1Summarize the most interesting lesson learned from gaining

1.Summarize the most interesting lesson learned from gaining strategic value from information (book: Information system business) chapter 4.

2.How are the virtual value chain and traditional value chain similar and different?

3.Differentiate a mission from a vision and explain why technology needs to be aligned/support the mission of an organization.

4.SWOT analysis on an M-health app that you are familiar with.

5.Do a competitive analysis (using Porter\'s Five Forces model) on an industry of your choice.

(Please if the sum of all answer can have more than 250 word I will appreciate it, Thank you)

Solution

Porter\'s 5 forces ANalysis may be a framework that tries to research the extent of competition inside an trade and business strategy development. It attracts upon industrial organization (IO) social science to derive 5 forces that verify the competitive intensity and so attractiveness of AN trade. Attractiveness during this context refers to the trade profitableness. AN \"unattractive\" trade is one during which the mix of those 5 forces acts to drive down overall profitableness. a really unattractive trade would be one approaching \"pure competition\", during which on the market profits for all companies ar driven to traditional profit. This analysis is related to its principal pioneer Michael E. Porter of Harvard University.

Porter observed these forces because the small atmosphere, to distinction it with the additional general term macro atmosphere. They accommodates those forces near a corporation that have an effect on its ability to serve its customers and build a profit. A modification in any of the forces commonly needs a business unit to re-assess the marketplace given the modification in trade data. the trade attractiveness doesn\'t imply that each firm within the trade can come back constant profitableness. companies ar ready to apply their core competencies, business model or network to attain a profit on top of the trade average. a transparent example of this is often the airline trade. As AN trade, profitableness is low and nevertheless individual firms, by applying distinctive business models, are ready to build a come back in far more than the trade average.

Porter\'s 5 forces embrace – 3 forces from \'horizontal\' competition: the threat of substitute merchandise or services, the threat of established rivals, and also the threat of recent entrants; and 2 forces from \'vertical\' competition: the negotiation power of suppliers and also the negotiation power of consumers.

Porter developed his 5 forces analysis in reaction to the then-popular SWOT analysis, that he found unrigorous and unexpected.[1] Porter\'s 5 forces is predicated on the structure–conduct–performance paradigm in industrial structure social science. it\'s been applied to a various vary of issues, from serving to businesses become additional profitable to serving to governments stabilize industries.[2] alternative Porter strategic frameworks embrace the worth chain and also the generic methods.