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Chapter 1

MGCR 331 Chapter Notes - Chapter 1: Consumer Privacy, Breakcore, Operations Management


Department
Management Core
Course Code
MGCR 331
Professor
Imad Mansour
Chapter
1

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Chapter 1: Setting the Stage: Technology and the Modern Enterprise
Section 1: Tech’s Tectonic Shift: Radically Changing Business Landscapes
- Learning Objective:
o Appreciate how in recent years, technology has helped bring about radical
changes across industries and societies
- Social media:
Catalyst for global change
- Technology can capture injustice, broadcast it to the world, disseminate ideas, and
rally the far-reaching
- U.S. does not held the number one ranking in home broadband access
Ranked 15th
- Open source software powers most of the web sites
- Cloud computing and software as a service are sophisticated, high-powered
computing into a utility available to even the smallest businesses and nonprofits
Section 2: It’s your revolution
- Learning objective:
o Name firms across hardware, software, and Internet businesses that were
founded by people in their 20s or younger
- Entrepreneurship has no minimum age requirement.
- The ranks of tech revolutionaries are filled with young people
o Several leading firms and innovations are founded by young people in ages of
20s.
Section 3: Geek up Tech is everywhere and you’ll need it to thrive
- Learning objective:
o Appreciate the degree to which tech has permeated every management
discipline.
o See that tech careers are varied, richly rewarding, and poised for continued
growth.
- Tech skills are becoming more important in all other management disciplines
- Moore’s Law:
As computing gets both faster and cheaper, it gets “baked into” all sorts of
products and shows up everywhere
Outsourcing push technology costs lower
- Finance:
o Tech is part of personal investments
o Usage of tech:
Transfer of funds
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