Organizations deploying innovative information systems must have the human capital necessary to deploy the new systems. These requirements can be categorized as ________ requirements.
resource
A ________ is defined as an economic system in which assets or services are shared between private individuals, either free or for a fee.
sharing economy
The steps (in order) in the disruptive innovation cycle is ________.
Choosing, Matching, Executing, and Assessing
What example of a platform based business model would Airbnb and Uber represent.
Service
________ are new technologies, products, or services that eventually surpass the existing dominant technology or product in a market.
Disruptive Innovations
________ is the securing of business financing from individuals in the marketplace.
Crowdfunding
________ is the securing of business financing from individuals in the marketplace.
deploying organizational resources to achieve the strategic objectives of the organization.
The extent to which goals are accomplished faster, at lower cost, or with relatively little time and effort is called ________.
efficiency
According to the disruptive growth engine, executive leadership will allow a firm to ________.
gain credibility and to bridge sustaining and disruptive product development.
The Game, Inc. company is offering a new game that can expand exponentially to new users. The company is offering the very basic game for free allowing the user to upgrade to several levels of a paid subscription model. Choose the selection below that best exemplifies this revenue model.
Freemium
For a firm, reduced prices, need for increased quality, and demand for more services would result due to ________.
Customers’ bargaining power
Which of the following actions of a firm suggests that it uses the freemium approach for applying freeconomics?
It offers basic services for free, but charges a premium for special features.
Jane Estroisch works as a manager in a multidomestic firm. She focuses on the long-term questions facing the organization such as which countries to compete in and what organizational policies to follow. Jane is in the ________ level of the organization.
executive
At the ________ level of an organization, functional managers focus on monitoring and controlling operational-level activities and providing information to higher levels of the organization.
managerial
Managers in the ________ level of an organization are referred to as “executives.”
strategic
According to ________, the number of transistors that could be squeezed onto a silicon chip would double every 18 months.
Moore’s law
Which type of innovation is best described as supporting and enhancing the value of an offering?
Service innovation
Walmart pursues a ________ strategy by which it offers the best prices in its industry on its goods and/or services.
low-cost leadership
In the context of organizational requirements for innovation, to deploy innovative information systems well, people in the organization must be willing to do whatever they can to bypass and eliminate internal bureaucracy, set aside political squabbles, and pull together for the common good. These requirements can be categorized as ________ requirements.
process
With respect to the components of a business model, ________ is the utility that the product/service must offer to customers.
value proposition
Which type of innovation is best described as using innovative ways to connect offerings with customers?
Channel innovation
At the ________ level of a firm, the routine, day-to-day business processes and interactions with customers occur.
operational
If the ABC company is losing customers on a regular basis, the force that would explain this is most likely to be ________.
the threat of new entrants or the bargaining power of customers
Which of the following is NOT one of Porter’s five primary forces?
Threat of flooding the industry with excellent products
