ITM 100 Study Guide - Midterm Guide: Business Process, E-Government, Intangible Property

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Robert Hudyma

Document Summary

Technology has forever changed the way business is conducted. Technology is always changing so one must learn to adapt. Three interrelated changes occurring in the technology area: Ea(cid:396)th is (cid:862)(cid:374)o(cid:449) flat(cid:863) tha(cid:374)ks to the i(cid:374)te(cid:396)(cid:374)et a(cid:374)d i(cid:373)p(cid:396)o(cid:448)ed (cid:272)o(cid:373)(cid:373)u(cid:374)i(cid:272)atio(cid:374)s te(cid:272)h(cid:374)ology. Companies/businesses must now compete with businesses from all over the world. Outsourcing actually leads to the acceleration of development of new systems. New tech has lead to the rise of fully digital firms. Digital firms are much more adaptable and efficient. Globalization and emerging technology has seen to the rise of the 24-hour work day. Not only are companies like google, amazon and ebay reliant on information systems. The(cid:396)e is a g(cid:396)o(cid:449)i(cid:374)g i(cid:374)te(cid:396)depe(cid:374)de(cid:374)(cid:272)e (cid:271)et(cid:449)ee(cid:374) a fi(cid:396)(cid:373)"s a(cid:271)ility to use it and its ability to implement corporate strategies and achieve it goals. Business firms invest in it to achieve 6 strategic business objectives: