ISM3004 Exam 1 (Scavenger Hunt 1-3) ALL ANSWERS 100% CORRECT SPRING FALL-2023/24 EDITION GUARANTEED GRADE A+

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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 does that mean? Tech creates both... treasure and tumult. These 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, and higher education be able to explain... What was the normal way of doing business? Go to a brick and mortar store like Blockbuster, which included uncertainty, long lines, and late fees For video rentals, music industry, and higher education be able to explain... What was the tech change?Netflix came with "same but different" change. It implemented highly efficient distribution centers which shipped and received videos. Their entire catalogue and recommendations were all on 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 some and what was the tumult outcome for others? Video Rentals Treasure Outcome: Netflix [Show More]

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