Question 1

SWOT Analysis involves analyzing a company's competitive situation on each of the following factors except:

Accepted Answer

The SWOT analysis involves analyzing a company's competitive situation based on its Strengths, Weaknesses, Opportunities, and Threats. Technology is not a factor included in the SWOT analysis.

Question 2

Skills of CIOs needed to improve IT-business alignment and governance include all of the following except ________.

Accepted Answer

Negotiating SaaS or other cloud service contracts is more of a tactical skill related to procurement and vendor management rather than directly improving IT-business alignment and governance. Skills related to alignment and governance typically involve strategic thinking, political savvy, and the ability to inspire and influence across the organization.

Question 3

Which of the following statements about business value drivers is false?

Accepted Answer

Business value drivers can have a finite or limited lifespan, as they are subject to changes in market conditions, technology, and other external factors. It is important to regularly review and update value drivers to ensure they remain relevant and effective.

Question 4

IT deployment strategies fall into two broad categories,which are ________:

Accepted Answer

The two broad categories of IT deployment strategies are in-house development and sourcing. In-house development refers to the development of IT solutions and software by a company's own IT staff, while sourcing refers to the process of procuring IT solutions and software from external vendors. These two strategies offer different advantages and disadvantages based on a company's specific needs and resources, and are both important components of effective IT deployment.

Question 5

According to the business strategy model developed by Harvard University Business professor Michael Porter's,an industry's profit potential is largely determined by _____________.

Accepted Answer

According to Michael Porter's business strategy model, the intensity of competitive forces within the industry largely determines an industry's profit potential. These competitive forces include the threat of new entrants, bargaining power of suppliers and buyers, and the threat of substitute products or services. Therefore, choice A is the best answer.

Question 6

Which of the following is not one of the objectives of IT strategic plans?

Accepted Answer

Assessing past performance is not one of the objectives of IT strategic plans. The other options listed, A, B, and D, are all common objectives of IT strategic plans.

Question 7

The __________ process is designed to provide answers to the following types of questions: -What is the long-term direction of our business?
-What is the overall plan for deploying our resources?
-How do we achieve competitive advantage over rivals in order to achieve or maximize profitability?

Accepted Answer

Strategic planning is the process of defining an organization's strategy, making decisions on allocating its resources to pursue this strategy, and guiding the implementation of the strategy. It addresses questions related to the long-term direction of the business, resource deployment, and competitive advantage. Enterprise resource planning is a software system used to manage an organization's resources. Profit margin analysis and market research are tools used in business analysis and decision making, but they are not specific processes for addressing the questions listed in the question prompt.

Question 8

A(n)________ needs to be in place that crosses organizational lines and makes senior management responsible for the success of key IT initiatives.

Accepted Answer

A governance structure is necessary to ensure that there is accountability for the success of key IT initiatives, and that this accountability exists across different departments or organizations. Senior management should be involved in this governance structure to ensure that they are responsible for the success of these initiatives. A enterprise strategy is important but it does not necessarily address the need for a governance structure that crosses organizational lines. A SWOT analysis and SLA are not directly related to the creation of a governance structure.

Question 9

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

Accepted Answer

Although political and economic factors may affect a company's performance in an industry, they are not specifically listed as one of the five major factors in Porter's Five Forces Model. The five factors are the threat of entry of new competitors, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and rivalry among existing competitors.

Question 10

The effectiveness of the IT function relies heavily on each of the following except ________.

Accepted Answer

The implementation of the latest social networks may not be relevant or necessary for the effectiveness of the IT function, depending on the organization's goals and priorities. The other choices (relationships with vendors, third-party suppliers, and IT governance) are essential factors for the success of the IT function.

Question 11

Few companies today could realize their full-potential business value without updated ________.

Accepted Answer

Up-to-date IT infrastructures and services are necessary for companies to fully realize their potential business value. This includes hardware, software, networks, and other digital systems that enable efficient and effective operations, data management, communication, and collaboration. IT investments made on the basis of immediate needs or threats, patches, or reactive approaches may address specific issues, but they do not necessarily ensure long-term competitiveness and growth. Therefore, option B is the best choice.

Question 12

Which of the following is not one of the major tasks of IT steering committees?

Accepted Answer

The answer of Which of the following is not one...

Question 13

Resource allocation is a contentious process in most organizations because opportunities and requests for spending far exceed the available funds.This can lead to __________ among organizational units,which makes it __________ to objectively identify the best investments.

