1.
Describe five factors to consider when
assessing the growing impact of IT in business firms both today and over the
next ten years.
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Your Answer:
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Describe five factors to consider when assessing the
growing impact of IT in business firms both today and over the next ten
years.
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Five factors include:
- Internet growth and technology convergence
- Transformation of the business enterprise
- Growth of a globally connected economy
- Growth of knowledge and information-based economies
- Emergence of the digital firm.
2.
Businesses firms are going through a period
whereby they are transforming in order to become digital firms. Discuss how
they are using technology in order to do this.
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Your Answer:
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Businesses firms are going through a period whereby they
are transforming in order to become digital firms. Discuss how they are using
technology in order to do this.
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A digital firm is one in which nearly all of the
organization's significant business relationships with customers, suppliers,
and employees are digitally enabled and mediated. Digital firms use the
Internet and networking technology to make data flow seamlessly among different
parts of the organization; streamline the flow of work; and create electronic
links with customers, suppliers, and other organizations.
3.
The emergence and strengthening of the
global economy is one of the worldwide changes altering today's business
environment. Other than the Internet, how have information systems been part of
this trend?
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Your Answer:
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The emergence and strengthening of the global economy is
one of the worldwide changes altering today's business environment. Other
than the Internet, how have information systems been part of this trend?
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Companies are distributing core business functions in
product design, manufacturing, finance, and customer support to locations and
other countries where the work can be performed more cost effectively.
Information systems provide the communication and analytic power that firms
need to conduct trade and manage business on a global scale.
4.
Discuss the digital firm in terms of the
organization's significant business relationships with customers, suppliers,
and employees.
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Your Answer:
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Discuss the digital firm in terms of the organization's
significant business relationships with customers, suppliers, and employees.
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In a truly digital firm, all these relationships are
digitally enabled and mediated. Key corporate assets are managed through
information systems, which mean that any piece of information required to
support key business decisions is available anytime, anywhere in the firm.
These firms have a near total reliance on a set of information technologies to
organize and manage all their assets. Information technology is not simply
useful; it is the core of the business and the primary management tool.
5.
An organization coordinates work through a
structured hierarchy and formal, standard operating procedures. Define what
this means.
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Your Answer:
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An organization coordinates work through a structured
hierarchy and formal, standard operating procedures. Define what this means.
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The hierarchy arranges people in a pyramid structure
of rising authority and responsibility. The upper levels of the hierarchy
consist of managerial, professional, and technical employees, whereas the lower
levels consist of operational personnel. Standard operating procedures are
formal rules that have been developed over a long time for accomplishing tasks.
These rules guide employees in a variety of procedures, from writing an invoice
to responding to customer complaints. Most procedures are formalized and
written down, but others are informal work practices that are not formally
documented.
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