Value creation and strategic information systems
6 important questions on Value creation and strategic information systems
What is analysis of added value?
What are the key components of value?
- Supplier opportunity costs; the minimum amount of mone ythe suppliers are willing to accept to provide the firm with the needed resources
- Firm costs; the total amount of money the firm disbursed to acquire the resources needed to create its product or service
- Customer willingnes to pay; the max amount of money the customers are willing to spend in order to obtain the product
- Total value created: CWP - SOP
When does a firm achieves competitive advantage?
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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What are It-dependant strategic iniatives?
Why are IT investments not the same as IT-dependant strategic initiatives?
What is the primary role of functional and general managers?
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- Never study anything twice again
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- 100% sure, 100% understanding
