Post-Digital Age and Sustainable Business Management chapter 8

What does the post-digital age emphasize?

Rethinking processes instead of adding technology (correct)
Programming thermostats for energy efficiency
Adding technology to existing systems
Building robots for various tasks

What is a key impact of digitalization on businesses according to the text?

The reduction in digital skills needed in the workforce
The disappearance of the middleman (correct)
The disappearance of digital technologies
The decrease in online presence for big companies

What is a significant factor for companies due to digitalization?

Decrease in the need for new solutions
Decrease in the need for digitalized supporting processes
Rethinking their products and services (correct)
Decrease in importance of mobile banking

What does the text suggest about workforce skills in the future?

Every employee needs to offer a digital experience (B) Signup and view all the answers

What is a consequence of the increased cost of digitalization according to the text?

Increased carbon emission and energy use (B) Signup and view all the answers

What becomes even more important in the future due to technology?

Humanity becomes even more important (B) Signup and view all the answers

What does the text imply about the future interaction with computers?

'Thinking' something will be enough for computers (B) Signup and view all the answers

What is a potential challenge mentioned in the text regarding predictions used by technology to make human life easier?

'Providing' data will create better experiences (D) Signup and view all the answers

What will change due to digitalization?

'Inequality' will rise even more (C) Signup and view all the answers

What is AI according to the definition provided in the text?

A field of computer science dedicated to solving cognitive problems commonly associated with human intelligence. (C) Signup and view all the answers

What is the main focus of the text?

Discussing the impact of digitalization on the economy (C) Signup and view all the answers

What is a key characteristic of true sustainable innovation?

It results in more sustainable product or service offerings (C) Signup and view all the answers

What is the main reason given for big companies being outrun by new entrants?

They are resistant to paradigm shifts (D) Signup and view all the answers

What type of innovation involves providing new and innovative options to the customer to generate business?

Service innovation (C) Signup and view all the answers

In the context of sustainable innovation, what does a shift from profit creation to value creation entail?

Transforming at an organizational and/or strategic level (B) Signup and view all the answers

What is a common characteristic of all four digital revolutions mentioned in the text?

Each revolution had three distinct stages (B) Signup and view all the answers

Which type of innovation involves enriching the customer-company relationship and stakeholder engagement?

Customer engagement innovation (C) Signup and view all the answers

What is described as being cut out during the mid-digital age of the digital revolution?

"Middle-man" intermediaries (D) Signup and view all the answers

In terms of sustainable innovation, what does a paradigm shift enable?

"Revolutionary" solutions when assumptions change (B) Signup and view all the answers

Which type of sustainable innovation entails changing the business model?

Profit model (Value model) (C) Signup and view all the answers

What is one way to enhance eco-efficiency according to the text?

Use sustainable energy over fossil fuels (B) Signup and view all the answers

What does sustainable innovation require?

Different thinking and approaches (A) Signup and view all the answers

How does the pace of innovation affect businesses, based on the text?

Businesses need to change their business models to keep up (C) Signup and view all the answers

What is emphasized as more important than ever for businesses, according to the text?

Ethics and privacy (D) Signup and view all the answers

What is the practical implementation of ideas that result in the introduction of new goods or services called?

Innovation (D) Signup and view all the answers

What does Gerd Leonhard suggest about predicting the future, based on the text?

We can no longer rely on knowledge and expertise of the past to predict the future (C) Signup and view all the answers

What change is required for KPIs for leaders, as per the text?

From valuing knowledge to valuing vision and agility (D) Signup and view all the answers

What should businesses do to keep up to date with knowledge and expertise, according to the text?

Join networks and create partnerships (A) Signup and view all the answers

What are some known sustainable solutions mentioned in the text?

Replace plastic packaging with biodegradable alternatives to reduce waste (A) Signup and view all the answers

What is necessary for achieving true sustainability, according to the text?

Different thinking and approaches (D) Signup and view all the answers

What is the focus of Augmented Intelligence (AI)?

Enhancing human intelligence (B) Signup and view all the answers

What is a key challenge of generative AI like ChatGPT?

Inaccuracy based on patterns and associations (D) Signup and view all the answers

What is the link between sustainability and digitalization?

Leads to more efficiency and better resource use (A) Signup and view all the answers

Which company is focused on creating the first implantable brain-computer interface?

Neuralink (D) Signup and view all the answers

What is the role of data in the context of sustainability and digitalization?

Can be used to measure pollution and planetary boundaries (A) Signup and view all the answers

What is Human-Level AI (HLAI)?

AI that becomes as smart or smarter than humans (B) Signup and view all the answers

What is a potential impact of self-driving cars on existing businesses?

Existing car companies will have to re-invent themselves (C) Signup and view all the answers

What is one ethical concern related to generative AI?

Bias in the generated data due to biased language in the dataset (D) Signup and view all the answers

What is the main goal of sustainable Business Management in relation to Artificial Intelligence?

To use AI to enhance human intelligence and make better decisions (C) Signup and view all the answers

What does 'Digitalisation' lead to?

Efficiency and better use of resources. (A) Signup and view all the answers