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SIS C1 - Coggle Diagram

- - - - used for value creation (adding value to customers and partners) & capture (generate revenue from the above value)
      - - outcome of a business strategy
      - - component of business strategy
      - Data-driven business models
        type 1: data users – internal improvement
        2: data suppliers – sell harvested big data.
        3: data facilitators – supply infrastructure solutions
      - process aligns with strategy
        
        Front-end: easy to use system for users to enter data.
        
        Back-end: linkage with different organizations, possibly across supply-chain
  - - - cost leadership (organization aims to be the lowest-cost producer in the marketplace)
      - differentiation (organization qualifies its product or service in a way that allows it to appear unique in the marketplace)
      - focus (limit its scope to a narrower segment of the market and tailor its offerings to that group of customers)
        
        cost / differentiation focus
    - - increasing turbulence and velocity of the marketplace
      - Red (firms fiercely compete to earn a larger shared of existing demand) vs blue ocean (create new demand in untapped marketspaces where they have the “water” to themselves)
        Digital (Supported by digital technologies, Deliver unique, integrated business capabilities that respond to changing market conditions, have (1) operational backbone/backend, & (2) digital service platform)
      - Hyper-competition frameworks (turbulent/ high competitive environments, managers respond instantly and change rapidly)
        
        Dynamic capabilities (managers respond instantly and change rapidly)
        
        3. Creative destruction (Occurred in line with the advancement of IT and increase in its usage and investment)
    - - Destroy Your Business (DYB) - destroy GE’s competitive advantage
        
        Grow Your Business (GYB) - find fresh ways to reach new customers and better serve existing ones
      - cannot sustain in marketplace in long-term
    - - use social IT, aligned with organization strategy and IS strategy
      - vision of how the business would operate if it seamlessly and thoroughly incorporated social & collaborative capabilities throughout the business model
      - 1. collaboration - reach stakeholders
        (Social networks enable individuals to find and connect with each other to share ideas, information, and expertise)
        2. Engagement - involve stakeholders (Communities and blogs provide a platform for individuals to join in conversations, create new conversations, offer support to each other, create a deeper feeling of connection to the company, brand, or enterprise)
        3. innovation - identify, describe, prioritize, and create new ideas
        (individuals suggest new ideas, comment on other ideas, and vote for their favorite idea, giving managers a new way to generate and decide on products and services)