How do the value chain and value web models help businesses identify opportunities for strategic information system applications?

• Define and describe the value chain model.

• Explain how the value chain model can be used to identify opportunities for information systems.

• Identify and describe the features of organizations that help explain differences in organizations’ use of information systems.
• Describe the major economic theories that help explain how information systems affect organizations.

• Define the value web and show how it is related to the value chain.
• Explain how the value web helps businesses identify opportunities for strategic information systems.
• Describe how the Internet has changed competitive forces and competitive advantage.