MGMT 3265 Lecture Notes - Lecture 2: Telecommuting, Big Data, Corporate Governance Of Information Technology
9 Feb 2020
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Document Summary
Individuals can connect and compete anywhere and anytime: competition is increased as people and organizations can provide resources worldwide, the internet has flattened the world, making anywhere accessible to anyone anytime. Changing nature of the workforce: workforce is becoming more diversified with women, single parents, minorities, disabilities. Powerful customers: finding information about products without leaving the comfort of their home, consumer is more knowledgeable about products and services, price comparisons, and. Technological innovation: obsolescence old analog camera, planned obsolescence a policy of planning or designing a product with an artificially limited. Innovation digital camera useful life, so it will become obsolete after a certain period of time. Societal/political/legal pressures: social responsibility, government regulation, protection from terrorist attacks, ethical issues. Competitive strategy: competitive strategy a business"s approach to compete and how it will accomplish their goals. Porter"s competitive forces: rivalry, threat of new entrants, threat of substitutes, bargaining power of buyers, bargaining power of suppliers.
