978-0073402987 Chapter 3 Chapter 3 Closing Material Part 1

Type

Quiz

Book Title

Business Driven Information Systems 5th Edition

ISBN 13

978-0073402987

April 4, 2019

CHAPTER three

CLOSING MATERIAL

OPENING CASE QUESTIONS

BITCOIN

1. Knowledge: Do you consider Bitcoin a form of disruptive or sustaining

technology?

Depending on the time when you review the case Bitcoin could be considered

disruptive or sustaining and you’ll want to ensure your student’s justify their

2. Comprehension: How can a web-based business benefit from Bitcoin?

Bitcoin is perfect for a Web based business as it can accept Bitcoins for

3. Application: Describe the revenue model for how miners receive

Bitcoin currency.

Bitcoin are generated as transaction fees as the coins are used similar to

currency.

4. Analysis: What is open source software and how is Bitcoin using it?

An open system consists of nonproprietary hardware and software based on

publicly known standards that allows third parties to create add-on products to

plug into or interoperate with the system. Thousands of hardware devices and

software applications created and sold by third-party vendors interoperate with

computers, such as iPods, drawing software, and mice.

Source code contains instructions written by a programmer specifying the

actions to be performed by computer software. Open source refers to any

software whose source code is made available free (not on a fee or licensing

basis as in ebusiness) for any third party to review and modify. Business 2.0 is

capitalizing on open source software. Mozilla, for example, offer its Firefox

Web browser and Thunderbird email software free. Mozilla believes the Internet

5. Synthesis. Why are Governments wary of Bitcoins?

Bitcoins are not backed by any Government making the currency not stable

6. Evaluate: What are the security and trust issues surrounding Bitcoin?

Technology Dependence

Many people today expect to be continuously connected, and their dependence

on technology glues them to their Web connections for everything from Web

conferencing for a university class or work project to making plans with friends

Information Vandalism

Open source and sharing are both major advantages of Business 2.0, and

ironically they are major challenges as well. Allowing anyone to edit anything

opens the door for individuals to purposely damage, destroy, or vandalize

website content. One of the most famous examples of wiki vandalism occurred

when a false biography entry read that John Seigenthaler Sr. was assistant to

Attorney General Robert F. Kennedy in the early 1960s and was thought to have

been directly involved in the assassinations of both Kennedy and his brother,

President John F. Kennedy. Seigenthaler did work as an assistant to Robert

Kennedy, but he was never involved in the assassinations. Wiki vandalism is a

Violations of Copyright and Plagiarism

Online collaboration makes plagiarism as easy as clicking a mouse.

Unfortunately a great deal of copyrighted material tends to >nd its ways to

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REVIEW QUESTIONS

1. What is the different between sustaining and disruptive

technology?

A disruptive technology is a new way of doing things that initially does not

meet the needs of existing customers. Disruptive technologies tend to open

new markets and destroy old ones. A sustaining technology, on the other

2. Do you consider the Internet and WWW forms of sustaining or

disruptive technology?

The WWW and the Internet are both disruptive technologies.

3. How has the Internet and WWW created a global platform for

business?

As people began learning about the WWW and the Internet, they understood

that it enabled a company to communicate with anyone, anywhere, at any

4. What is the difference between ebusiness and ecommerce?

Ecommerce is the buying and selling of goods and services over the

Internet. Ecommerce refers only to online transactions. Ebusiness includes

5. What are the benefits and challenges associated with ebusiness?

Advantages of ebusiness include opening new markets, reducing costs,

improving operations, and improving effectiveness. The challenges of

6. What are the benefits and challenges associated with Business 2.0?

The bene>ts of Business 2.0 include content sharing through open sourcing,

user-contributed content, and collaboration inside and outside the

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7. Explain business models and their role in a company. How did

ebusiness change traditional business models?

A business model is a plan that details how a company creates, delivers,

and generates revenue. Ebusiness opened new avenues for companies to

8. How can a company use mass customization and personalization to

decrease buyer power?

Mass customization and personalization keep customers loyal and coming

back thus reducing buyer power.

9. How does ebusiness differ from Business 2.0?

Ebusiness was the primary business model during Web 1.0 and Business 2.0

represents the characteristics of collaboration and sharing.

10. What are the differences among collective intelligence,

knowledge management, and crowdsourcing?

Collective intelligence is collaborating and tapping into the core knowledge

of all employees, partners, and customers. Knowledge can be a real

competitive advantage for an organization. The most common form of

collective intelligence found inside the organization is knowledge

11. Why is knowledge management critical to a business?

The primary objective of knowledge management is to be sure that a

company’s knowledge of facts, sources of information, and solutions are

12. What are the benefits and challenges associated with wikis?

Wikis are great tools for collaborating but can be changed and updated by

13. How do disintermediation, reintermediation, and

cybermediation differ?

Intermediaries are agents, software, or businesses that provide a trading

infrastructure to bring buyers and sellers together. The introduction of

ebusiness brought about disintermediation, which occurs when a business

14. What is the semantic web?

The semantic web as a component of Web 3.0 that describes things in a way

that computers can understand. The semantic web is not about links

15. How does mbusiness different from ebusiness?

Mobile business (or mbusiness, mcommerce) is the ability to purchase

goods and services through a wireless Internet-enabled device.

CLOSING CASE ONE

SOCIAL MEDIA AND ASHTON KUTCHER

1. Do you consider Facebook, MySpace, and LinkedIn forms of disruptive

or sustaining technology?

Depending on the time when you review the case these companies could be

2. Create a list of the online businesses discussed in the case and

determine if they are examples of Web 1.0 (ebusiness) or Web 2.0

(Business 2.0).

Web 1. 0: None are discussed in this case

3. Describe the ebusiness model and revenue model for Linked In,

MySpace, or Facebook.

**Please note the answer to the below might change over time as the

4. What is open source software and can a business use it for a social

networking platforms?

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