Week four questions

  1.      Why has the web grown so dramatically?

• Because it is user friendly and non tech people can use the web
  It is easy to use 
  Easy to access
  Runs on open source
  
  
  
  
  
   

2. What is Web 2.0, how does it differ from 1.0?

•  Web 1.0 read only data.

•  The users can provide feedback the web can be manipulated by the user.

• Web 2.0 is dynamic.

•  Contents can be shared  .

 

3. How could a web 2.0 technology be used in business?

• Facebook can be use as a mean to spread information 

• Blogs can be use as an alternative to press release

• emails can be use for communication it is cheap and reliable 

4.  What is eBusiness, how does it differ from eCommerce?

eCommerce is the buying and selling of products and services online while eBusiness is using technology like the web to facilitate the business process 

5. What is pure and partial eCommerce?

Pure ecommerce is the buying goods which are use in the net there is no tangible material given instead programs in the web are given good examples are anti virus softwares.

Partial ecommerce is the purchase of goods or services in the web and the there is a presence of tangible goods in exchange for the online payment one good example is buying a plasma television on ebay.

6. List and describe various eModels.

Business to Business are transactions in the net which is between companies and firms a good example is a bar purchasing alcohol from a manufacturer through the net.

Business to Consumers are transactions which are between the business and consumers a good example is a customer buying a new bag from department store using the net.

Business to Government are transactions between the business and a government a good example is a business filling up forms for a tax refund in the ATO website.

8. Outline 2 opportunities and 2 challenges faced by companies doing business online?

Opportunities 

Capacity to reach out to a bigger market when you build a website because of the accessability of the web. this will increase your share in the market and profit margin.

Cheaper way to conduct business transactions by using the net we can eliminate the need to employ people to handle payments and transactions.

Challenges

Strong competition with other business and firms utilising the net a competitive website must be available for the business failure to do so can result in client dissatisfaction.

The rapid evolution of the web can be a challenge because the business needs to keep up with the change to become competitive and up to date with modern technology.

Weekly Questions Strategic Decision Making

1. Define TPS & DSS, and explain how an organisation can use these systems to make decisions and gain competitive advantages

TPS is transaction Processing system is a type of information which collects and stores data which is fundamental in running the business. 

Example of a TPS is an eftpos machine or credit card machines

DSS are data support systems this system assist companies in analysing data which is essential in running the company. 

Microsoft Excel is a good example of a DSS

by using this system companies can improve performance cash flow can be improve because financial settlements is quick by using TPS. DSS can help in projecting future profits and needs of the company to reach goals.

2. Describe the three quantitative models typically used by decision support systems.

Sensitive analysis compares the changes and the impact of the changes on the models of the business.

What if analysis by using values projected outcomes can be achieved

Goal seeking analysis finds the necessary value to achieve a target 

3. Describe a business processes and their importance to an organisation.

Business process is the mechanism in which products and services are created.

Business Process is important in business because this makes the production of products easier and more efficient this will lead to lower production cost which will increase the profit of the company.

4. Compare business process improvement and business process re-engineering.

Business Process improvement is reviewing and analysing a current business process and finding ways to improve the existing process to make it more effective and efficient. 

Business process Re-engineering is creating a new business process by adding or removing process that will help the company achieve the goals it has set for itself.

5. Describe the importance of business process modelling (or mapping) and business process models.

Business process modelling outlines the process of the business this gives us a glimpse on the actual operation, gives us accuracy and a picture on what is going to happen once the process is operating. 

Week 2 Questions

Explain information technology’s role in business and describe how you measure success?

The role of information technology in business covers almost all of the aspects of business because of the changing market competition becomes stronger and information technology can bring the edge a business needs to succeed. 

Information technology gathers data and creates model to aid in decision making

Because of different location in business information technology can help in gathering data from different locations and making them available to everyone who needs them in the business

—Microsoft Excel program is a good example this program can store informations and calculate the information to acquire informtion needed in the business.

 

information technology can also provide the business Real time data such as financial transactions one example is the Real time gross settlement which is used by the banks to settle financial obligations

 List and describe each of the forces in Porter’s Five Forces Model?

Porters Five forces model is business strategy develop by Michael Porter from Harvard that focuses on five forces which determine the atractiveness and competitiveness of the market.

Potential Entrants 

Markets with high profits will attract new companies this will result in competition which will eventually lower the companies profit margin.

     This effect can be controlled if we apply the following strategies

•            Establish strong customer loyalty
•            Patent to products to protect it from competition
•            Improve the distribution of products
• 
  

—

Buyer Powers 

    The Buyer power of customers refers to the ability of the buyer to pressure the company to affect the prices of the services and goods it offers

•            Strengthen the distribution channels
•            Analyse pricing
•            Bargaining leverage

Supplier Powers

     The bargaining power of suppliers depend on the price of raw materials needed to create the product or the services

           

•           Presence of substitute suppliers
•           Alternative products
•           Supplier Competition

Competitive Rivalry

      
     Strong rivalry determines the competitiveness of an industry

        

•         Product Innovation
•         Competitve Strategy
•         Advertising Strategy

Describe the relationship between Business process and value chains?

 Business process is a sequence of activities which in the end produces a product or services for a customer, value chains are distince activities either technological or economical which in the end also produces the desired service or product. business process is the flowchart of activities while the value chain is the actual process.

Compare Porters three Generic Strategies? 

Cost Leadership Strategy

This strategy focuses on having the lowest prices on the market this targets clients who are price sensitive.

•      This can be achieve by applying different type of approach one is having a high asset turnover a bus picking up and dropping passenger of

•      Another approach is by offering products in a uniformed way this will lower production cost because less raw materials are needed

•      The last approach is by controlling the suppliers this approach helps us get the minimum prices for the raw materials needed to produce the product

 

Differentation Strategy

By creating products which are specialised for a certain group of people this will create success once a good product is produce this strategy is for a target market which is not price sensitive.

•     BMW
•     Lacoste
•     CK

Segmentation Strategy

 

By Segmenting the market special products can be form to target specific groups of people one good example is jetstar which targets people who prefer to pay less to get to the destination they want.

Reference list

IDA > Home . 2011. IDA > Home . [How information Gives you Competitive Advantage] Available at: http://www.ida.liu.se. [Accessed 22 April 2011].