BU111 Lecture Notes - Lecture 9: Correlation Does Not Imply Causation, Voice Of The Customer, Complementary Good
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BU111 Full Course Notes
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Technology improves the speed and amount you can produce (save time = money) replace jobs with human resources (costs) Technology has the capability to share something that was expensive to create (movies, music) r and d. Quicker innovation through technology allows customers problems to be solved solve a problem and solution will sell itself allows for easy customization machines. You may think technology is moving in one way and move forward to adapt that technology but customers prefer a different technology and now playing catch up. Through collaboration and technology, companies are able to better produce products that do more and last for a longer time at relatively same cost- (less. Malfunction in robot system causing defects. (cars with 3 wheels. ) Work at home : hard to supervise effort of work. Your big ideas can be developed the next day.
