BU111 Study Guide - Final Guide: Betamax, Enterprise Resource Planning, Online Shopping
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BU111 Full Course Notes
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Document Summary
Five industries that have radically changed by technology. Travel: book trips online, see pictures of hotels and vacation spots. Information technologies affect information access, inter-firm cooperation, cycle times. Business implication: affects what we produce/what it can do, affect how we produce and how we sell. Includes human knowledge, work methods, equipment, business processing systems. Includes information technology the various devices for creating, storing, exchanging, and using information. Consumers use it daily, i. e atm, shopping. Companies use it to gather and share information and execute activities. Formal and informal research & development (r&d) Investigations into biology, chemistry, not being applied to a specific scenario. Applied r&d specific problem in mind: focuses on solving a specific problem. Technology transfer out of the lab and into the world: taking the invention and turning it into money. Telecommunications: transfer communication on the phone. The power of products is increasing (better design process, capabilities, etc. )
