ISM3004 Exam 1 (Scavenger Hunt 1-3) EXAM
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Updated (Actual Exam)
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Terms in this set (169)
What is disruption? "To cause something to be unable to continue in
its normal routine" this can be either a treasure or
a tumult
Technology is a disruptor - what Tech creates both treasure and tumult. These
does that mean? disruptions will accelerate, impact organizations,
careers, and job functions throughout your
lifetime.
Technology has caused normal routines to
change completely
Advertising print ads are practically out, Google alone has
more ad revenue than all of print
Causing the trust of ads to decrease
Education Online classes/Universities are taking away from
the "traditional" schooling
Financial Services Majority of banking can be done via apps
Credit Card Machine - "Square"
,Journalism Professional writers aren't being hired by news
companies, because they hire external bloggers
Wikileaks
Retail Traditional stores taking a hit by online shopping
companies
Share Economy Alternative ways to hotels, music, rental cars,
taxis
For video rentals, music industry, Go to a brick and mortar store like Blockbuster,
and higher education be able to which included uncertainty, long lines, and late
explain... fees
What was the normal way of doing
business?
For video rentals, music industry, Netflix came with "same but different" change. It
and higher education be able to implemented highly efficient distribution centers
explain... which shipped and received videos. Their entire
catalogue and recommendations were all on
What was the tech change? their website.
The way the content was delivered changed.
Netflix recognized that CD's weren't the future, so
changed to streaming media across the internet
What was the treasure outcome for Treasure Outcome: Netflix
some and what was the tumult
outcome for others? Tumult Outcome: Blockbuster
Video Rentals Netflix is one of the highest grossing streaming
platforms and Blockbuster only has one store left
globally
, What was the treasure outcome for Treasure Outcome: Digital music platforms
some and what was the tumult (iTunes, Spotify)
outcome for others?
Tumult Outcome: Physical music
Music Industry
But in terms of whole album sales, physical music
is the treasure and digital music is the tumult
because most people don't digitally buy an entire
album, they usually only buy a single song
What was the treasure outcome for This is both a treasure and tumult for the
some and what was the tumult universities that are willing to adapt to changes in
outcome for others? technology because it allows them to have more
students no matter where the students are;
Higher Education however, it also means that there may be a time
where physical universities are only available to
people who are well off or won't exist at all.
Be able to define the term "share Refers to a phenomenon whereby asset owners
economy" and give an example. can use digital clearinghouses to rent the unused
capacity of assets they own and consumers rent
Share Economy from their peers rather than buying or renting
from a company
How does IT bring asset owners By using Digital Clearinghouses to rent from their
and consumers together in the peers instead of companies.
share economy?
How is the share economy It disrupts the new normal between consumers
disruptive? and rental businesses.
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam)
Save
Terms in this set (169)
What is disruption? "To cause something to be unable to continue in
its normal routine" this can be either a treasure or
a tumult
Technology is a disruptor - what Tech creates both treasure and tumult. These
does that mean? disruptions will accelerate, impact organizations,
careers, and job functions throughout your
lifetime.
Technology has caused normal routines to
change completely
Advertising print ads are practically out, Google alone has
more ad revenue than all of print
Causing the trust of ads to decrease
Education Online classes/Universities are taking away from
the "traditional" schooling
Financial Services Majority of banking can be done via apps
Credit Card Machine - "Square"
,Journalism Professional writers aren't being hired by news
companies, because they hire external bloggers
Wikileaks
Retail Traditional stores taking a hit by online shopping
companies
Share Economy Alternative ways to hotels, music, rental cars,
taxis
For video rentals, music industry, Go to a brick and mortar store like Blockbuster,
and higher education be able to which included uncertainty, long lines, and late
explain... fees
What was the normal way of doing
business?
For video rentals, music industry, Netflix came with "same but different" change. It
and higher education be able to implemented highly efficient distribution centers
explain... which shipped and received videos. Their entire
catalogue and recommendations were all on
What was the tech change? their website.
The way the content was delivered changed.
Netflix recognized that CD's weren't the future, so
changed to streaming media across the internet
What was the treasure outcome for Treasure Outcome: Netflix
some and what was the tumult
outcome for others? Tumult Outcome: Blockbuster
Video Rentals Netflix is one of the highest grossing streaming
platforms and Blockbuster only has one store left
globally
, What was the treasure outcome for Treasure Outcome: Digital music platforms
some and what was the tumult (iTunes, Spotify)
outcome for others?
Tumult Outcome: Physical music
Music Industry
But in terms of whole album sales, physical music
is the treasure and digital music is the tumult
because most people don't digitally buy an entire
album, they usually only buy a single song
What was the treasure outcome for This is both a treasure and tumult for the
some and what was the tumult universities that are willing to adapt to changes in
outcome for others? technology because it allows them to have more
students no matter where the students are;
Higher Education however, it also means that there may be a time
where physical universities are only available to
people who are well off or won't exist at all.
Be able to define the term "share Refers to a phenomenon whereby asset owners
economy" and give an example. can use digital clearinghouses to rent the unused
capacity of assets they own and consumers rent
Share Economy from their peers rather than buying or renting
from a company
How does IT bring asset owners By using Digital Clearinghouses to rent from their
and consumers together in the peers instead of companies.
share economy?
How is the share economy It disrupts the new normal between consumers
disruptive? and rental businesses.
