BU111 Lecture Notes - Lecture 5: Internal Combustion Engine, Information Overload, Technology Transfer
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BU111 Full Course Notes
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Document Summary
Information technologies affect information access, inter-firm cycle times. Business implication: affects what we produce/what it can do, affects how we produce and how we sell. Demands constant learning and scanning: creates significant change and challenge. Advancements in equipment and its users: often substitutes for/magnifies human efforts, includes human knowledge, work methods, equipment, and business processing systems. Includes information technology: the various devices for creating, storing, exchanging, and using information, consumers use it daily, i. e. atm, shopping, companies use it to gather and share information and execute activities. Comes from human ingenuity: formal and informal research and development, basic r&d knowledge without focus, applied r&d specific problem in mind, technology transfer out of the lab into the world. Management and organizational processes: instant access to information, better service through coordination, leaner organization, improved operations efficiency i. e. cad, erp, greater independence of company and workplace, create barriers to entry; cooperation with other firms; reduce. Communication and collaboration: within firm and with customers.
