BU111 Study Guide - Final Guide: Corporate Social Responsibility, Complementary Good, Switching Barriers
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BU111 Full Course Notes
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Security is becoming a greater threat today as the internet of things emerges into the environment. Instant access to information customer can immediately reach you, you can check inventory quicker, etc. Leaner organization because technology now increases human productivity as a result we don"t need as many human beings (we can re-assign them to different activities) (robots can function for human beings) Improved operations efficiency less costs to achieve financial performance. Greater independence of company & workplace employees can work from everywhere. Competitiveness create barriers to entry, cooperation with other firms, reduce cycle times. Communication and collaboration with firms around the world employees can make better decisions if they understand the company as a whole and have a piece within it. Imitation information is very costly to create and very easy/cheap to spread/share (music, tv movies, clothing, etc. ) New technologies in unfamiliar areas disruptive technologies challenge the value of organizational capabilities and resources.
