HIST 1402 Lecture Notes - Lecture 20: Management Information System, Information Age, Zappos
Document Summary
The challenge of departmental companies and the mis solution. The five forces model evaluating industry attractiveness. The three generic strategies choosing a business focus. Did you know : avatar, the movie, took over 4 yrs to make and cost million. Lady gaga"s real name is joanne angelina germanotta. It costs . 6 million for a 30-second advertising time slot during the super bowl. Fact - the confirmation or validation of an event or object. Information age - the present time, during which infinite quantities of facts are widely available to anyone who can use a computer. Examples of the power of business and technology: amazon not a technology company; primary business focus is selling books, netflix not a technology company; primary business focus is renting videos. Zappos not a technology company; primary business focus is selling shoes. The core drivers of the information age: data. Data: data - raw facts that describe the characteristics of an event or object.