Accepted Answer

When resource allocation leads to highly political competition among organizational units, it becomes difficult to objectively identify the best investments. Cooperation would make the process simpler, but this option is not mentioned as a possible choice.

Question 14

Activities that can improve the IT-business alignment include all of the following except ________.

Accepted Answer

The question asks for an activity that cannot improve the IT-business alignment, and all three options (A, B, and C) are activities that can improve it. Therefore, the correct answer is D - none of these options are correct, as all of the listed activities can help to improve alignment between IT and the business.

Question 15

Price wars or other fierce reactions by competitors are examples of:

Accepted Answer

Price wars or other fierce reactions by competitors pose a threat to a business as it can lead to a decrease in market share and profitability.

Question 16

Long-term business planning starts with a clear understanding of the factors that create significant value and that work together with other factors to drive future revenue and profit at or above their current rates.These factors are ________.

Accepted Answer

Long-term business planning starts with identifying the key drivers of value that contribute to future revenue and profits. These drivers could be factors like market share, product quality, brand reputation, customer loyalty, operational efficiency, and so on. Understanding these value drivers is critical for developing a strategy that maximizes future opportunities and minimizes risks. A and B might be important considerations, but they are not the core factors that drive long-term business success. IT strategy is an enabler of the business strategy, not a driver of business value per se.

Question 17

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

Accepted Answer

The Five Forces Model developed by Michael Porter includes competitive rivalry, bargaining power of suppliers, bargaining power of customers/buyers, threat of new entrants, and threat of substitute products/services. Technological (IT) superiority is not one of the factors included in the model.

Question 18

Why is it necessary to develop a long-term IT strategy and reexamine the strategy on a regular basis?

Accepted Answer

Organizational goals and requirements change over time due to factors such as market changes, new technologies, and shifts in business priorities. Therefore, a long-term IT strategy needs to be developed and regularly reexamined to align with these changes and ensure that the organization's technology investments and initiatives support its evolving business needs.

Question 19

Cloud computing and SaaS are two __________ options.

Accepted Answer

Cloud computing and SaaS (Software as a Service) are considered sourcing options because they involve obtaining services from external providers rather than developing them in-house or managing them on-premises.

Question 20

Outsource relationship management companies monitor and manage sourcing arrangements and ________.

Accepted Answer

Outsource relationship management companies are responsible for monitoring and managing the service level agreements (SLAs) that are established between the parties involved in a sourcing arrangement. This involves ensuring that the agreed-upon services are being delivered according to the defined quality standards, and taking corrective action if any issues arise. While outsourcing companies may also be involved in managing R&D, IT projects, or SaaS, these activities are not directly related to managing sourcing arrangements, which is the core focus of outsource relationship management. Therefore, the best choice is C.

Quiz 12: IT Strategy, Sourcing, and Strategic Technology Trends

SWOT Analysis involves analyzing a company's competitive situation on each of the following factors except:

Skills of CIOs needed to improve IT-business alignment and governance include all of the following except ________.

Which of the following statements about business value drivers is false?

IT deployment strategies fall into two broad categories,which are ________:

According to the business strategy model developed by Harvard University Business professor Michael Porter's,an industry's profit potential is largely determined by _____________.

Which of the following is not one of the objectives of IT strategic plans?

The __________ process is designed to provide answers to the following types of questions: -What is the long-term direction of our business? -What is the overall plan for deploying our resources? -How do we achieve competitive advantage over rivals in order to achieve or maximize profitability?

A(n) ________ needs to be in place that crosses organizational lines and makes senior management responsible for the success of key IT initiatives.

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

The effectiveness of the IT function relies heavily on each of the following except ________.

Few companies today could realize their full-potential business value without updated ________.

Which of the following is not one of the major tasks of IT steering committees?

Resource allocation is a contentious process in most organizations because opportunities and requests for spending far exceed the available funds.This can lead to among organizational units,which makes it to objectively identify the best investments.

Activities that can improve the IT-business alignment include all of the following except ________.

Price wars or other fierce reactions by competitors are examples of:

Long-term business planning starts with a clear understanding of the factors that create significant value and that work together with other factors to drive future revenue and profit at or above their current rates.These factors are ________.

According to the Five Forces Model developed by Harvard University Business professor Michael Porter,all of the following are major factors that determine a company's standing in an industry,except:

Why is it necessary to develop a long-term IT strategy and reexamine the strategy on a regular basis?

Cloud computing and SaaS are two __________ options.

Outsource relationship management companies monitor and manage sourcing arrangements and ________.