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Information Systems Study Set 2

Computing

Quiz 2 :

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

Quiz 2 :

Strategy and Technology: Concepts and Frameworks for Understanding What Separates Winners From Losers

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In _____, the light inside fiber is split into different signal-carrying wavelengths in a way similar to how a prism splits light into different colors.
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E

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The resource-based view of competitive advantage states that for a firm to maintain sustainable competitive advantage it must control a set of exploitable resources that have four critical characteristics. What are these characteristics?
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C

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Many telecom firms began digging up the ground and laying webs of fiberglass to meet the growing demand for Internet connectivity. However, rivals and startups began to imitate these firms and soon these new assets were not so rare and each day they seemed to be less valuable. It can be inferred from this example that:
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A

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A firm's financial performance that consistently outperforms its industry's peers is known as operational effectiveness.
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According to Michael Porter, the reason many firms suffer margin-eroding competition is because they have defined themselves according to strategic positioning rather than operational effectiveness.
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Technology that that super-imposes content, such as images and animation on top of real world images is called:
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Cisco's acquisition of Pur Digital, makers of the Flip video camera line, was largely considered a flop because comparable technology soon became a feature in other popular consumer electronics products.
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What are Porter's views in relation to operational effectiveness and strategic positioning? Contrast the two concepts.
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A firm is said to be _____ when it attempts to match the benefits of a successful position while maintaining its existing position.
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Startup firms can struggle to gain lower prices from rivals, but FreshDirect seems to have found several ways to gain lower supplier prices. FreshDirect buys direct from suppliers, eliminating any markup from a middleman. What else did FreshDirect offer suppliers in exchange for better pricing terms?
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Which of the following statements about technology is true?
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Operational effectiveness refers to:
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_____ refers to performing different tasks than rivals or the same tasks in a different way.
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The _____ problem exists when rivals watch a pioneer's efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost.
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According to the resource-based view of competitive advantage, if a firm is to maintain sustainable competitive advantage, it must control a set of exploitable resources that are valuable and can be substituted easily.
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According to Porter, strategy is fundamentally about being _____.
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A firm's financial performance that consistently outperforms its industry's peers is known as _____.
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One of the key questions posed by 21st century managers is "How can we possibly compete when everyone can copy our technology and the competition is a click away?" One path to take involves creating a resource or set of resources for sustainable competitive advantage. List the four characteristics that such resources must have for the possibility of sustainable competitive advantage to exist. Why is it important to have all four simultaneously?
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When technology can be matched quickly, it is rarely a source of competitive advantage.
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Fast growing Groupon was able to dissuade rivals from entering its market because the firm's technology was so difficult to replicate.
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