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Technology, Ethics, and eBusiness Insights

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12 views2 pages

Technology, Ethics, and eBusiness Insights

Uploaded by

anudeep.slayer
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

[Link] is the difference between sustaining and disruptive technology?

Sustaining technology can relate to the constant enhancement of existing products and services
which meet a market need, for example, improving a system’s processing capability or battery
duration. But disruptive technology in contrast brings new products to the market that spawn
entirely new markets or drastically change the prevailing ones, with the traditional incumbents’
offerings often being thrown out of the new market. This can be referred to as smartphones can
replacing basic phones, or streaming services taking over DVDs.

[Link] is the difference between potential and efficiency technology?


Organizational technology includes potential technology as means of long-term development,
which implies new opportunities, new markets, new ideas, or new types of innovations that allow
changing industries or creating competitive advantages. While efficiency technology aims at
making existing strategies less expensive and more effective by reviewing present procedures for
improvement, it offers limited topographical growth and immediate economical functionality
improvements.

[Link] are the benefits associated with ebusiness?


This way in eBusiness businesses get worldwide presence, and the customers base can be shifted
to almost any location in the world. This is through the elimination of more working hours and
unnecessary procedures and an improvement of the customers’ experience due to availability of
the services throughout the day and night as well as availing of individual attention. Also,
eBusiness enables accurate acqui sition of information for better organization and company
decisions while enhancing marketing strategies.

[Link] business models and their role in a company. How did ebusiness change
traditional business models?
Business models specify how a company generates and captures value through value delivery
network such as the subscription model or direct selling model eBusiness has transformed most
traditional models through enabling online platforms, cutting on middlemen and frequent direct
customer contacts. The introduction of eBusiness innovations has made it easier to scale
business, accommodate individual customers and adapt quickly to market changes.

5. How can a company use mass customization and personalization to decrease buyer
power?
This gives the consumer satisfaction on a large scale hence improving loyalty as opposed to mass
production where consumers are likely to switch to other producing companies. Personalization
builds on this relationship by providing individualised solutions for buyers which makes the
latter feel important and not have a reason to look for other car manufacturers in the market.

6. What are ethics and why are they important to a company?


Ethics may be defined as the system of moral codes practiced by an organization. They are
fundamental in accessing credibility with the shareholders, more so when implementing projects
with legal requirements to meeting the approved public image. Ethical practice also enhance
usage of organizational resources, reducing risky operations while creating a healthy
organizational culture that supports and sustains a company’s business in the long run based on
social expectations.

[Link] is the relationship between information management, governance, and compliance?


Information management makes certain data is available, retrievable and utilized to used to
further the business objectives. This information is governed by its policies and applicable
frameworks to govern how it is managed and complianced to the legal and regulatory standards.
Together they help to provide a framework of how data should be managed within an
organization to promote accountability, security and relevance to organizational goals and
objectives.

[Link] are epolicies important to a company?


Another really relevant type of policies is ePolicies, which are significant for regulation of
activity on the Internet and for the shelter of the company’s property. They establish course on
how the technology can or should be used, how data is protected and how legal and industrial
requirements are met. Well-defined ePolicies act as a measure against improper use of company
resources while promoting the rights of intellectual property and creating ethical organizational
culture for the employees and stakeholders.

[Link] is the correlation between privacy and confidentiality?


Privacy is the human right of the ability to determine what personal information will be revealed
while confidentiality deals with guaranteeing that information disclosed in the course of a
relationship will not be disclosed to other parties. They share the primary goal of ensuring
security of information, establishing confidence between partners, and meeting the standard set
by ethical and legal requirement where application of data is a necessity.

[Link] are the positive and negative effects associated with monitoring employees?
It is also an encouraging factor that monitoring can lead to increased productivity besides
enforcing adherence to standards that have been set throughout the organization against misuse
of organizational data and other organizational assets. But, if done without the desirable
communication channels, it will lower employee morale, trespass personal life, and engender an
environment of mistrust. It is, therefore, important to find ways of achieving these effects as they
balance in the context of the workplace.

Common questions

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Implementing information management ensures data is available, retrievable, and aligned with business objectives . Governance provides policies and frameworks to oversee data management, while compliance ensures adherence to legal and regulatory standards . Together, they promote accountability, enhance security, and align data usage with organizational goals .

Potential technology is significant for long-term growth as it opens new opportunities, markets, and innovations, facilitating industry transformation . It offers competitive advantages by allowing organizations to lead in innovation and adapt to changing markets, setting the stage for sustained growth .

Balancing the effects of employee monitoring is crucial because, while it can increase productivity and enforce standards, without proper communication, it may lower morale, invade personal privacy, and create mistrust . To maintain a positive work environment, organizations must find a balance that respects employee privacy and encourages productivity .

ePolicies are crucial for regulating internet activity and safeguarding a company's digital assets . They provide guidelines on technology usage, data protection, and compliance with legal and industry requirements . Furthermore, well-defined ePolicies prevent misuse of company resources, protect intellectual property, and foster an ethical organizational culture among employees and stakeholders .

Ethics enhance a company's credibility by aligning with shareholder expectations and legal standards, leading to a positive public image . Ethical practices safeguard resources, minimize risks, and support a healthy organizational culture, contributing to long-term sustainability and aligning with social expectations .

Sustaining technologies enhance market dynamics by improving existing products, supporting incremental advancements that competitors can match . Disruptive technologies, however, change market dynamics by creating entirely new markets or transforming existing ones, compelling companies to innovate or risk obsolescence . This results in increased competition as businesses strive to adapt to new conditions .

eBusiness has transformed traditional business models by introducing online platforms that reduce reliance on intermediaries and enhance direct customer interactions . This transformation allows businesses to scale more easily and personalize services to cater to individual customers, thereby quickly adapting to market changes . Consequently, companies can expand their reach and improve efficiency, accommodating a broader customer base while maintaining personalization .

Mass customization and personalization can decrease buyer power by enhancing consumer satisfaction on a large scale, which improves loyalty. Personalization further solidifies this relationship by offering individualized solutions, making consumers feel valued and less inclined to switch to other companies . This personalization fosters a strong customer-company connection, reducing the likelihood of buyers seeking alternatives .

Sustaining technology impacts conventional markets by enhancing existing products and services, thereby meeting market needs through improvements like better processing power or battery life . In contrast, disruptive technology introduces new products that create entirely new markets or drastically transform existing ones, often rendering incumbents obsolete. Examples include smartphones replacing basic phones or streaming services overtaking DVDs .

Privacy and confidentiality share the goal of securing information, building trust between parties, and complying with ethical and legal standards . Privacy allows individuals to control personal information disclosure, while confidentiality ensures that shared information doesn't reach unintended parties, both integral to effective information security .

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