Study Guide Essay

Study Guide Essay

Mental models Learning Objectives: In the past ten years, how has technology helped bring about revolutionary changes across industries and throughout communities? What is the impact of a disruptive technology? Precisely what is its flight? Why do we treatment? To what level has technology permeated just about every management discipline? Be able to offer a few types of how technology has changed areas such as fund, marketing, procedures, accounting, etc . What kinds of careers are available to someone with an THIS background? Phase 2: “Strategy and Technology: Concepts and Frameworks that Separate Champions from Losers” Terms: Hurdle to admittance Brand Bundling Business method Capital depth Channel issue Commodity Competitive advantage Differentiation Distribution channels Economies of scale Quickly follower trouble Imitation-resistant benefit chain Information asymmetry Great app Network effects Functional effectiveness Porter’s Model of Market Structure (5 Forces) Porter’s Model of Competitive Advantage Resource-based view of competitive edge Scale advantages Search costs Straddling Strategic positioning Lasting competitive benefit Switching costs Value chain Viral advertising Learning Aims: How is usually operational performance different than ideal positioning? About what degree can easily technology-based competition created functional effectiveness? Precisely what is the importance of grounding competitive advantage (CA) in strategic positioning? Exactly what the four characteristics of a resource which may possibly yield sustainable CA? Why is technology critical to enabling competitive advantage? Exactly what some examples of firms that contain used technology to organize for sustained competitive advantage? Precisely what is the relationship between timing, technology and the creation of resources for CA? What are some examples of barriers to entry? Be able to recognize the difference between low barriers to entry plus the prospects to get sustainability of new entrant’s efforts? (Just as it might be easy to START a business doesn’t mean it is easy to Remain in business. ) Relate this to Refreshing Direct and straddling. What are the five forces that affect competitive advantage? Have the ability to apply the five forces framework to a industry, examining the competitive landscape as well as the role of technology in influencing the relative power of buyers, suppliers, competitors and alternatives. Manage to diagram and compare how various firms organize to create products and services to market. Be able to acknowledge components offering operational performance or strategic positioning. Phase 3: “Zara: Fast Fashion from Knowledgeable Systems” Terms: Bullwhip impact Contract developing Information System (IS) Just-in-time manufacturing Strategies Margin (gross margin) Functions Personal digital assistants Point-of-sale (POS) systems Radio frequency identification (RFID) tags Return on Investment Vertical the usage Learning Goals: How has Zara’s father or mother company Inditex leveraged a technology-enabled strategy to become the world’s largest style retailer? How exactly does Zara’s procedure differ from the standard wisdom in fashion retail? How exactly does the firm’s strategic use of information technology effect design and product offerings, manufacturing, products on hand, logistics, marketing and, ultimately, earnings? How does Zara’s approach deal with specific elements that Difference has battled with for over a decade? Exactly what the advantages and drawbacks of top to bottom integration? What are the advantages and drawbacks of deal manufacturing? How come inventory management so important? What goes on when a dealer has too much inventory? What goes on when a dealer has not enough inventory? Precisely what are the five components that make up an information system? Which one is definitely hardest to change? Chapter 6: “Understanding Network Effects Conditions: Backward compatibilityBlue Ocean strategyComplementary benefitsConvergenceCongestion effects MonopolyNetwork effectsOligopoly| One-sided marketPlatformStaying powerSwitching costsTotal cost of control (TCO)Two-sided market| Learning Targets: Be able to understand products or services that are subject to network effects. Have the ability to recognize products and services that are NOT susceptible to network effects. What are three main types of value pertaining to network results? What elements contribute to the endurance and free of charge benefits of an item or service subject to network effects? What is the difference between one-sided and two-sided marketplaces? How does competition in market segments where network effects exist differ from competition in traditional markets? Why is it so difficult intended for late-moving, incompatible rivals to compete in markets where a dominant, exclusive standard exists? What are some strategies for competitive in market segments where network effects exist, both through the perspective from the incumbent as well as the new market entrant? Exactly what are some examples of firms which have leveraged these types of strategies to be competitive effectively? | “Moore’s Rules: Fast, Affordable Computing and What it Means for the Manager” Terms: Capital expense finances Cloud computing E-waste Display memory Grid computing Permanent magnetic storage Microprocessor Moore’s Regulation Nonvolatile recollection Optical dietary fiber line Optical storage Value elasticity Randomly access storage (RAM) Semiconductor Server farm building Software as a service (SaaS) Solid condition electronics Supercomputers Volatile memory Learning Objectives: How does the price elasticity linked to faster and cheaper technology open new markets, make new possibilities for businesses and contemporary society, and catalyze industry dysfunction? Be able to rank the memory space units and know all their abbreviations. Start to see the “Bits and Bytes” data in Section 1 . installment payments on your Be able to give the approximate size of different things (an email = some KB, a typical hard drive=around 100 GIGABYTE, etc . ) What are the managerial implications for faster and cheaper calculating? How does Moore’s Law influence such areas as proper planning, inventory and accounting? What does Moore’s law have to do with inventory values? What are some examples with the business make use of supercomputing and grid calculating? How does grid computing change the economics of supercomputing? What kinds of danger is well-suited pertaining to supercomputing and grid computer? What kinds of trouble is not? Chapter 9: “Understanding Software: A Primer intended for Managers” Conditions: Application encoding interfaces (APIs) Business intelligence devices Client (as in Client/Server architecture) Compliance Computer hardware Buyer relationship supervision (CRM) Data Database Repository administrator.

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