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SIT Mid-Term

Chapter 1

TermDefinition
Business Diamond Identifies the crucial components of an organization's plan as its structure, task, information and control, and people
Business Strategy A plan about where the business seeks to go and how it seeks to get there
Collaboration Using social IT to extend the reach of stakeholders
Cost leadership When an organization aims to be the lowest-cost producer
Differentiation The organization makes it product to be different.
Engagement Using Social IT to involve stakeholders in the traditional business of the enterprise
Focus When the organization targets a narrow segment of the market
Hypercompetition The advantages in a market are rapidly crated an eroded
Innovation Using social IT to identify, describe, prioritize, and create new ideas for the enterprise
IS strategy The plan an organization uses to provide information services
Mission A clear and compelling statement that unifies an organization's effort and describes what the firm is all about.
Organizational Strategy The organizations design as well as the choices it makes to define, set up, coordinate, and control its work processes
Social Business Strategy A plan of how the firm will use social IT, aligned with organization strategy and IS strategy.
Strategy A coordinated set of actions to fulfill objectives, purposes, and goals
Created by: msammon23
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