BU111 Lecture Notes - Lecture 7: Swiffer, Mass Production, Information Overload
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BU111 Full Course Notes
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Identify specific examples of how technology creates opportunities and threats with respect to management processes and how the opportunities and threats impact a firms ability to achieve the csfs. The way businesses communicate with one another cycle times how long it takes you to complete an activity you complete regularly how long it takes to develop a new product, pay your suppliers, receive payment. Cars used to take years to design via models and prototypes, now almost everything is done on computer. Computer technologies have changed our products and how we design and build. Affects what we produce/what it can do, affects how we produce and sell, how we manage and run. Never know when/where the next tech breakthrough will come from organizations. Technology is an advancement in equipment and it uses. Abacus vs calculator reduces need to think, able to do more math quicker on calculator. Includes human knowledge, work methods, equipment, business processing systems.
