What is a standardized set of activities that accomplishes a specific task?

Your boss, Penny Dirks, has asked you to analyze the airline industry using Porter’s three generic strategies. Which of the following companies are using a cost leadership strategy?

Productivity is the rate at which goods and services are produced based upon total output given total inputs.

Goods are material items or products that customer’s will buy to satisfy a want or need.

The chief security officer is responsible for ensuring the security of business systems and developing strategies and safeguards against attacks from hackers and viruses.

Which of the following decisions does a firm need to make as soon as it has identified the activities from the value chain that are bringing the highest added value to their customers?

Analytics, also called intellectual capital, are the human, structural, and recorded resources available to the organization.

Unstructured data is data that has a defined length, type, and format and includes numbers, dates, or strings such as Customer Address.

Jennifer Bloom is writing a paper and she must determine which of Porter’s three generic strategies The Museum Company has implemented. Jennifer finds out that The Museum Company offers specialty products found only in museums around the world to affluent customers. What would Jennifer determine The Museum Company is using as its generic strategy?

MIS skills gap is the difference between existing MIS workplace knowledge and the knowledge required to fulfill the business goals and strategies.