LSUS ISDS 705 MIDTERM STUDY GUIDE
Drones - Answers - Remote controlled products that are being used for tasks like
photograph and deliveries. Impacted by the expansion of cheap processors and
softwares
Internet of Things - Answers - Small parts put in various products that connect them to
the internet and their users remotely. Rapid growth, 5 billion devices today, estimated 25
billion in the future
New Technology - Answers - Fuels globalization, redefined concepts of software and
computing, lowered costs, fueled data driven decision making, raised privacy and
security concerns
Social Media - Answers - Relatively new, sites like youtube, facebook twitter are
preferred communication tools serves as a catalyst for change Improves
Technology in China - Answers - China went from being unplugged to the most internet
users in the world. WeChat received more payment activity in one day than paypal did
in one year. Baidu, Tencent and Alibaba, the largest IPO, are powerhouses
Technology in Finance - Answers - Technology is well suited for IPO markets and
Mergers and Acquisitions. Can make certain capital obsolete. Important to lending and
evaluating role of tech in investment portfolios
Technology in Human Resources - Answers - Knowledge Management is moving to
social media. Employee training, screening and evaluation. Recruiting, professional
social
networking, job seekers
Technology in India - Answers - India has emerged as a techno power house, 2
decades have amassed 120 billion dollar industry. TCS (Tata Consulting Service) is
second only to IBM as a technology solutions firm
Technology in Law - Answers - Activity is increasing in IP, patents, piracy and privacy.
Need legal teams to deal with legality, proprietary methods and content, help enforce
claims domestically and internationally
Technology in Marketing - Answers - Shift from traditional media to web, increases
customer tracking and analysis of campaigns, Firms are using apps to generate sales,
improve rep, better serve
Youth in Technology - Answers - Many of the world's most successful firms created by
youth. Bill Gates, Michael Dell, Mark Zuckerburg, Steve Jobs were all very young when
they began their tech empires
, Danger of Technology Reliance - Answers - Technology has high rate of new products
and competitors. This makes it unreliable as a source of competitive advantage.
Technology in Accounting - Answers - Improves audit reliability, increased regulation has
strengthened relationship between accounting and technology. Many firms have
spawned technology focused consulting practices
Technology in Africa - Answers - Sub-saharan Africa is implementing fast and cheap
tech as an economic boost. 70% of the region have mobile connection, many of the
nations of the region are the fastest growing economies in the world. Many major tech
firms like Google, IBM and Microsoft run operations in this region
Technology in Business - Answers - Business models and strategies rapidly change
because of technology. It can create new giants, but many companies can fall because
of competition
Fast Follower Problem - Answers - Exists when competitors watch and learn from a
competitor, then enter the market with a comparative or superior product at a lower
price. Technology is very susceptible to this.
Resource-Based View - Answers - A firm must control resources with four
characteristics; Valuable, rare, inimitable, non-substitutable
Straddling - Answers - Attempts to occupy more that one position, while failing to match
the benefits of a more efficient, singularly focused rival
Strategic Positioning - Answers - Performing different activities than rivals, or the same
activities in a different way
Contract Manufacturing - Answers - Company outsources with firm to produce with that
firms resources and employees. Lower costs, can be bad for employees, can damage
firm rep if partner misbehaves
Fair Factories Clearinghouse - Answers - Established with major effort from Reebok,
provides systems where companies may share audit info on contract manufacturers.
Keep record of misdeeds and notifies all members
Logistics - Answers - Coordinating and enabling the flow of goods, people, information,
and other resources among locations.
Omnichannel Strategy - Answers - Blends online and offline sales in ways that benefit
the consumer
Operations - Answers - The organizational activities that are required to produce goods
or services. Operations activities can involve the development, execution, control,
Drones - Answers - Remote controlled products that are being used for tasks like
photograph and deliveries. Impacted by the expansion of cheap processors and
softwares
Internet of Things - Answers - Small parts put in various products that connect them to
the internet and their users remotely. Rapid growth, 5 billion devices today, estimated 25
billion in the future
New Technology - Answers - Fuels globalization, redefined concepts of software and
computing, lowered costs, fueled data driven decision making, raised privacy and
security concerns
Social Media - Answers - Relatively new, sites like youtube, facebook twitter are
preferred communication tools serves as a catalyst for change Improves
Technology in China - Answers - China went from being unplugged to the most internet
users in the world. WeChat received more payment activity in one day than paypal did
in one year. Baidu, Tencent and Alibaba, the largest IPO, are powerhouses
Technology in Finance - Answers - Technology is well suited for IPO markets and
Mergers and Acquisitions. Can make certain capital obsolete. Important to lending and
evaluating role of tech in investment portfolios
Technology in Human Resources - Answers - Knowledge Management is moving to
social media. Employee training, screening and evaluation. Recruiting, professional
social
networking, job seekers
Technology in India - Answers - India has emerged as a techno power house, 2
decades have amassed 120 billion dollar industry. TCS (Tata Consulting Service) is
second only to IBM as a technology solutions firm
Technology in Law - Answers - Activity is increasing in IP, patents, piracy and privacy.
Need legal teams to deal with legality, proprietary methods and content, help enforce
claims domestically and internationally
Technology in Marketing - Answers - Shift from traditional media to web, increases
customer tracking and analysis of campaigns, Firms are using apps to generate sales,
improve rep, better serve
Youth in Technology - Answers - Many of the world's most successful firms created by
youth. Bill Gates, Michael Dell, Mark Zuckerburg, Steve Jobs were all very young when
they began their tech empires
, Danger of Technology Reliance - Answers - Technology has high rate of new products
and competitors. This makes it unreliable as a source of competitive advantage.
Technology in Accounting - Answers - Improves audit reliability, increased regulation has
strengthened relationship between accounting and technology. Many firms have
spawned technology focused consulting practices
Technology in Africa - Answers - Sub-saharan Africa is implementing fast and cheap
tech as an economic boost. 70% of the region have mobile connection, many of the
nations of the region are the fastest growing economies in the world. Many major tech
firms like Google, IBM and Microsoft run operations in this region
Technology in Business - Answers - Business models and strategies rapidly change
because of technology. It can create new giants, but many companies can fall because
of competition
Fast Follower Problem - Answers - Exists when competitors watch and learn from a
competitor, then enter the market with a comparative or superior product at a lower
price. Technology is very susceptible to this.
Resource-Based View - Answers - A firm must control resources with four
characteristics; Valuable, rare, inimitable, non-substitutable
Straddling - Answers - Attempts to occupy more that one position, while failing to match
the benefits of a more efficient, singularly focused rival
Strategic Positioning - Answers - Performing different activities than rivals, or the same
activities in a different way
Contract Manufacturing - Answers - Company outsources with firm to produce with that
firms resources and employees. Lower costs, can be bad for employees, can damage
firm rep if partner misbehaves
Fair Factories Clearinghouse - Answers - Established with major effort from Reebok,
provides systems where companies may share audit info on contract manufacturers.
Keep record of misdeeds and notifies all members
Logistics - Answers - Coordinating and enabling the flow of goods, people, information,
and other resources among locations.
Omnichannel Strategy - Answers - Blends online and offline sales in ways that benefit
the consumer
Operations - Answers - The organizational activities that are required to produce goods
or services. Operations activities can involve the development, execution, control,
