5 Paragraph discussion, in the instructions it list out what each paragraph must include, must support your answers with examples and research and cite your research using the APA format.

Paragraph 1 Discuss the questions listed below: An organization often has distinct roles for handling different domains of its business. How do you think the required skill sets and organizational role of a general manager, functional manager, CIO, and end user differ? Explain why it is critical to the success of modern firms that general and functional managers be directly involved in IS and IT decision making. Why are modern firms increasingly selecting CIOs from managerial ranks rather than from technology ranks? Provide an example of two organizations in which you think a similar IS would engender two different outcomes. Explain why. IS can generate both positive and negative unintended results. Do you agree or disagree? Justify your answers by providing examples. Paragraph 2 The term “network economy” is used to emphasize the features of the new, technology-enhanced economy within the information society. It stems from a key attribute— products and services that are created through networks operating on large or global scales, enabled by the current status of the global networks. What are the principal impacts of the network economy for both established organizations and upstarts? Identify and provide examples of the most important recent technology and business innovations in the network economy. How has the adaptation of the new technologies affected the organizations from your examples? The network economy introduces information-intensive goods, such as downloadable music and software. Information, as an economic entity, differs in behavior compared to traditional goods. How do information-intensive goods differ from traditional information goods? Provide two examples of each. What is the principal economic characteristic of information? What are the principal implications for strategic decisions? What are the principal enablers for the continued importance of e-commerce trends? What does the term e-commerce 2.0 refer to? What are the main principles of e-commerce 2.0? Give real-life examples of e-commerce 2.0 principles. Do you think that your set of e-commerce 2.0 principles is comprehensive? Why? Are these principles congruent with your personal understanding of e-commerce? Paragraph 3 Added value is the portion of the total value created by an organization that would be lost if the organization did not take part in the exchange of information. It is the unique portion of the total value created that is contributed by the organization itself and depends on the effects of existing competition. Provide two examples of organizations that you think have been able to create value using IS. The first organization should have focused on the customers’ willingness to pay, while the second organization should have focused on supplier opportunity cost. Think about the last time you bought something that you felt was a “great deal.” Why do you think the product or service was a great deal? Do you think the firm you acquired the product or service from considered the transaction “great”? Why or why not? Provide an example of a firm that you think currently has added value. Explain your example using value analysis Paragraph 4 The value chain model identifies primary and supports activities within the organization relevant to the transformation process. What is the focus and principle objective of industry analysis applied to IS? Select two of the five competitive forces (new entrants, substitute products or services, bargaining power of buyers, bargaining power of suppliers, and the rivalry between existing competitors), and offer examples of firms that you believe have been able to influence those two forces by way of an IT-dependent strategic initiative. Justify your answers, and comment on the postings of your peers. Describe the focus and principal objectives of value chain analysis applied to IS. Why is it important to contextualize the value chain? Provide two examples of firms that you think have been able to create a competitive advantage using IS. Identify the primary activities most affected by IS in these firms. For each barrier to erosion (IT resources, IT project, complementary resources, and preemption barriers), provide an example of an IT-dependent strategic initiative that, in your opinion, leverages the barrier. Discuss which response-lag drivers underpin the barriers to erosion in your examples. How do you think the lag can be shortened? Do you think this will reflect on the profit line? Why or why not? Paragraph 5 Budgeting time is an exciting time in every organization. Managers meet to come up with an estimate of needs for the areas and functions they supervise, and on the basis of the means available, new initiatives and projects are prioritized as to their perceived promise in adding to the growth of the organization. What is the relationship between strategic IS planning and the yearly budgeting and prioritization process? What is the objective of each? Do you think that general and functional managers should be involved in decisions about funding IS assets and services? Justify your opinion. Who should be developing and presenting the business case for a new IS? Why? How would the new and existing ISs be funded and who would fund them? Propose three funding methods, and discuss the advantages and disadvantages of each. Risks are associated with every new project that an organization considers to undertake. In the budgeting process, organizations often think of diversification of their new efforts and initiatives in order to minimize the risk of failure. What are the principal drivers and risks associated with implementing a new IS project? What are the principal drivers and risks associated with IS outsourcing? Why should an organization evaluate the aggregate risk of its portfolio of projects? What should an organization do if the current level of portfolio risk is not aligned with the degree of risk deemed appropriate according to the strategic IS plan? Justify your answers using relevant examples.