Strategic e-marketing and performance metrics
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CHAPTER TWO STRATEGIC E-MARKETING AND PERFORMANCE METRICS Multiple Choice Which of the following is a goal oriented focus of strategic planning? growth competitive position geographic scope (e.g., expansion) all of the above (d; Easy; LO1; Analytic Skills) The four performance areas of the balanced scorecard include all of the following except ________. customer perspective internal business perspective learning and growth perspective metrics perspective (d; Moderate; LO3; Analytic Skills) Regarding customers and business partners, e-marketing is capable of improving the overall value propositions by ________. increasing benefits for customers decreasing costs for customers and the company increasing the revenues all of the above (d; Moderate; LO2; Analytic Skills) The various levels of organizational commitment to e-business include all of the following, except ________. activity business process enterprise business policy (d; Moderate; LO2; Use of Information Technology) The costs associated with the organization’s value proposition include, for example, ________. time energy psychic all of the above (d; Easy, LO3; Analytic Skills) Which of the following is true about business use of informational technology? It generally increases benefits to stakeholders. It generally lowers costs to stakeholders. It can lead to a decrease in value to stakeholders. All of the above. (d; Easy; LO1; Use of Information Technology) Which of the following is not a viable competitive position for a firm within its given industry? industry leader (e.g., Google) price leader (e.g., Priceline) quality leader (e.g., Mercedes) business model leader (e.g., Borders) (d; Moderate; LO1; Analytic Skills) Corporate level business strategies that include information technology components, such as internet, digital databases) are known as ________. marketing strategies e-business strategies e-marketing strategies corporate strategies (b; Easy; LO2; Use of Information Technology) Which of the following is not one of the four appropriate rationales for choosing the objectives of a strategic plan? strategic justification personal justification technical justification financial justification (b; Moderate; LO1; Reflective Thinking Skills) Important elements of value include all of the following except ________. customers’ perception of product benefits partners’ perception of product costs customer evaluations of support services all of the above (b, Moderate, LO3; Analytic Skills) Which of the following processes is unlikely to be carried out at the activity level of e-business commitment? customer relationship management online purchasing dynamic pricing online (a; Difficult; LO2; Reflective Thinking Skills) Which of the following is not an activity which is likely to be practiced at the business process level of e-business commitment? content publishing knowledge management direct selling database marketing (c; Difficult; LO2; Reflective Thinking Skills) ________ are specific measures designed to evaluate the effectiveness and efficiency of an organization’s operations. Strategic outcomes Key performance metrics Business models Strategic objectives (b; Moderate; LO3; Analytic Skills) ________ can be learned from dividing net profits by total assets. Return on investment (ROI) Market capitalization Earnings Income (a; Easy; LO3; Analytic Skills) Profits and return on investment (ROI) are among the most common metrics used to assess performance from the ________ perspective. customer internal innovation/learning financial (d; Moderate; LO3; Reflective Thinking) Content sponsorship, direct selling, and social networking, occur at the ________ of the e-business model. activity level business process level enterprise level none of the above (c; Difficult; LO2; Use of Information Technology) Database marketing and customer relationship management (CRM) occur at the ________ of the e-business model. activity level business process level enterprise level none of the above (b; Difficult; LO2; Use of Information Technology) Within the e-business model, e-mail occurs ________. at the activity level at the business process level at the enterprise level none of the above (a; Difficult; LO2; Use of Information Technology) Within the e-business model, order processing occurs ________. at the activity level at the business process level at the enterprise level none of the above (a; Difficult; LO2; Use of Information Technology) The internal perspective of the Balanced Scorecard gives particular attention to ________. market share shareholder value supply chain value to the company customer satisfaction (c; Moderate; LO3; Analytic Skills) True/False The Balanced Scorecard is based on three stakeholder perspectives. True False (b; Easy; LO3; Analytic Skills) Return on investment (ROI) is a popular metric used to measure performance regarding the financial perspective or the Balanced Scorecard. True False (a; Moderate; LO3; Analytic Skills) According to the text, Raytheon has measured transactions and loyalty to evaluate the customer perspective of the Balanced Scorecard. True False (a; Moderate; LO3; Reflective Thinking Skills) Objectives, strategies and tactics exist exclusively at the executive level. True False (b; Difficult; LO1; Reflective Thinking Skills) In order to determine whether a business model is an appropriate fit for a given firm it is important to consider connected activities and price. True False (a; Moderate; LO2; Reflective Thinking Skills) All e-business models are internet business models. True False (b; Easy; LO2; Reflective Thinking Skills) Customer relationship management focuses only on retaining existing individual customers. True False (b; Moderate; LO2; Reflective Thinking Skills) The Balanced Scorecard can be used by all types of businesses. True False (a, Moderate, LO3; Reflective Thinking Skills) Strategy represents the means to achieve a goal. True False (a; Easy; LO1; Reflective Thinking Skills) An e-business model is a method by which the organization sustains itself in the long term using information technology resources and principles. True False (a; Moderate; LO2; Use of Information Technology) Information technology always lowers costs to business stakeholders. True False (b; Difficult; LO2; Use of Information Technology) Growth in market share is the main way for e-commerce companies to evaluate long term performance. True False (b; Difficult, LO3; Analytic Skills) Essay What are four types of justifications that a decision maker may cite to support or oppose an organizational or marketing campaign? Strategic justification Operational justification Technical justification Financial justification (Moderate; LO1) From the customer’s perspective, what are the value-added benefits of e-marketing? Online mass customization Personalization 24/7 Convenience Self-service ordering and tracking One-stop shopping (Moderate; LO1; Use of Information Technology) Business organizations may vary according to their e-business activities. What are the different levels of commitment to e-business available to these organizations? Activity: e-mail, blog Business process: customer relationship management (CRM) Enterprise: offline and online retailing Pure play: 100% online, dot-com or dot-net, presence (Difficult; LO2; Use of Information Technology) What are the benefits of the Balanced Scorecard? Means to monitor and measure performance Links strategy to measurement Measure performance metrics in customer, internal, innovation and learning, and financial areas. (Difficult; LO3; Analytic Skills) What are the four perspectives of the Balanced Scorecard? Customer Internal business Learning and growth Financial (Easy; LO3) On what bases can organizations appraise or evaluate their business models? Customer Value Scope Price Revenue Sources Connected Activities Implementation Capabilities Sustainability (Moderate, LO2; Analytic Skills) The Balanced Scorecard provides several metrics for evaluating the customer perspective. What are these specific metrics? Customer Loyalty Lifetime Value Customer perceptions Penetration of target market Customer buying patterns (Difficult; LO3) ScholarStock Directory: wp-content -> uploads -> 2017 2017 -> Pueblo West High School International Baccalaureate Extended Essay Handbook Updated November 2015 2017 -> To begin with, it should be unsurprising that “fast food” is incredibly popular in countries like Britain and the usa. Consumers spend a large portion of their income on fast foods. 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