increase price) 3. Rivalry of competitors 4. Threat of new entrants 5. Threat of new substitutes (Power of customers to purchase alternatives) Apple Case and Class Discussion Which of Porter’s Five Forces did Apple address through its introduction of the iPhone? * Strong Supplier Power; Customers have low buyer power * Apple would’ve gone bankrupt if not for iPhone. * Their strategic model consists of Narrow Market & High Cost Competitive Advantages Competitive Intelligence:
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in order to build and use information systems successfully • Using Porter ’s competitive forces model to develop competitive Porter competitive forces model to develop competitive strategies using information systems • Leveraging the value chain and value web models to identify opportunities for strategic information system applications opportunities for strategic information system applications • The role of information systems in creating synergies, core competencies, and network-based
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IT and the Executive: Value Chain Analysis Question: What is a Strategy(1) ? The Oxford English Dictionary defines a strategy as follows: 1: The art of war. 2a: The management of an army or armies in a campaign. 2b: the art of moving troops, ships, aircraft, etc into favourable positions 3: A plan of action or policy in business or politics So let us now ask this question again, and this time attempt to answer it using a more information systems and
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The Big Apple Keke Karlyle Strayer University BUS 508~Contemporary Business Dr. Vonda Mallory July 20, 2015 Examine Apple’s current position on the company’s ethical and social responsibilities, and determine whether or not the company has met these responsibilities. It is safe to say that the world as we know it has been significantly shaped as a result of the innovation brought forth by Steve Jobs and Steve Wozniak. The masterminds behind one of the world’s most influential and profitable
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Wolcott, R. and Arroniz, I. (2007). The 12 different ways for companies to innovate. IEEE Engineering Management Review, 35(1), pp.45-45 [Accessed 04 Nov. 2017]. Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). Designing and managing the supply chain : concepts, strategies, and case studies (3rd Edition ed.). Boston: McGraw-Hill. Varis, M. and Littunen, H. (2010). Types of innovation, sources of information and performance in entrepreneurial SMEs. European Journal of Innovation Management, 13(2)
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factory with access to a chain of retailers. | Few good suppliers with specialist materials.HRM has to recruit skilled staff what is difficult. | Resources | Financial | | Low turnover (million vs billion for Phillips: £20bn) and profitability (less than 2 million) | Human | Highly skilled workforce.Ability to recruit key talent. | | Technological | Patents of previous technology.High R&D | | Which is a value perceived by the customers | High brand value= High pricesCustomers are
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Chapter 1 Information Systems in Global Business Today True-False Questions 1. Internet advertising is growing at a rate of more than 30 percent a year. Answer: True 2. Difficulty: Hard Reference: p. 6 A business model describes how a company produces, delivers, and sells a product or service to create wealth. Answer: True Difficulty: Easy Reference: p. 11 3. Information technology (IT) consists of all the hardware that a firm needs to use in order to achieve its business objectives
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Case Scenario 1: Industry segmentation: PFL’s frozen savoury, dessert and fruit products. Industry | Product and service segmentation | Frozen savoury | Meat pies | Sausage rolls | Cheese | Spinach Rolls | Pasties | Quiches | Desserts | Fruit pies | Waffles | Crumbles | Crepes | | | Fruits | Whole fruits | Processed fruit products | | | | | Customer Market segmentation: (module 2) Grouping customers based on distribution. * Sells to retailers (supermarkets) and food services
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faced with challenges to sustain a competitive advantage. Not more than a decade ago customers who were seeking entertainment media had to walk into high street stores to purchase or rent a CD or DVD. The shift to digital content was fuelled by the Apple iPod and other digital media devices. Illegal P2P (peer-to-peer) sharing also made the shift to digital content fast and tremendous. The main threat to the physical stores is that customers can download media, from a whole album to a movie,
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the standardisation of products and services for global markets can allow better coordination and integration of activities along a company’s value chain. The natural barriers of time and space have been vastly reduced. By introducing a product simultaneously in all regional markets as is the case with successive product launches by Microsoft, or by Apple in the case of ipod, iphone In processual approach, strategy formulation and implementation are viewed as entangled activities, and not separate
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