...sources to pay for teams. Salaries for top players have ballooned, as have ticket prices. Many fans now watch games on television rather than attending them in person or choose other forms of entertainment, such as electronic games. One way to keep stadiums full of fans, and to keep fans at home happy as well, is to enrich the fan experience by offering more video and services based on technology. When the New York Yankees built the new Yankee Stadium, they did just that. The new Yankee Stadium, which opened on April 2, 2009, isn’t just another ballpark: It’s the stadium of the future. It is the most wired, connected, and video-enabled stadium in all of baseball. Although the new stadium is similar in design to the original Yankee Stadium, built in 1923, the interior has more space and amenities, including more intensive use of video and computer technology. Baseball fans love video. According to Ron Ricci, co-chairman of Cisco Systems’ sports and entertainment division, “It’s what fans want to see, to see more angles and do it on their terms.” Cisco Systems supplied the computer and networking technology for the new stadium. Throughout the stadium, including the Great Hall, the Yankees Museum, and in-stadium restaurants and concession areas, 1,200 flat-panel high-definition HDTV monitors display live game coverage, up-to-date sports scores, archival and highlight video, promotional messages, news, weather, and traffic updates. There is also a huge monitor in center field that is...
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...communicate an organizing vision which affords a central role to leveraging IT for value creation; they engage themselves in strategic IT decisions and insist that their top management team does as well; they construct an equal partnership between business and IT ,and they achieve superior returns for their efforts. According to research by Peter Weill and Jeanne Ross[1], firms with higher IT spending and high IT savvy can achieve 20 percent greater margins than their competitors, whereas the lowest spenders and least IT savvy firms earn 32 percent lower margins than their competitors. Naturally with this sort of performance lift, most CEO’s, in fact most business leaders across the organization, must be IT savvy – right? Unfortunately the answer is “Not yet.” As for evidence, it is visible or can be deduced in headline-grabbing events about IT project failures, rigid information systems which reduce a company’s local and/or global agility, layoffs at firms due to inefficient operations and security breaches and data losses. All of these occurrences signal deficiencies in leveraging information technology effectively. Blame for these problems should lay with the business people responsible for IT spending decisions and who own the role of extracting value from these investments. My research in this area suggests that one core reason for their persistence: a lack of IT-savvy business people leads to underperforming IT investments. Complimenting this insight is the fact that...
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...The DIGITAL ECONOMY I. Introduction ( Pearlson & Saunders, 2013, Introduction; Tapscott, 2014, Ch. 1) @mtpadam Week 1 1 COMMONWEALTH OF AUSTRALIA Copyright Regulations 1969 WARNING This material has been copied and communicated to you by or on behalf of the University of Newcastle pursuant to Part VB of the Copyright Act 1968 (the Act) The material in this communication may be subject to copyright under the Act. Any further copying or communication of this material by you may be the subject of copyright protection under the Act. Do not remove this notice. 1 Educational Objectives for Today • Foundations of the economy • Similarities and differences between analog and digital goods • Understand the basic concepts of the digital economy • A brief overview of the history of IT • Creative destruction and digital disruption | EBUS3050 | The Digital Economy| I. Introduction “These Google guys, they want to be billionaires and rock stars and go to conferences and all that. Let us see if they still want to run the business intwo to three years.” (Bill Gates, Microsoft, 2003) “$100 million is way to much to pay for Microsoft.” (IBM, 1982) Week 1 3 “Information technology and business are becoming inextricably interwoven. I don’t think anybody can talk meaningfully about one without the talking about the others.” (Bill Gates, Microsoft) “By 2005 or so, it will become clear that the Internet’s impact on the economy...
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...Kodak’s competitiveness and overall attractiveness it now holds in the market today. To bring out the full strategic potential of Kodak, it is important to understand Kodak’s value chain and recognize the resources available and their capabilities in relation to the firm’s direction. The report will then conclude with a VRIO analysis which determines the core competencies of the firm. Kodak has been a big player on the market since its founding. In order for Kodak to survive we must question Kodak and ask “Does the Kodak of today have the organization to fully utilize their available resources and obtain a competitive advantage?” Eastman Kodak Company is an American imaging, photographic equipment, and services company. The company was founded by George Eastman in Rochester, New York in 1889. Kodak has always operated around four industries. These industries include graphic communication, commercial imagining, Health, and digital as well as film imaging. Though they operated around these four industries, Kodak has always been known for their focus on camera technology including film based technology. Here is where Kodak had become a leader...
