Business Information Technology- grammer check & paraphrase
AJ-773
bit.docx1. How do recent changes in computing impact consumers? Are these changes good or bad? Explain. How do they impact businesses?
Companies can use the new computing to have more beneficial features that can make good changes to their customers. For example Starbucks, they are trying to follow up with the new technology. They are having now a page in Instegram and Facebook to help them to get more familiar with their customer’s need and likes.
2. How is social media impacting firms, individuals, and society?
Billions of people have access and accounts in social media apps and websites like Facebook, Twitter, Instagram. That helps large business to expand more and more, and helps small business to implement business technology and level the playing field with larger business. Small business can use technology to reduce their cost by using many helpful apps, websites, and services.
3. What kinds of skills do today's managers need that weren't required a decade ago?
4. How have the costs of entrepreneurship changed over the past decade? What forces are behind these changes? What does this mean for the future of entrepreneurship?
5. What are you considering studying? What are your short-term and long-term job goals? What role will technology play in that career path? What should you be doing to ensure that you have the skills needed to compete?
I'm double majoring in Managment & Leadership and Human Resource. My short term goals are to get good grads in all of my classes and graduate this summer. My long term goal to find a job that I will be happy with. Technology will play a major role in my career. It will be very important to keep up with the new technology advancement. In order to be a competitive employee, It's important o be able to market your self and to be effective at communications.
6. What is operational effectiveness?
So that mean Operational effectiveness refers to performing the same tasks better than rivals perform them. It is the same as a competition between mobiles phones. They are all have the same features of texting, calling, and apps. But the winners whose can represent his features in the best way
7. What is strategic positioning?
Strategic positioning refers to performing different activities from those of rivals, or the same activities in a different way. Like who a firm has created difference that cannot be easily matched by rivals. For example Apple, they are different that others by having a lot of features, but they are in the same time the easiest of use.
8. Is a firm that competes based on the features of technology engaged in operational effectiveness or strategic positioning? Give an example to back up your claim.
Each firm has his own features that can be replicated, firm competing based of the features alone are likely to be engaged in operational effectiveness. The mobile companies is an example of a company that relies heavily on operational effectiveness because features such as battery strength, phone design, and other features.
9. What are switching costs? What role does technology play in strengthening a firm's switching costs?
Switching cost happen when consumers want to move from one product to another. There are several sources of switching cost including, information, learning cost, and search cost. It is often beneficial to teach new customers of how they can use the new product because that will save their time and that may make them more interested. Switching date could by very hard to switch like switching from Apple to Samsung. It might be very hard to move files and photos
10. What are network effects? Name a product or service that has been able to leverage network effects to its advantage.
Network effects exist when the value of the product or service increase as more people use it. For example, Amazon benefits from network effects as it increases its customers by showing the amount of people who ordered this product and their feedbacks. That will makes most of the people more interesting to by from amazon.
