Wk 3 Part 1In light of the following comments, discuss the questions listed below: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.Part 2IS Strategic PlanningThe strategic IS planning process defines how an organization plans to use and manage its IS resources to fulfill its strategic objectives. In this phase of your project and based on your understanding of current operations and also based on the requirements you gathered in Week 2, you will be required to go through the different phases of the IS strategic planning process for your case study. In doing so, you will use the tools and techniques you covered in the online lecture and in your textbook. In your report, make sure to cover and develop topics around:Strategic impact gridValue creationDifferent cost elementsYour report should introduce the high level recommendations for the new initiatives of the IS system based on your IS strategic planning process.Submission Details:Submit your plan in a 8–12 page Microsoft Word document, using APA style.