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...OPENING CASE: SMART SYSTEMS AND SMART WAYS OF WORKING HELP TOYOTA BECOME NUMBER ONE Toyota has flourished in a highly competitive environment because it has created a set of finely-tuned business processes and information systems that simultaneously promote agility, efficiency, and quality. It can respond instantly to customers and changes in the marketplace as events unfold, while working closely with suppliers and retailers. The experience of Toyota and other companies described in this text will help you learn how to make your own business more competitive, efficient, and profitable. As part of its ongoing effort to monitor quality, efficiency and costs, Toyota management saw there was an opportunity to use information systems to improve business performance. Technology alone would not have provided a solution. Toyota had to carefully revise its business processes to support a build-to-order production model that based vehicle production on actual customer orders rather than “best guesses” of customer demand. Once that was accomplished, Oracle e-business software was useful for coordinating the flow of information among disparate internal production, ordering, and invoicing systems within the company and with systems of retailers and suppliers. By helping Toyota build only the cars customers have ordered, its vehicle order management system reduces inventory costs, because the company and its dealers do not have to pay for making and storing vehicles customers did not want...
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...Q1. Summarize, in your own words, what “digital fabrication” is and how it is different from traditional manufacturing tools and technology. What is a digital fabrication? Digital fabrication is the process that merges designing, construction and production that come together at one level. In other word, it is the process of translating digital design into physical objects that is tangible. Digital fabrication is going to allow individuals to design and produce tangible object and that can be by using the new technology that appears in last several years, which is the three dimensional printer along with the three dimensional software programs that help them to do their work more easily by using this technology. Digital fabrication becomes more useful in business areas because using this technology can increase the production line in inventory and that will help firms to be more efficient when they are using this technology which is (3D printer). On the one hand, the digital fabrication adds value for the consumers. Thus, the consumer no longer needs to buy from stores because today, three dimensional printer can do for those consumers what they wants in short time of period, if they owns their three dimensional printer. As an example, if a consumer has an own 3D printer and want to design and print his or her own Mug. He or she goes through several steps. The first step is the designing which the consumer design his or her own mug using the 3D software program such...
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...Journey BU 204: The Digital Firm and Business Communications Joan Zito 11 November 2012 Technology is something we all use every day. It could be your cell phone, laptop, tablet, or anything else you prefer. Sadly to say, we also become dependent on these different types of technology. If you have dealt with technology enough in your lifetime, you know that it will fail you at some point in time. It is always at the most inconvenient times as well. Having an effective communication strategy to use while your technology or network isn’t available is very important. Should something happen to your network, you should have troubleshooting steps or a communication strategy readily available. It is the responsibility of the organization or business to make sure there is a communication strategy available. According to our text, an organization is a stable, formal social structure that takes resources them to produce outputs (Laudon & Laudon, 2012). The technical definition focuses on three elements of an organization. Capitol and labor are primary production factors provided by the environment (Laudon & Laudon, 2012). I’m not familiar with many organizations, so the organization that I am most familiar with is the military, the Air Force to be exact. Working in an office setting and also being a technical administrator, I constantly dealt with communication issues. When I think of a digital firm, I think of a firm in which nearly...
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...1. (I) Digital firm is one in which nearly all of the organization’s important business relationships with customers, suppliers, employees and other external partners carried out electronically. In firms which are operating digitally, the core business processes are completed through digital networks and step across whole organization. (II) It is because digital firm is more flexible than traditional firm. In digital firms, the right idea is that by allowing business to be conducted at any time (time shifting) and any place (space shifting). Digital firms are completely suited for global operations that take place in distant locations and very different time zones. 2. Information systems are so essential today. In many industries, it is inconceivable that without substantial investments in information systems. Information technology plays a critical role in increasing productivity and efficiency. Furthermore, it pushes firms to create new products, services and business model. In order to have a good relationship with both customers and suppliers, using IT can help to keep track of guests’ preferences and serve customers and suppliers well, which will lead to raise revenues and lower cost. Making decision accurately is very important; otherwise poor outcomes will raise costs and lose customers. In that time, information systems and technologies have made it possible for managers to use real-time data from the marketplace and can quickly allocate repair resources to affected...
