Inst335 final exam, (Answered) With Complete
Verified Solution
Network Effects/externalities
Metcalfe's law
- the value of a product or service increases as the number of users grow
(supply and demand)
Network effects: switching cost
the cost a consumer incurs when moving from one product to another (strengthens)
- more friction to prevent user movement
Network effects: complementary benefits
products of services that affect additional value to the network
Groupthink
A situation in which group members seek unanimous agreement despite their individual
doubts
- stereotype views, devils advocate
Leadership definition
the social and informal sources of influence individuals use to inspire the action of
others
Human Resources: selection and placement:
accounting perspectives new hires with the nature of the jobs they will be expected to
fulfill
Human Resources; job design
putting together various elements to forma job, worker requirements, safety
Human Resources: compensation and rewards
pay based on performance, access to information = more motivated
Human Resources: diversity management:
actively appreciating and using the differing perspectives and ideas that individuals
bring to the workplace
project mangament
strong planning skills, good communication, ability to implement a project to deliver the
product to service while monitoring risks
Project Attributes
temporary
unique
new
continuous work
project definition
A temporary endeavor undertaken to create a unique product, service, or result.
project mangament is...
the application of knowledge, skills, tools, and techniques applied to project activities in
order to meet requirements
- planning, action, measuring performance/progress
project scope:
Verified Solution
Network Effects/externalities
Metcalfe's law
- the value of a product or service increases as the number of users grow
(supply and demand)
Network effects: switching cost
the cost a consumer incurs when moving from one product to another (strengthens)
- more friction to prevent user movement
Network effects: complementary benefits
products of services that affect additional value to the network
Groupthink
A situation in which group members seek unanimous agreement despite their individual
doubts
- stereotype views, devils advocate
Leadership definition
the social and informal sources of influence individuals use to inspire the action of
others
Human Resources: selection and placement:
accounting perspectives new hires with the nature of the jobs they will be expected to
fulfill
Human Resources; job design
putting together various elements to forma job, worker requirements, safety
Human Resources: compensation and rewards
pay based on performance, access to information = more motivated
Human Resources: diversity management:
actively appreciating and using the differing perspectives and ideas that individuals
bring to the workplace
project mangament
strong planning skills, good communication, ability to implement a project to deliver the
product to service while monitoring risks
Project Attributes
temporary
unique
new
continuous work
project definition
A temporary endeavor undertaken to create a unique product, service, or result.
project mangament is...
the application of knowledge, skills, tools, and techniques applied to project activities in
order to meet requirements
- planning, action, measuring performance/progress
project scope:
