Question 1

Compare and contrast firms pursuing a global business strategy and a transnational business strategy.

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Question 2

In an e-business innovation cycle,after an organization scans the environment for new emerging and enabling technologies,the next step is to ________.

Accepted Answer

The next step in the e-business innovation cycle after scanning the environment for new emerging and enabling technologies is to match the most promising new technologies with current economic opportunities. This involves selecting the technological advances that are the most relevant to the organization's current business strategy and identifying how they can be used to create a competitive advantage and increase revenue. Once the most promising technologies are identified, the organization can then begin to develop a plan for implementing them and integrating them into their existing operations.

Question 3

Define the term freeconomics.Briefly explain the different approaches of freeconomics.

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Question 4

The e-business innovation cycle puts strategy ahead of technology.

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Question 5

Organizations deploying innovative information systems must have the human capital necessary to deploy the new systems.These requirements can be categorized as ________ requirements.

Accepted Answer

The requirement for human capital necessary to deploy the new systems falls under the category of resource requirements. This is because it refers to the availability of the necessary personnel with the right skills, knowledge, and experience to ensure a successful deployment of the new systems. Therefore, choice A is the best option. Process requirements refer to the necessary procedures or workflows required to achieve specific outcomes, risk tolerance refers to an organization's ability to take on risk or uncertainty, customer requirements relate to the needs and preferences of customers or users, and quality requirements refer to standards or benchmarks for achieving high-quality outcomes.

Question 6

Explain the organizational requirements for innovation.

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Question 7

Which of the following statements is true about the e-business innovation cycle?

Accepted Answer

The e-business innovation cycle maps the value derived from a particular information technology alongside the time. The vertical dimension of the cycle shows the extent to which an organization derives value from a particular information technology, while the horizontal dimension shows time.

Question 8

The concept of freeconomics cannot be applied to industries other than Web e-mail or online searches.

Accepted Answer

The concept of freeconomics can be applied to a variety of industries beyond just Web e-mail or online searches, as long as the company can find a way to monetize their platform through other means such as advertising, partnerships, or premium subscription options. This includes social media, streaming services, gaming, and more.

Question 9

The inability to react to local market conditions is a major disadvantage of firms pursuing a multidomestic business strategy.

Accepted Answer

A multidomestic business strategy actually focuses on adapting products and strategies to fit local market conditions, thus allowing firms to react and adjust to local needs and preferences effectively.

Question 10

Distinguish between the terms e-commerce and e-business.

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Question 11

According to the disruptive growth engine,executive leadership will allow a firm to ________.

Accepted Answer

Executive leadership plays a crucial role in bridging the gap between sustaining and disruptive product development. They have the credibility to stake out a disruptive strategy, gain buy-in from other stakeholders, and allocate resources accordingly. By doing so, they can effectively identify and evaluate potential disruptive innovations, and gain access to the greatest disruptive opportunities. However, building a disruptive team of expert innovators and educating those closest to customers and competitors are also important for successful disruptive growth.

Question 12

________ are new technologies,products,or services that eventually surpass the existing dominant technology or product in a market.

Accepted Answer

Disruptive innovations are new technologies, products, or services that disrupt and eventually replace the existing dominant technology or product in a market. They often start by serving a niche market and then gradually improve until they become appealing to the mainstream market. Examples include digital photography replacing traditional film photography and streaming services replacing traditional cable TV.

Question 13

How are firms pursuing a global business strategy different from firms pursuing a multidomestic business strategy?

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Question 14

In contrast to global organizations where most of the resources are centralized in different countries,different resources in a transnational company need to be centralized in the company's home country.

Accepted Answer

In a transnational company, resources are decentralized and distributed across different regions/countries. The company operates as a network where each unit has its own resources and can make independent decisions. Therefore, there is no requirement for resources to be centralized in the company's home country.

Question 15

Any industry that utilizes digital technologies is on a path toward increasingly lower costs,ultimately toward a price of free-or at least "free" for consumers.

Accepted Answer

This statement is true because digital technologies have a low marginal cost of production, meaning that the costs of producing and distributing additional digital products or services is very low. This leads to increased competition and eventually drives prices down, sometimes even to the point of being free for consumers. Examples include free online services like email and social media platforms.

Question 16

In the context of organizational requirements for innovation,to deploy innovative information systems well,people in the organization must be willing to do whatever they can to bypass and eliminate internal bureaucracy,set aside political squabbles,and pull together for the common good.These requirements can be categorized as ________ requirements.

Accepted Answer

The requirements described in the statement refer to the need for efficient and streamlined processes that encourage collaboration and innovation. This means that people in the organization should be willing to bypass bureaucracy and political issues for the common good, which highlights the importance of process requirements. Customer requirements relate to meeting the needs and expectations of the organization's clients, resource requirements focus on the need for adequate resources to implement innovative ideas, quality requirements relate to the need for high standards in the development and implementation of innovative systems, and risk tolerance requirements relate to the organization's willingness to take calculated risks in pursuing innovation.

Question 17

The ability to quickly react to local conditions is an advantage of home-replication business strategies.

Accepted Answer

Home-replication business strategies involve applying the same business model and practices in foreign markets as in the home market, which can limit flexibility and responsiveness to local conditions.

Question 18

According to ________,the number of transistors that could be squeezed onto a silicon chip would double every 18 months.

Accepted Answer

The statement refers to Moore's law, which states that the number of transistors on a chip will double every 18-24 months, which has held true since it was first proposed by Gordon Moore in 1965.

Question 19

Define disruptive innovation and how it leads to the innovator's dilemma.

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Question 20

Risk tolerance for people within the organization should be low for the deployment of innovative information systems.

Accepted Answer

Risk tolerance for people within the organization should be high for the deployment of innovative information systems. This is because innovation often involves taking risks and trying new things. If the organization and its employees are not willing to take risks, they may miss out on potential opportunities for growth and improvement. However, it is important to balance this risk tolerance with proper planning, testing, and risk management strategies to minimize potential negative consequences.

Quiz 2: Gaining Competitive Advantage Through Information Systems