Question: Information systems should be used strategically, so it is important to have a firm grasp on the organization's business strategy before designing or choosing an

Information systems should be used strategically, so it is important to have a firm grasp on the organization's business strategy before designing or choosing an information system. There are some tools used for analyzing business strategies. Below, match each description to the name of the business strategy analysis tool. Prompts Submitted Answers Chooses a business focus that is neither organization nor industry- specific so that it can be applied to any business, product or service Analyzes the competitive forces within an environment to assess the potential profitability of an industry Determines how to create the greatest possible value for customers by analyzing business processes that add value to the product or service Evaluates an organization's significant internal and external influences that may work for or against certain business strategies Information systems should be used strategically, so it is important to have a firm grasp on the organization's business strategy before designing or choosing an information system. There are some tools used for analyzing business strategies. Below, match each description to the name of the business strategy analysis tool. Prompts Submitted Answers Chooses a business focus that is neither organization nor industry- specific so that it can be applied to any business, product or service SWOT Analysis Analyzes the competitive forces within Value Chain Analysis an environment to assess the potential profitability of an industry Three Generic Strategies Determines how to create the greatest possible value for customers by analyzing business processes that add Porter's Five Forces Model value to the product or service Evaluates an organization's significant internal and external influences that may work for or against certain business strategies
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