BU111 Lecture Notes - Lecture 6: Internal Combustion Engine, Technology Transfer, Information Technology
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Document Summary
Five industries changed by technology: music: cd"s to itunes, travel, transport, publishing: online textbooks, retail: emailing promotional offers to customers. Information technologies affects information access, inter-firm cycle times. Not limited to computers and information: business implication: affects what we produce/what it can do, affects how we produce and how we sell, why: demands constant learning and scanning, creates significant change and challenge. What is technology: advancements in equipment and its uses. Includes human knowledge, work methods, equipment, business processing systems. The various devices for creating, storing, exchanging and using information. Companies use it to gather and share information and execute activities. Where does technology come from: comes from human ingenuity. Formal research and development: paying employees to conduct research on something and informal research: research found when your experimenting not actually trying to find research. Basic research and development: understanding how things work such as human biology.
