Podcast
Questions and Answers
What are digital businesses primarily focused on?
What are digital businesses primarily focused on?
- Traditional market structures
- Economic undertakings in non-digital sectors
- Satisfying activities through technology and innovations (correct)
- Globalization of products/services
What is the most critical driver of economic development according to the text?
What is the most critical driver of economic development according to the text?
- Globalization
- Products/services digitization
- Technological evolutions and revolutions (correct)
- Competition in cyber markets
What is the premise of the 4th industrial revolution (4iR) according to the text?
What is the premise of the 4th industrial revolution (4iR) according to the text?
- Competition in cyber markets
- Traditional market structures
- Globalization of products/services
- Digital entrepreneurship driving smart, digital, lean-structured businesses (correct)
What is transforming traditional business systems towards being smart, digital, lean-structured businesses according to the text?
What is transforming traditional business systems towards being smart, digital, lean-structured businesses according to the text?
What is fast disrupting traditional market structures and economic systems according to the text?
What is fast disrupting traditional market structures and economic systems according to the text?
What are digital businesses primarily focused on?
What are digital businesses primarily focused on?
What is the premise of the 4th industrial revolution (4iR) driven by?
What is the premise of the 4th industrial revolution (4iR) driven by?
What is fast disrupting traditional market structures and economic systems according to the text?
What is fast disrupting traditional market structures and economic systems according to the text?
What are fast becoming critical drivers of competitiveness for business organisations?
What are fast becoming critical drivers of competitiveness for business organisations?
What has remained the most critical driver of economic development according to the text?
What has remained the most critical driver of economic development according to the text?
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Study Notes
Digital Businesses and 4th Industrial Revolution
- Digital businesses are primarily focused on innovation, disruption, and creation of new markets and business models.
Drivers of Economic Development
- Knowledge and innovation are the most critical drivers of economic development.
Premise of 4th Industrial Revolution (4iR)
- The premise of the 4th industrial revolution (4iR) is the fusion of technologies, such as artificial intelligence, blockchain, and the Internet of Things (IoT), which are transforming traditional business systems.
Transformation of Business Systems
- Digitalization, artificial intelligence, and the Internet of Things (IoT) are transforming traditional business systems towards being smart, digital, lean-structured businesses.
Disruption of Market Structures
- Digitalization and the Internet of Things (IoT) are fast disrupting traditional market structures and economic systems.
Competitiveness of Business Organisations
- Digitalization, innovation, and knowledge are fast becoming critical drivers of competitiveness for business organisations.
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