ISM 3004 Exam 1 Study Guide | Questions with 100% Correct Answers | Verified | Latest Update 2024

Radical technological changes in recent decades have made it impossible for many industries and companies to continue operating in their normal way. They have been forced to adapt or become irrelevant. What term do we use for this phenomenon? - disruption The ability to digitize music led to radical changes in the music industry. The MOOC is another technological innovation that we discussed. What industry might that change? - higher education The term _____________ refers to a phenomenon whereby asset owners can use digital clearinghouses to rent the unused capacity of assets they own. Examples include the following: Turo - a website where individuals offer their personal cars for rent. airbnb - a website that allows people to rent their apartments or homes to travelers - share economy This computer pioneer accurately predicted that the number of transistors on a chip would double approximately every two years, at the same price. - Gordon Moore _______________ is a business strategy that achieves its goals through the use of a more consumerized work environment. - digital workplace Like uranium, tech skills and knowledge have a half-life -- and it is very short! New technology replaces old, making current skills less valuable. I recommended several specific actions you can take to prevent your tech skills from becoming "useless radioactive sludge." Type one of those recommended actions into the box below. - learn to learn