ISM3004 Exam 1 (Scavenger Hunt 1-3) With complete solution Newest 2025 100% verified correct answers

ISM3004 Exam 1 (Scavenger Hunt 1-3)
With complete solution Newest 2025
100% verified correct answers
What is disruption? - Correct Answers "To cause something to be unable to continue in its
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normal routine" this can be either a treasure or a tumult
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Technology is a disruptor - what does that mean? - Correct Answers Tech creates both
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treasure and tumult. These disruptions will accelerate, impact organizations, careers, and
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job functions throughout your lifetime.
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Technology has caused normal routines to change completely I I I I I I I




Advertising - Correct Answers print ads are practically out, Google alone has more ad
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revenue than all of print
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Causing the trust of ads to decrease
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Education - Correct Answers Online classes/Universities are taking away from the
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"traditional" schooling
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Financial Services - Correct Answers Majority of banking can be done via apps
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Credit Card Machine - "Square"
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Journalism - Correct Answers Professional writers aren't being hired by news companies,
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because they hire external bloggers
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Wikileaks

Retail - Correct Answers Traditional stores taking a hit by online shopping companies
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Share Economy - Correct Answers Alternative ways to hotels, music, rental cars, taxis
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For video rentals, music industry, and higher education be able to explain...
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What was the normal way of doing business? - Correct Answers Go to a brick and mortar
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store like Blockbuster, which included uncertainty, long lines, and late fees
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For video rentals, music industry, and higher education be able to explain...
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,What was the tech change? - Correct Answers Netflix came with "same but different"
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change. It implemented highly efficient distribution centers which shipped and received
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videos. Their entire catalogue and recommendations were all on their website.
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The way the content was delivered changed. Netflix recognized that CD's weren't the future,
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so changed to streaming media across the internet
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What was the treasure outcome for some and what was the tumult outcome for others?
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Video Rentals - Correct Answers Treasure Outcome: Netflix
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Tumult Outcome: Blockbuster I I




Netflix is one of the highest grossing streaming platforms and Blockbuster only has one
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store left globally
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What was the treasure outcome for some and what was the tumult outcome for others?
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Music Industry - Correct Answers Treasure Outcome: Digital music platforms (iTunes,
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Spotify)
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Tumult Outcome: Physical music I I I




But in terms of whole album sales, physical music is the treasure and digital music is the
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tumult because most people don't digitally buy an entire album, they usually only buy a
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single song
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What was the treasure outcome for some and what was the tumult outcome for others?
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Higher Education - Correct Answers This is both a treasure and tumult for the universities
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that are willing to adapt to changes in technology because it allows them to have more
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students no matter where the students are; however, it also means that there may be a time
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where physical universities are only available to people who are well off or won't exist at all.
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Be able to define the term "share economy" and give an example.
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Share Economy - Correct Answers Refers to a phenomenon whereby asset owners can
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use digital clearinghouses to rent the unused capacity of assets they own and consumers
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rent from their peers rather than buying or renting from a company
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How does IT bring asset owners and consumers together in the share economy? - Correct
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Answers By using Digital Clearinghouses to rent from their peers instead of companies.
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How is the share economy disruptive? - Correct Answers It disrupts the new normal
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between consumers and rental businesses.
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, Briefly explain four key factors causing these disruptions:
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Moore's Law I




...and who is the tech pioneer who proposed Moore's Law? - Correct Answers The
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observation that computing power roughly doubles every two years at the same price
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Gordan Moore (Intel co-founder) I I I




Briefly explain four key factors causing these disruptions:
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Moore's Law I




Be able to explain what Moore's Law says. - Correct Answers Every 2 years, the abilities of
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our electronic devices will double while staying at approximately the same price as time
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goes on
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This also means that a device that has a constant amount of abilities or power will be twice as
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cheap every 2 years
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Briefly explain four key factors causing these disruptions:
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Moore's Law I




Some products only need a small amount of computing power. How does Moore's Law
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make these products more affordable over time? - Correct Answers Cost for CPU has
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become cheaper and cheaper over the years.
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Briefly explain four key factors causing these disruptions:
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Social Media I




Be able to use one of the statistics about business of social media from the lecture to explain
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why over 140 million businesses regularly use Facebook to communicate with their
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customers. - Correct Answers The population of people using facebook is 2.4 billion -
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Facebook in size is just behind China and India
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Users share their purchases, domino effect (55%)
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Relationships/Divorces

Generates about twice the leads as shows, telemarketing, mail I I I I I I I I




Briefly explain four key factors causing these disruptions:
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Mobile