BU111 Lecture Notes - Sole Proprietorship, Finger Tips, Risk Aversion
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BU111 Full Course Notes
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Document Summary
Technology effects everything we do , how we buy, sell: buying things online something we wouldn t been able to do as easily 10 years ago. Information technologies affect information access, inter-firm cooperation, cycle times: cycle times = how long does it take you to get through a whole process technology helped reduce the amount of time. Computer technologies have changed how we design and build our products and products as well. Not limited to computers and information like automotive industry, science, agriculture. Threat: not easy to keep up with, demands constant learning and scanning. Especially when others are innovators and you may not be. Before you get there they already know your preference if you are a frequent customer. All connected in the travel circuit: leaner organization means 2 things. Ex: banks = online banking causes the decrease in need for tellers.
