ITM 100 Lecture 4: Week 4 Notes.docx

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Ron Babin

Document Summary

Many people would have no idea how work would get down without laptops. Cannot remember how lives without cell phones were: crucial for our jobs. Primary changes and challenges organizations focus on are: innovation (finding new, social entrepreneurship (going green, social networks (who"s who, virtual worlds (it"s a whole new world) Needs to cut costs while still creating a competitive advantage. Finding your relevant edge: finding an edge, innovations resulting from these efforts on the edge could lead to significant improvement on the product line. Using chilling and sustained innovation building long term, trust based relationships: performance improvement comes first in the form of tacit knowledge. Difficult to express and communicate more broadly. Reward risk takers: recognize people who are likely to be attracted to the edge, relentlessly seek new challenges, executives need to be thoughtful about how to attract these people.