BU111 Study Guide - Final Guide: Pc Gamer, Focused Improvement, Risk Aversion
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BU111 Full Course Notes
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Document Summary
Includes human knowledge, work method, equipment, business processing system. The various devices for creating, storing, exchanging and using information. Consumers use it daily (ie. atm, online shopping) Company use it to gather ad share information and execute activities. Technology transfer out of the lab and into the world, turn research into action. Technology make production more easier: uniqueness. Technology allows firms to come up with new product: value. It provides better management process a: networks enable information linkages between employees o o e. g. sales / profit information. Instant access to information for decision-making and increased responsiveness. To create barriers: communication and collaboration, within firm and customers, affect decision making, help making a better and quicker decision o. Tv ads, more visual, better impacts: customization o o. Information technology can let customer tell the firm how they want their product and how to make them better.
