Podcast
Questions and Answers
Which technology has been used by organizations to transform their businesses for over 20 years?
Which technology has been used by organizations to transform their businesses for over 20 years?
- Artificial Intelligence
- Internet (correct)
- Blockchain
- Virtual Reality
Who created the first web site in 1991?
Who created the first web site in 1991?
- Steve Jobs
- Mark Zuckerberg
- Bill Gates
- Sir Tim Berners-Lee (correct)
What impact have electronic communications had on traditional businesses?
What impact have electronic communications had on traditional businesses?
- Increasing their costs
- Transforming their services (correct)
- Making them obsolete
- Decreasing their revenue
How have existing businesses evolved their approaches to digital business?
How have existing businesses evolved their approaches to digital business?
What do all organizations have to review for their potential?
What do all organizations have to review for their potential?
Which of the following best describes the impact of electronic communications on traditional businesses?
Which of the following best describes the impact of electronic communications on traditional businesses?
What is one ongoing risk that organizations have to manage when adopting new electronic communications approaches?
What is one ongoing risk that organizations have to manage when adopting new electronic communications approaches?
How have established businesses evolved their approaches to digital business?
How have established businesses evolved their approaches to digital business?
What is one factor that drives continuous innovation in electronic communications?
What is one factor that drives continuous innovation in electronic communications?
What have managers at established businesses had to determine in relation to electronic communications technologies?
What have managers at established businesses had to determine in relation to electronic communications technologies?
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Study Notes
Electronic Communications and Business Transformation
- The internet has been used by organizations to transform their businesses for over 20 years.
The Dawn of the Web
- The first website was created in 1991 by Tim Berners-Lee.
Impact of Electronic Communications on Traditional Businesses
- Electronic communications have had a significant impact on traditional businesses, forcing them to adapt and evolve.
- They have had to re-evaluate their business models, operations, and strategies to remain competitive.
Evolution of Digital Business Approaches
- Established businesses have had to evolve their approaches to digital business, incorporating new technologies and strategies to stay ahead.
- This includes developing new business models, creating new revenue streams, and enhancing customer experiences.
Risks and Challenges of Electronic Communications
- One ongoing risk that organizations have to manage when adopting new electronic communications approaches is the potential for disruption and displacement.
- Managers at established businesses have had to determine how to leverage electronic communications technologies effectively, balancing the benefits with the risks.
Drivers of Innovation in Electronic Communications
- One factor that drives continuous innovation in electronic communications is the need for businesses to stay competitive and respond to changing customer needs and preferences.
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