operated in the less linear order that that of the traditional value chain...
Explanation of Solution
Change that is made by the internet on the competitive forces and competitive advantages:
- The internet has degrades some of the industries and become s threat to other business process.
- The internet paved a way for the new marketers and became the basic for most of the new businesses.
- With the help of internet may new products and services, new business model and new industries to develop in the faster rate.
- The internet has made the competitive edge between the industries become more intense...
Explanation of Solution
Information system promoting the interactions and core competencies that will improve the competitive advantage:
- collection of business which organized in the form of strategic business units is called as large corporation.
- The overall performance of the business units can be improved with the use of information system which will promote the interaction and core competencies that are related to the business process.
- The synergy is process where the output that is produced by one unit will be used as the input to the other units.
- It is a process where two organizations can be grouped in markets and expertise and the relationship will be helpful to generate profit with the lower cost of operation...
Explanation of Solution
Business benefits of using the network economics:
The below are the benefits of using the network economics:
- The marginal cost of adding a new particular participant is considered to be zero and the gain obtained through this margin is considered to be high.
- When the number of participants is developed the value that is obtained with the number of participants will also be greater because the interaction will be made with more number of peoples.
- The availability of the internet and network technology encouraged the firm in taking advantage with the plan of creating the network among each other and creating a new network...
Explanation of Solution
Virtual company:
When a network is used to link peoples, properties and innovation that are used to be associated with other companies in order of creating and distributing the service and products without getting limited with the boundaries of the organization or the boundaries of the physical location is called as virtual company...
Explanation of Solution
Business ecosystem:
- When multiple collections of industries participate in sets in order to deliver services or products thus creating values to its customers is called as business ecosystem.
- It is considered to have an interdependent network of suppliers, distributors, organization that outsources, firms that provide transportation service along with the manufacturers of the technology...
Explanation of Solution
Disruptive technologies create a strategic opportunity:
- The accessibility, storage and information distribution and knowledge about the organization has increased with the evolution of the internet.
- The information that is required is available whenever required and any data can be obtained at any point of time.
- The information and storage of knowledge has increased its scope, range and depth with the increased usage of the internet.
- The cost is lowered but the quality of the information and knowledge distribution is improved.
- The transaction cost and the cost of acquiring the information is lowered...

Want to see the full answer?
Check out a sample textbook solution
Chapter 3 Solutions
Essentials of MIS (13th Edition)
- This week we will be building a regression model conceptually for our discussion assignment. Consider your current workplace (or previous/future workplace if not currently working) and answer the following set of questions. Expand where needed to help others understand your thinking: What is the most important factor (variable) that needs to be predicted accurately at work? Why? Justify its selection as your dependent variable.arrow_forwardAccording to best practices, you should always make a copy of a config file and add a date to filename before editing? Explain why this should be done and what could be the pitfalls of not doing it.arrow_forwardIn completing this report, you may be required to rely heavily on principles relevant, for example, the Work System, Managerial and Functional Levels, Information and International Systems, and Security. apply Problem Solving Techniques (Think Outside The Box) when completing. should reflect relevance, clarity, and organisation based on research. Your research must be demonstrated by Details from the scenario to support your analysis, Theories from your readings, Three or more scholarly references are required from books, UWIlinc, etc, in-text or narrated citations of at least four (4) references. “Implementation of an Integrated Inventory Management System at Green Fields Manufacturing” Green Fields Manufacturing is a mid-sized company specialising in eco-friendly home and garden products. In recent years, growing demand has exposed the limitations of their fragmented processes and outdated systems. Different departments manage production schedules, raw material requirements, and…arrow_forward
