Reference no: EM133459464

Questions:

1. The statement below neatly sums up what this course is about. After reading Chapter 1, what does this statement mean to you?

"people use information technology to work with information".

2. Netflix leverages its information and data science to gain new subscribers and enhance user experiences. Their information solutions create personalized watch lists and compelling artwork while persuading users to watch their favorite genres. The recommendation system promotes content to the right audience at the right time. Which key term did we learn in Chapter 1 that would best describe the system Netflix is using?

3. Think of information as you would a physical product. If you have a defective product, it lacks quality in that you cannot use it. Information is the same. This is the concept of garbage-in garbage-out (GIGO). If the information coming into your decision-making process is in bad form (i.e., garbage-in), you'll more than likely make a poor decision (i.e., garbage-out). Which key term did we learn in Chapter 1 that best relates to GIGO?

4. The upper level of an organization develops strategies; the middle levels of an organization convert those strategies into tactics; and the lower levels of an organization deal with the operational details. If top management does not have up-to-date information about the organization then their strategies may be faulty. Use key terms and concepts from Chapter 1 to explain why this might occur?

5. Which key term did we learn in Chapter 1 that best describes the statement below.

"In Chapter 5 we will learn that e-commerce enables customers, consumers, and companies to form powerful new relationships that would not be possible without the enabling technologies."

6. The case study questions on the midterm exam and the final exam will all describe how the owner or CEO of a company will be getting advice from you. You will be described as a knowledge worker. How will this course help you to become a knowledge worker?

7. If you were starting your first business, how could Porter's Five Forces Model help you?

8. The Five Forces Model can also help businesses who are already in an industry. For example, if there is a high threat of substitute products and servers or there is a high threat of new entrants, what could you do to compete against these threats?