Organizational Strategy and Competitive Advantage Explained
School
University of Ottawa**We aren't endorsed by this school
Course
ADM 3318
Subject
Information Systems
Date
Dec 11, 2024
Pages
1
Uploaded by sammynajm2
Chapter 2: Organizational strategy, competitive advantage, and information systems Organizational strategy: Is a planned approach that the organization takes to achieve gials and its mission statementCompetitive advantage: Is an advantage over competitors in some measure such as cost, quality, speed, that leads to control of a market and to larger than average profits Business process: Collection of related activities (inputs, resources, outputs) that produce a product or service of value to the organization, its business partners and/or its customers EX: (managing A/p and A/r in accounting) Purposes of IS1.Execution of process: When a sale is made, compare inventory quantity on hand to re-order levels. If anything Is less than re-order levels, generate purchase requisitions for the purchasing department 2.Capturing and storing process data3.Monitoring process performance Cross-functional business process is one in which no single functional area is responsible for its execution. Multiple functional areas collaborate to perform the process. EX: Materials procurement process includes all of the tasks involved How does an organization ensure business process excellenceBusiness process Reengineering: Is a radical strategy for improving the efficiency and effectiveness of an organizations business processesBusiness process improvement: Is a incremental approach with lower risk and cost than BPR, six sigma is a popular methodology for thisBusiness process management: is a management technique that includes methods and tools to support the design, analysis, implementation, management, optimization of business process management Management system used to support continuous BPI initiatives for core business processes over timePorter’s competitive forces modelPorter’s value chain modelStrategies for competitive advantage Business informations
