BU111 Lecture Notes - Lecture 16: Information Overload, Network Effect, Complementary Good

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BU111–Lecture16–TechnologyFactors
Opportunities
Products–innovation,uniqueness,value
oMasscustomization–highvolumebutstillcanbedifferent
Managementandorganizationalprocesses
oInstantaccesstoinformation
Moreresponsivetochangesinenvironment
oBetterservicethroughcoordination
Everyonecanprovideinputandideas
oLeanerorganization
Doingmorewithless
Technologyisfasterthanhumans
oImprovedoperationsefficiencyieCAD,ERP
Computerassistancedesign
Enterpriseresourceplanning
oGreaterindependenceofcompanyandworkplace
Givesemployeesgreaterflexibility
Attractbetteremployeecommitment
Competitiveness
oCreatebarrierstoentry;cooperationwithotherfirms;reducecycletimes
Communicationandcollaboration
oWithinfirmandwithcustomers
Customization
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