BUS 237 Chapter Notes - Chapter 3: Gross Domestic Product, Bell Canada, Netflix

• School: Simon Fraser University
• Department: Business Administration
• Course: BUS 237
• Professor: Ahmad Bisher

Document Summary

Communications technology {ict} sector): (cid:862)we see (cid:272)o(cid:373)puters e(cid:448)er(cid:455)(cid:449)here e(cid:454)(cid:272)ept i(cid:374) the produ(cid:272)ti(cid:448)it(cid:455) statisti(cid:272)s(cid:863). The question is how it adds to productivity, or how. It allows a company to create more and better output from the same inputs and create them faster before the technology was in place. Example: completing tax forms online: the second way to realize the investment value of it is through the structure of competition. Example: netflix example: the final way that it investment value is realized is through benefits to the end consumer. It helps make processes more efficient and changes the nature of competition. With increased competition, the reduction of costs associated with new processes is often passed on to the final consumer. The consumer may therefore see cheaper and better products because of it: when everybody copies each other by adopting the same technology, this strategy is (cid:272)alled (cid:862)te(cid:272)h(cid:374)olog(cid:455) for te(cid:272)h(cid:374)olog(cid:455)"s sake(cid:863). What is business technology management and how is it related to.