Role of Information Systems in Business Strategy

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14 Terms

1

Information Systems

Tools supporting strategic, tactical, and operational goals.

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2

Strategic Plans

Answer the 'Why' of organizational direction.

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3

Tactical Plans

Address the 'What' of specific product decisions.

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4

Operational Plans

Answer 'How', 'When', 'Who', 'Where' questions.

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5

Complementary Assets

Enhance value from primary investments in technology.

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6

Investment Returns

Expected superior outcomes from IT investments.

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7

Productivity Increases

Boost in efficiency and output from investments.

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8

Revenue Growth

Increase in income resulting from strategic actions.

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9

Long-term Positioning

Strategic advantage maintained over extended periods.

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10

Uncertainty in Returns

Variability in expected outcomes from investments.

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11

Resource Management

Allocation of people and funds for projects.

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12

System Selection

Choosing appropriate technology for organizational needs.

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13

Process Improvement

Enhancements to operational efficiency and effectiveness.

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14

Training Programs

Initiatives for skill development and employee retention.

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