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...1. Recommendation 1-1. We recommend 3-series touring wagon development project as a target of Digital Car Project. The ultimate objective of the project is to halve lead time of product development in BMW from 60 months to 30 month. As a result, the firm can incorporate reflect fickle customers’ tastes and the latest technology to their product development quickly and it enable them to fit the market needs strategically. If this change is successful, the experience and knowledge can be transferred to 7-series and all other new projects. It will make BMW in front of the competition. And it will save huge money and time of the firm. 1-2. Digital technology, such as CAD, is considerably effective to reduce product development lead time even in other competitors. Considering digital technology as hardware, its directions and capability of staff operating the technology, however, might be critical issue on product development using digital technology. Moreover we should not ignore the fact that the capability and experience would be brought as a result of learning and accumulated experience and knowledge. 1-3. 3-series touring wagon will inherit platform and basic design concept from 3-series sedan. Fortunately the current 3-series sedan has been developed through computer design process. Therefore, it can be thought that there is some accumulated experience of product development using computer design. Additionally, the staff had realized its untapped potential as strategic product...
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...[pic][pic] Acknowledgment At first, we desire to express our deepest sense of gratitude of almighty Allah. With profound regard, we gratefully acknowledge our respected course teacher Mr. Mirza Ferdous Instructor of Management Information System of School of Business for his generous help and day-to-day suggestion during the survey. We like to give thanks especially to our friends & many individuals, for their enthusiastic encouragements and helps during the preparation of this project and for their assistance in typing and proofreading this manuscript. We are thankful for the facilities such as the business computer lab, free Internet facilities and the library articles provided by North South University. [pic] Background Warid Telecom International Ltd. is a GSM-based cellular operator in Bangladesh. Warid is the sixth mobile phone carrier to enter the Bangladesh market. It is wholly owned subsidiary of Warid Telecom International LLC which is the part of an Abu Dhabi based consortium led by His Highness Sheikh Nahayan Mabarak Al Nahayan, a Member of the Royal Family of Abu Dhabi, and the Honorable Minister of Higher Education and Scientific Research of the United Arab Emirates. Warid officially launched their commercial services in Bangladesh on the May 10, 2007 with a GSM Mobile Cellular network covering 64 districts of the country and encompassing 70% of the mobile phone...
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...Introduction Dell computers are the best example of carrying out direct sales business in today’s business world. The direct sales business of the firm has been made by possible by using internet and digital media. However there are many issues and concerns of the corporation which has been elaborated in detail in this report analysed from the provided case study. Some of these issues are related to analysing Dell digital strategy and finding out the methods to enhance this strategy so that organization can increase its performance. The kind of challenges and opportunities available in order to implement the digital strategy has been explained briefly in this report. This report elaborates in detail how the firm is using internet and digital technology to interact with its stake holders. The second last part of the report explains change in methods of communication in organization by digital technology. The last part of the report provides details and evaluation on the digital strategy success of the firm. Company Background Dell Computer was founded by Michael Dell in 1984, while he was a student at the University of Texas, Austin. Dell began by selling upgrades of IBM-compatible PCs and in 1985 began to sell its own brand of PCs. From the beginning, Dell operated on the direct sales model, taking orders over the phone and building PCs to the customers’ specifications. Dell entered the retail PC channel for several years in the early 1990s, but a downturn in business in 1993...
