ITM 100 Chapter Notes - Chapter 1: Digital Goods, Transaction Cost, Computer Hardware

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

Document Summary

Three interrelated changes in technology: the emerging mobile digital platform, the growing business use of big data, the growth in cloud computing, more and more business software runs over the internet. Emerging mobile digital platform: movement of computing businesses from pc and desktop to mobile devices. Business relationships with customers, suppliers and employees. Core business processes accomplished through digital networks spanning the entire organization or linking multiple organizations. Business processes: set of logically related tasks and behaviours an organization develops over time to produce results and uniqueness of how activities are organized. Developing a new product, generating and fulfilling an order, creating a market plan and hiring an employee. Key corporate assets: intellectual property, core competencies, financial and human assets manage through digital means. Time shifting: business conducted 24/7 instead of during work day (whenever) Space shifting: business taking place globally or within national boundaries (wherever)