Business Information System (Chapter 6)

BIS Chapter 6

1.      Which of these are Porter's Five Forces - the competitive forces?

·         Threat of Substitute Products

·         Buyer or Customer Power

·         Threat of Supplier Power

·         Rivalry Among Existing Competitors

·         Threat of New Entrants.

2.    Which of Porter's Five Forces (competitive forces) is most significant in the current situation in the Big Aussie Steakhouse? 

Threat of New Entrants

3.                       

Question	Correct Match
To Decrease Buyer or Customer Power.	Increase value on demand side of value chain (increases switching cost).
To Decrease Threat of New Entrants.	Increase value of support activities (increases barrier to entry).
To Decrease Threat of Substitute Products.	Increase value of primary activities and R&D (better overall product).
To Decrease Threat of Supplier Power.	Increase the value of supply side of value chain (ore procurement options).
To Decrease Rivalry Among Existing Competitors.	Increase value across the value chain (better business overall).

4.        As a result of matching the particular force(s) with the rules which section (primary or support) of the value chain do you think Big Aussie Steakhouse should focus on generally?

Support Activities in the Value Chain (i.e. those activities that support the completion of the primary activities).

5.      What is a strategy?

A strategy is a plan of action designed to achieve a major or overall (i.e. high level) aim.

For example, a strategy to outsource marketing so the business can focus on its core business capabilities.

6.      What are processes?

·         Processes are the tasks or steps that are usually performed within a value chain activity.

·         For example, the process of “making a sale” involves a number of steps and exchanges of information. 

7. What is the name generally given to the information store that holds all of the operational information and external information for the analytical information system?

Data Warehouse

8. The term ______  is used to describe the multidimensional information that a data warehouse provides and the user of an analytical information system manipulates (e.g. slices and dices)?

Cube