BU111 Lecture Notes - Lecture 7: Complementary Good, Information Overload, Technology Transfer
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BU111 Full Course Notes
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Informaion technologies: afect informaion access, inter-irm relaionships, cycle imes (how long it takes to complete a process) Not limited to computers and informaion (eg. swifer wetjet, technological advancement for mopping) Business implicaion: afects what we produce, what it can do, how we produce and how we sell. Includes human knowledge, work methods (e-mail), equipment (roboic equipment), business processing systems (online shopping payment) Various devices for creaing, storing, exchanging and using informaion. Companies use it to gather and share informaion and execute aciviies. Technology transfer (taking the technology out of the lab and applying it in the world) Electricity, trains/ships, assembly line, airplanes, mass media, computers, smart products, internet, telecommunicaions . Improvement of producivity phase, informaion phase (sharing, obtaining and using ), now into the smart product phase. Innovaion, uniqueness (allows user to make unique), value. Instant access to informaion (eg. see when customer iles a complaint)
