BUS 237 Chapter Notes - Chapter 3: Capital Intensity, Netflix, Switching Barriers
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BUS 237 Full Course Notes
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Ict capital intensity = amount of technology that. Productivity paradox: investment in it labor productivity. Productivity: how it can be used to create business value. 3 ways value of it can be realized: productivity: allows company to quickly create more and/or better output from same inputs. Small firm adds it to automate basic tasks: structure of competition: alter the way corporations compete. Video rental stores depleted once netflix home-movies were introduced: benefits to the end customer: offering better deals to customers (customers > providers) Customers go to the company with lower prices. Successful organizations need to understand specifically what business value they nee and how it can help secure their value. Ict sector provides tools for other industries to make them more productive. Business technology management (btm): designed for students inspired to use technology to innovate and improve productivity. Business processes use resources, facilities, and information to accomplish activities. Productivity for organizations by efficiency/more effective business process.