BU111 Lecture Notes - Field-Sequential Color System, Customer Switching, Iphone 4
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The internet affects buying, selling, and communication. Now we can buy from anywhere around the world because of the internet. Who we sell to and how we choose to sell is influenced. Information technologies affect information access, inter-firm cooperation, cycle times. We used to have to contact and place the order between firms, but now we can access their. Ex: facebook communication has changed dramatically who/how we connect is important systems and place the order ourselves. Cycle time: how long it takes to develop a new product faster as we don"t need to actually build them from scratch; computer simulators do all the work reduces cycle time. Releasing new product before iphone 4 was released, apple was already working on iphone 5 so that they could let as many people buy iphone4s as possible, maximize profits, then release. Computer technologies have changed our products and how we design and build. New technologies and products smart phones, cars that park themselves.