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...Management information Systems | United Business Institutes BA2 | Essay Question 1 | Word Count 2845 | Erdem Emanuel 11378 | 3/20/2015 | Question 1: Write an essay outlining the strategic business objectives of an Information System (IS). Include a description of its management, organization and its technology components. Make use of diagrams where appropriate. | Contents Abstract 1 Introduction 1 Strategic Business Objectives of Information Systems (IS) 1 The Three Dimensions 1 Conclusions 1 References 1 Abstract In this time constrained-essay the reader will be introduced to the topic through an exploration of how the business world has changed since the digital revolution has occurred. This event, sometimes also referred to as the third industrial revolution, has dramatically increased the flow of information due to rapidly evolving internet access for more and more people worldwide. In parallel, the development and use of information technology has also strongly increased worldwide for people as well as for companies. In the next step, I will define the difference and connection between two important terms: information technology and information systems. Following I will explain the meaning of gathering data and its transformation into meaningful information for companies. The following part will then deal with the interdependence of organizations and information systems and go into more depth on explaining the six strategic business objectives...
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...Solution: Window on Technology: UPS Competes Globally with Information TechnologyUPS invests heavily in information systems technology to make its business more efficient and customer-oriented. It uses an array of information technologies including bar-code scanning systems, wireless networks, large mainframe computers, handheld computers, the Internet, and many different pieces of software for tracking packages, calculating fees, maintaining customer accounts, and managing logistics.What are the inputs, processing, and outputs of UPS’s package tracking system?Inputs: The inputs include package information, customer signature, pickup, delivery, time-card data, current location (while en route), and billing and customer clearance documentation.Processing: The data are transmitted to a central computer and stored for retrieval. Data are also reorganized so that they can be tracked by customer account, date, driver, and other criteria.Outputs: The outputs include pickup and delivery times, location while en route, and package recipient. The outputs also include various reports, such as all packages for a specific account or a specific driver or route, as well as summary reports for management.What technologies are used?Technologies include handheld computers (DIADs), bar code scanners, telecommunications for transmitting data, pagers, cellular phone networks, Internet, and computers.How are these technologies related to UPS’s business strategy?UPS has used the same strategy for...
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... Presented By: Meenakshi Srinivasan (I043470) 1. AN INTRODUCTION TO INFORMATION MANAGEMENT “Information technology and business are becoming inextricably interwoven. I don't think anybody can talk meaningfully about one without the talking about the other.” - Bill Gates, Co-Founder of Microsoft Corporation Today we are in the pinnacle of the technology age where swift technology innovations are transforming the global business landscape every second of the day. For businesses and corporations “To win it – they have to be in IT”. Information Technology (IT) has revolutionized every aspect of business and it evident in the way the world works - using high-speed Internet connections for e-mail and information gathering, portable computers connected to wireless networks, smart phones & hybrid handheld devices delivering instant connectivity and computing power to an increasingly mobile and global workforce. Information technology has become the largest component of capital investment for firms in the United States and many industrialized societies. In 2005, U.S. firms alone spent nearly $1.8 trillion on IT and telecommunications equipment and software. In 2011 worldwide spending on IT by companies is proving surprisingly resilient given the circumstances, according to a new forecast by the market research firm Gartner. The firm expects overall tech spending to grow by 7.1% this year, representing an upward revision from a previous forecast of 5.6%. In...
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...Running Head: System Building in the Digital Firm Era System Building in the Digital Firm Era Bethany Escue BU 204 – The Digital Firm and Business Communications Herzing University Dec. 9, 2012 System Building in the Digital Firm Era There are two new approaches for system building in the digital firm era. They are Rapid Application Development (RAD) and Component Based Development and Web Services. These approaches can be used for keeping technology current within an organization. In the digital firm environment, organizations need to be able to add, change, and retire their technology capabilities very rapidly to respond to new opportunities. (Laudon & Laudon, 2011). The first approach for system building in the digital firm era is Rapid Application Development (RAD). The term rapid application development (RAD) is used to describe this process of creating workable systems in a very short period of time. (Laudon & Laudon, 2011). RAD can include the use of visual programming and other tools for building graphical user interfaces, iterative prototyping of key system elements, the automation of program code generation, and close teamwork among end users and information systems specialists. (Laudon & Laudon, 2011). By using rapid application development you are trying to input all the information into the system as fast and efficiently as you can. You can also promote the accuracy of the program. Because rapid application development stresses...
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