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Questions and Answers
What enables business organisations to buy and sell their products online?
In the changing business environment, what enables the rapid sensing and responding to environmental changes?
Which term refers to business operations in the contemporary world that operate in a knowledge or digital economy?
What aspect allows organizations to manage and use information, as well as communicate with various parties globally?
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In the global competition driven by globalisation, what is crucial for the success of any business organization today?
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What facilitates trading more efficiently for business organizations in the contemporary world?
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What can be defined as an organisation where nearly all significant business activities are digitally enabled and mediated?
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What does ICT architecture serve as for an organisation?
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How is the concept of ICT architecture similar to a building’s architecture?
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What is the main purpose of ICT architecture in an organisation?
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In designing physical architecture, what needs to be distinguished?
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What distinguishes a digital organisation from a traditional one?
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What percentage of the Gross Domestic Product (GDP) in developed countries like the United States is contributed by knowledge and information intense products and services?
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What percentage of the labour force in developed countries like the United States is employed by knowledge and information intense products and services?
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What type of management style is characterized by informal commitments, network goals, flexible teams, and customer orientation?
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Which type of organization has a flattened and decentralized structure with easy access to information?
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What is essential for the success of the new management style described in the text?
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What concept has been created due to the intensive use of ICT in business organizations?
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Study Notes
- Globalisation has led to the creation of a global marketplace and increased competition among organizations worldwide.
- The success of businesses today and in the future depends on their ability to operate in this global marketplace.
- ICT plays a crucial role in enabling organizations to manage information, communicate with parties globally, and engage in electronic commerce (e-commerce).
- A digital organization is defined as one where significant business activities are digitally enabled and mediated, with access to necessary information at any time and place.
- The shift to a knowledge economy or digital economy has transformed traditional hierarchical organizations into flatter, decentralized structures, supported by advanced ICT infrastructure.
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Description
Explore the key concepts and trends in the evolving business landscape such as globalisation, knowledge economy, new product development, and digital transformation. Learn about the impact of global markets, workgroups, delivery systems, and organisational structures.
