One of the perennial problems of strategy for organizations

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Reference no: EM132274595

1. One of the perennial problems of strategy for organizations has been:

Lack of frameworks

Expanding scope

Poor alignment between business and IT strategies

Setting strategic goals

2. What is the best way to develop new capabilities?

Let business lead IT strategy

Let IT lead business strategy

Let both strategies lead simultaneously

Co-evolve business and IT strategies

3. __________ can ensure that business and IT strategies work well together:

Strategic goals

Strategic alignment

Strategy seminars

Strategic principles

4. Most formal IT plans could not support enterprise strategy because they were too focused on:

Tactical issues

Strategic issues

Business issues

IT issues

5. The use of information-processing capabilities to drive down transaction costs to near zero, threatening traditional value propositions and shaving profit margins is an example of?

Strategic use of IT

Competing on efficiencies

Business value

Tactical goals

6. ______________ need to take responsibility and leadership in technology investment and implementation.

IT executives

CIO

CEO

Business executives

7. A business model explains:

Business rules

How different pieces of the business fit together

IT systems

Business processes

8. One of the most important distinguishing factors between companies that get high business value from their IT investment and those that don't is that:

senior managers in high-performing companies take a leadership role in IT decision-making

senior managers in high-performing companies do not take a leadership role in IT decision-making

IT managers in high-performing companies take a leadership role in IT decision-making

IT managers in high-performing companies do not take a leadership role in IT decision-making

9. A sign of effective strategizing is:

Continuous and dynamic synchronization of capabilities

Leading business with IT capabilities

Designing effective business plans

Aligning business and strategy only once

10. Match the following IT initiatives with their descriptions:

Business improvement

Business enabling

Business opportunities

Opportunity leverage

Infrastructure

Choose One for each:

help organizations streamline their processes and save substantial amounts of money by eliminating unnecessary or duplicate activities or empowering customers/suppliers to self-manage transactions with a company

small-scale, experimental initiatives designed to test the viability of new concepts or technologies

hardware, software, middleware, communications, and data available that affect an organizations capacity to build new capabilities.

operationalizes, scales up, or leverages successful strategic experiments or prototypes.

projects that extend or transform how a company does business

Reference no: EM132274595

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