- 1. Create a Book record that implements the Comparable interface, comparing the Book objects by year - title: String > - author: String - year: int Book + compareTo(other Book: Book): int + toString(): String Submit your source code on Canvas (Copy your code to text box or upload.java file) > Comparable 2. Create a main method in Book record. 1) In the main method, create an array of 2 objects of Book with your choice of title, author, and year. 2) Sort the array by year 3) Print the object. Override the toString in Book to match the example output: @Javadoc Declaration Console X Properties Book [Java Application] /Users/kuan/.p2/pool/plugins/org.eclipse.justj.openjdk.hotspo [Book: year=1901, Book: year=2010]arrow_forwardQ5-The efficiency of a 200 KVA, single phase transformer is 98% when operating at full load 0.8 lagging p.f. the iron losses in the transformer is 2000 watt. Calculate the i) Full load copper losses ii) half load copper losses and efficiency at half load. Ans: 1265.306 watt, 97.186%arrow_forward2. Consider the following pseudocode for partition: function partition (A,L,R) pivotkey = A [R] t = L for i L to R-1 inclusive: if A[i] A[i] t = t + 1 end if end for A [t] A[R] return t end function Suppose we call partition (A,0,5) on A=[10,1,9,2,8,5]. Show the state of the list at the indicated instances. Initial A After i=0 ends After 1 ends After i 2 ends After i = 3 ends After i = 4 ends After final swap 10 19 285 [12 pts]arrow_forward
- .NET Interactive Solving Sudoku using Grover's Algorithm We will now solve a simple problem using Grover's algorithm, for which we do not necessarily know the solution beforehand. Our problem is a 2x2 binary sudoku, which in our case has two simple rules: •No column may contain the same value twice •No row may contain the same value twice If we assign each square in our sudoku to a variable like so: 1 V V₁ V3 V2 we want our circuit to output a solution to this sudoku. Note that, while this approach of using Grover's algorithm to solve this problem is not practical (you can probably find the solution in your head!), the purpose of this example is to demonstrate the conversion of classical decision problems into oracles for Grover's algorithm. Turning the Problem into a Circuit We want to create an oracle that will help us solve this problem, and we will start by creating a circuit that identifies a correct solution, we simply need to create a classical function on a quantum circuit that…arrow_forwardusing r languagearrow_forward8. Cash RegisterThis exercise assumes you have created the RetailItem class for Programming Exercise 5. Create a CashRegister class that can be used with the RetailItem class. The CashRegister class should be able to internally keep a list of RetailItem objects. The class should have the following methods: A method named purchase_item that accepts a RetailItem object as an argument. Each time the purchase_item method is called, the RetailItem object that is passed as an argument should be added to the list. A method named get_total that returns the total price of all the RetailItem objects stored in the CashRegister object’s internal list. A method named show_items that displays data about the RetailItem objects stored in the CashRegister object’s internal list. A method named clear that should clear the CashRegister object’s internal list. Demonstrate the CashRegister class in a program that allows the user to select several items for purchase. When the user is ready to check out, the…arrow_forward
- 5. RetailItem ClassWrite a class named RetailItem that holds data about an item in a retail store. The class should store the following data in attributes: item description, units in inventory, and price. Once you have written the class, write a program that creates three RetailItem objects and stores the following data in them: Description Units in Inventory PriceItem #1 Jacket 12 59.95Item #2 Designer Jeans 40 34.95Item #3 Shirt 20 24.95arrow_forwardFind the Error: class Information: def __init__(self, name, address, age, phone_number): self.__name = name self.__address = address self.__age = age self.__phone_number = phone_number def main(): my_info = Information('John Doe','111 My Street', \ '555-555-1281')arrow_forwardFind the Error: class Pet def __init__(self, name, animal_type, age) self.__name = name; self.__animal_type = animal_type self.__age = age def set_name(self, name) self.__name = name def set_animal_type(self, animal_type) self.__animal_type = animal_typearrow_forward
- Principles of Information Systems (MindTap Course...Computer ScienceISBN:9781305971776Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningFundamentals of Information SystemsComputer ScienceISBN:9781305082168Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
- Principles of Information Systems (MindTap Course...Computer ScienceISBN:9781285867168Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningFundamentals of Information SystemsComputer ScienceISBN:9781337097536Author:Ralph Stair, George ReynoldsPublisher:Cengage LearningInformation Technology Project ManagementComputer ScienceISBN:9781337101356Author:Kathy SchwalbePublisher:Cengage Learning




