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Dejan Radeljić 4C Homework #1 CITA 460 - IT and Networked Economy
Dejan Radeljić 4C Homework #1 CITA 460 - IT and Networked Economy
Dejan Radeljić 4C Homework #1 CITA 460 - IT and Networked Economy
Homework #1
CITA 460 – IT and Networked Economy
Discuss the motivation to become an e-business.
Review the examples of the new versus the old economy cases. In what way did IT make
difference?
Explain why IT is a business pressure and also an enabler of response activities that
counter business pressures.
Why are there more opportunities for entrepreneurs in the digital economy?
- Entrepreneurs have more opportunities because of new way of doing business which
is everyday more and more adopted. Early entrants in digital economy had big
success in digital economy.
It is said that networked computing and the web change the way we live, work, and study.
Why?
- It changed many things in our lives. First of all, it changed daily habbits,
communication, working environment and many other things. It changed the concept
of communication and entertainment. Now we can text and video chat, send E-
mails(Instead of letters) instantly. Search engines provide us way to search any
information worldwide and helps us in getting up to date. Internet provides us way of
online shopping and get our things delivered right at our doorstep, We can perform
banking transactions with Internet. It is also a way of distant education.
Explain the sequence of events in business performance management model.
- BPM is a new frontier in IT-enabled enterprise that supports the monitoring and
control of business operations. BPM solutions must be able to efficiently process
business events, compute business metrics, detect business situations, and provide
the real-time visibility of key performance indicators. Business Process Modelling is a
method for improving organisational efficiency and quality. Its beginnings were in
capital/profit-led business, but the methodology is applicable to any organised
activity.
- Internet commerce will give rise to new kinds of business models. One of the oldest
forms of brokering, auctions have been widely used throughout the world to set
prices for such items as agricultural commodities, financial instruments, and unique
items like fine art and antiquities. The Web has popularized the auction model and
broadened its applicability to a wide array of goods and services.
- Information systems are processing of data, but when that data comes from multiple
locations, with each set of elements touching different people with different
expectation. IT people and operational people differ fundamentally in one very
important way, each looks at a situation from a different angle. So we can conclude
that we have many factors that can impact a „system fail“.
- The portion of the website book specifies is no longer active and/or open for public.
- Each virtual world lends itself to a different marketing strategy. In Whyville, where
users tend to be fall between ages 8-15, the company launched a kind of virtual
driver's ed ucation – something kinds and younger teens would find fun/usefull. .
There.com is populated by those in their late teens, so Scion made sure to create a
more provocative social environment. From the advertising point of view – Toyota's
strategy is amazing – they don't try to make on-size.fits-all kind of advertising
campaign that leaves a lot to be desired – they divided their target groups and
bombard them with specific ads relevant to their interests.
- Commerce activities mostly associated with social networking are best summarized
by business professionals who use them (taken from pcworlds “social networks go to
work” article) – reasons for "professional networking with colleagues," "learning
about colleagues," "research," "setting up a meeting," and "sales prospecting”.