Flashcards
Digital strategy
Cards in this deck (15)
- 1Why did the UK governments digital transformation plan fail?A lack of managerial skills
- 2What three areas does strategy planning cover?Context, content and process
- 3How often are strategies formed bu organisations?Every 2-5 years
- 4What do many firms see IT as?An expense
- 5Which 4 business areas can digital either support or drive?Marketing, sales, R&D and manufacturing
- 6What are the 4 mishaps that prevent companies from realising the full potential of IT investments?Mismeasurement, time lags, redistribution and mismanagement
- 7What three things make up the definition of a digital strategy?Recognizing organisational opportunities, determining the resource requirements and developing strategies and action plans
- 8What does the conceptual framework for DT emphasise?Alignment
- 9What are the 'means' of DT?Relationship resources, human resources technology resources
- 10What are the 'ways' of DT?Dynamic capabilities, managerial capabilities and infrastructure capabilities
- 11What are the 'ends' of DT?Strategic value, tactical value and operational value
- 12Aside from the means-ways-ends model, which other two models can be used to forumlate DS?The 'what-and-how' of DT and the DT framework
- 13What is a major disadvantage of the DT framework?It does not go into any detail about the digital capabilities ('ways') which is a very important part of the process
- 14What is a disadvantage to the means-ways-ends model?You have to work out the value paths yourself
- 15What 6 elements make up the benefit dependency network?Business drivers, investment objective, business benefit, business change, enabling activities and IT enablers
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- Degree Business and Management (Management of Information Systems) Flashcards on Digital strategy, created by Emily Bramhall on 20/12/2016.
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- Emily Bramhall
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