ITM 100 Chapter 3: Chapter 3

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rosedeer364

23 Apr 2011

School

Ryerson University

Department

Information Technology Management

Course

ITM 100

Professor

Ron Babin

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Document Summary

If there are barriers to entry, then it will be harder for new competitors to enter. It is an important part of any company. It professionals make sure that hard work helps the business reach its end result. Business as open systems: open system model indicates that a business operates by transforming inputs into outputs and by constantly interacting with its environment. stakeholders could be external (in the environment) or internal (within organization) for example, if you shop online at a company"s website, and you notice problems on the website and describe those problems to that company, your suggestions may influence future e-commerce operations. Business process: business process is needed to transform inputs into outputs (products and services) 1 method used to examine and better understand process is called igoe. The pc company take info into the database to picture the customer.

Related Questions

Checking the competitive advantage potential of cross-business strategic fit involves:

A) evaluating a diversified company's profitability relative to competitors.

B) examining a company's costs relative to the costs of its chief rivals in the industry.

C) determining if there are opportunities to exploit outsourcing opportunities by a diversified company's lineup of businesses.

D) considering what competitive value can be generated from a strategic fit.

E) evaluating how much benefit a diversified company can gain from cross-business value chain matchups and resource sharing.

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To create value for shareholders via diversification, a company must
A) get into new businesses that are profitable.
B) diversify into industries that are growing rapidly.
C) spread its business risk across various industries by only acquiring firms that are strong competitors in their respective industries.
D) diversify into businesses that can perform better under a single corporate umbrella than they could perform operating as independent, stand-alone businesses.
E) diversify into businesses that have either key success factors or value chains that are similar to their present businesses.