Mgcr 331 How It Affects the Business
Essay by Kane Wong • February 7, 2019 • Study Guide • 270 Words (2 Pages) • 42 Views
How IT affects the business
- Automates, supports human info processing
- Has been a role of IT in business for many decades
- Expands the productivity of knowledge workers
- Facilitates new processes and strategy
- New business strategy (sell directly to customers)
- New product strategy (customize products for individual needs)
- Transforms existing markets
- Music, movies, TV, books etc.
Competitive Strategies = Quality x Cost x Delivery x Safety x Employee Engagement x (Innovation)
Case 10.1
Pros:
- More control
- Econ of scale – can use this central system on all other brands
- Can customize their future data structure
Cons:
- Have to hire people (hard to get good ppl)
- If it goes wrong, what to do
- Limited to their own resources
- Don’t have access to “best of breed”
Suggestion:
- Look at the historical data, identify and analyze the problem
Session 7:
2. Decision to make it out the market
- decide target audience
- price
- advertise (social media)
- how to differentiate yourself
- who can develop the games? (Nintendo themselves or third party or third party under license)
- the design itself
- the life span – “half life” of it, when will the new one come out, working on the new one
- the distribution channel, where to sell it?
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