100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
CMIS 526 Exam 1 already graded A+ 2024/2025 $12.99   Add to cart
Quickly navigate to
Preview
  2.  
  3. CMIS 526
  4.  
  5. CMIS 526

Exam (elaborations)

CMIS 526 Exam 1 already graded A+ 2024/2025
 13 views  0 purchase
  • Course
  • CMIS 526
  • Institution
  • CMIS 526

CMIS 526 Exam 1 already graded A+ 2024/2025

Preview 2 out of 10  pages

Document information

  • March 1, 2024
  • 10
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • cmis 526
  • globalization ansthe integration of economies t
  • technological changes brought on by globalization
  • challenges of outsourcing answorking with other

Written for

  • CMIS 526
  • CMIS 526

Seller

avatar-seller
Ashley96

Reviews received

Content preview

CMIS 526 Exam 1

globalization - ANSthe integration of economies throughout the world enabled by innovation and
technological progress

globalization has allowed for 3 main things: - ANSeconomic changes
cultural changes
technological changes

economic changes brought on by globalization - ANSincreased international trade
development of global financial systems and currency
the outsourcing of labor

cultural changes brought on by globalization - ANSincreased availability of multiculturalism via
TV and movies
increased international travel, tourism, and immigration
more availability of ethnic food and restaurants
increased prevalence of worldwide fads and phenomena such as Facebook, Groupon, and
YouTube

technological changes brought on by globalization - ANSlow-cost computing platforms and
communication technologies (email, Skype, instant messaging)
enforcement of global patent and copyright laws to spur further innovation
the ubiquitous nature of low cost global telecom infrastructure line the internet

how globalization has impacted businesses - ANSallows for outsourcing or moving of business
processes (accounting, manufacturing, security, call centers) to another company either onshore
or offshore

benefits of outsourcing - ANSallows companies to reach new markets
leverage skills of specialists or experts in other countries (global workforce)

challenges of outsourcing - ANSworking with other governments regarding regulations, politics,
etc
timezone differences
infrastructure-related reliability (brown outs)
cultural - working with different cultural norms

the changing role of the IS function in organizations - ANSIS is no longer a "help desk" but is
becoming a strategic competitive advantage - it provides efficiencies and allows for
differentiation or competitive advantage

, example: Amazon states that "one click ordering is propriatary to them and no one else can use
it." This is an IS advantage that allows for smoother transactions and a competitive advantage

three levels of business at which IS can be utilized - ANSoperational level
managerial level
executive level

how the operational level of the business process is related to IS - ANStransactions occur in a
firm's daily business where a record must be kept
structured decisions are procedures to follow for a given situation can be specified in advance
information systems are typically used to increase efficiency (lower cost, with relatively little time
and effort with optimized process and better understanding)

how the managerial level of the business process is related to IS - ANSthis is the tactical level
that involves functional managers (marketing, finance manufacturing, and HR managers)
allows effectively utilizing and deploying organizational resources to create effectiveness to
accomplish tasks
key performance indicators (KPIs) allow for dashboards to assess progress of goals
semi-structured decisions can be assisted at this level as well
automating the monitoring and controlling of operational activities
improves organizational effectivenss

how the executive level of the business process is related to IS - ANSstrategic level where
long-term strategic questions facing the organization such as what products to produce, which
countries to compete in, and which organizational strategy to follow
E-level managers; aggregate summaries of past organizational data and projections of the
future, improve organizational strategy and planning

Porter's 2 strategy models - ANScompetitive forces
value chain models

competitive forces - ANS1- rivalry among existing firms
2- threat of new entrants
3-bargaining power of buyers
4- threat of substitute products or services
5- bargaining power of suppliers

these forces will indicate the level of industry competitiveness
this model helps determine which of the forces may be the most important and which specific
technologies could be used to address these forces
can also be used to identify where to invest additional resources/capital

value chain models - ANSa process of analyzing an organization's activities to determine where
the value is added to the products/services and what costs are incurred for doing so

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Ashley96. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart