Well this is my last blog for MIS 290 Chapter 7 Network Effects.
Network effects or Metcalfe's Law (after Bob Metcalfe inventor of the networking system) once wrote in Info World Magazine stating that the value of a network equals its number of users squared. I guess that was enough to get Bill Gates attention because Gates leveraged network effects to turn Windows and Office into virtual monopolies and in the process became the wealthiest man in America. Gates is one smart man in my opinion. When network effects are present, the value of a product or service increases as the number of users grows. More users equal more value. Keep in mind that a cool idea does not make a network effect happen.
Lets talk about Ebay with the early use of technology this allowed the firm to create both network effects and switching costs which give them a dual strategic advantage to keep a hammerlock on auctions. So in the world of network effects its a biggie to be first. This allows your firm to start the network effects snowball rolling in your direction.
Firms can also use partnerships to grow market share for a network. Exchange, staying power adds complementary benefits that often work together to reinforce one another in a way that makes the network effect even stronger.
While network effects limit competition against the dominant standard, innovation within a standard may actually blossom or create a monopoly-a market where there are many buyers but only one dominant seller.Aka Walmart.
Well in my opinion network effects work but you have to be first to gain the market and then on the other end it can create a monopoly and this can be bad because it leaves one dominant seller. Now if you are the creater/inventor then your monopoly will benefit you greatly but it leaves smaller businesses struggling and possibly going out of business which in turn costs jobs.
In my opinion technology is a wonderful thing yes and then again no because nothing can function without power.
Friday, February 21, 2014
Monday, February 10, 2014
MIS 290 Chapter 5 Moore's Law
Moore's Law-the phenomenon of "faster, cheaper" computing.
When technology gets cheap price elasticity kicks in.
Fast/cheap computig also feeds a special kind of price elasticity where a whole new markets are created. This fact provides an opportunity to those who recognize and can capitalize on the capabilities of new technology. As technology advances, new industries, business models and products are created, while established firms and ways of doing business can be destroyed.
Managers must regularyly study trends and trajectory in technology to recognie opportunity and avoid disruption.
Moore's Law (and related advances in fast/ceap technologies in things like storage and telecommunication has driven six waves of disruptive, market-transforming computing. The sixth wave involves embedding intelligence and communications in all sorts of mudane devices. Some point to a future "Internet of Things"where object will collect and share data and automatically coordinate collective action for radical efficiency improvements.
This is kind of scary to me. I think we can take technology just a little to far!
Moore says that we're getting better over time at squeezing more stuff into tinier spaces. While it might makes sense it can cause problems of size verses heat and power that together threatening to slow down Moore's Law Advance and melt inside thier packaging. Computers draw 4 to 5 percent of the world's power.
Today's researchers are coming up with all sorts of facinating technology that will surely change the world. The one that could blow the lid the lid off whats possible is Quantum Computing. They employ qubits that can be both one and zero at the same time. Add a bit to a conventional computers memory and you double it capacity. Add a bit to a quantum computer and its capacity increases exponentially. Quantum computing one day may allow pharmaceutical companies to create hyperdetailed representations of the human body, that reveal drug side effects before they are tested on humans. Accurately predict the weather months in advance and offer unbreakable computer security. All of this seems wonderful and scarey at the same time.
When technology gets cheap price elasticity kicks in.
Fast/cheap computig also feeds a special kind of price elasticity where a whole new markets are created. This fact provides an opportunity to those who recognize and can capitalize on the capabilities of new technology. As technology advances, new industries, business models and products are created, while established firms and ways of doing business can be destroyed.
Managers must regularyly study trends and trajectory in technology to recognie opportunity and avoid disruption.
Moore's Law (and related advances in fast/ceap technologies in things like storage and telecommunication has driven six waves of disruptive, market-transforming computing. The sixth wave involves embedding intelligence and communications in all sorts of mudane devices. Some point to a future "Internet of Things"where object will collect and share data and automatically coordinate collective action for radical efficiency improvements.
This is kind of scary to me. I think we can take technology just a little to far!
Moore says that we're getting better over time at squeezing more stuff into tinier spaces. While it might makes sense it can cause problems of size verses heat and power that together threatening to slow down Moore's Law Advance and melt inside thier packaging. Computers draw 4 to 5 percent of the world's power.
Today's researchers are coming up with all sorts of facinating technology that will surely change the world. The one that could blow the lid the lid off whats possible is Quantum Computing. They employ qubits that can be both one and zero at the same time. Add a bit to a conventional computers memory and you double it capacity. Add a bit to a quantum computer and its capacity increases exponentially. Quantum computing one day may allow pharmaceutical companies to create hyperdetailed representations of the human body, that reveal drug side effects before they are tested on humans. Accurately predict the weather months in advance and offer unbreakable computer security. All of this seems wonderful and scarey at the same time.
Friday, January 31, 2014
MIS 290 Chapter 4 The Making of an E-commerce
In my opinion, I do not watch T.V. that much. I don't have time or it just has pure trash on it! As far as Netflix goes, I don't know if Netflix will flourish again. Streaming is its best business but its losing its DVD customers. This has cost people jobs in closing of some of its shipping centers and with the price of postal services going up this will increase rates and potentially hurt their mail orders. Also studios have begun to increase prices for digital rentals to make digital sales more attrative, it almost seems like Netflix is fighting a losing battle.
Who are Netflix's emerging competitors? Amazon Prime Instant while a smaller competitor it gives customers the best service and best value for the money. It comes free with any Amazon Prime membership.
Hulu Plus carries current season episodes for 5 of the top 6 broadcast networks- ABC, NBC and FOX which has huge amounts of their content avaliable which is great for cord-cutters looking for next-day viewing of their favorite shows.
And then there is HBO GO which has the quality movies of the streaming video on demand (SVOD) services and is the clear leader by a wide margin in original programming.
How would I have handled public ire that resulted after raising prices by 60% in July 2011? Well as a customer I would drop them from a business stand-point not a good move probably would have tried to avoid it. There must have been a better solution. Consumers these days are fed up with high prices and I am one of them.
With the Share prices dropping, I'm not going to invest. I never really liked Netflix DVD mailing idea because I did subscribe and when I would return my videos in the mail I would get notifications that they did not receive some of them back and that became an aggervation because how easily DVD can be stolen by mailroom or delivers and then you look like you didn't return what you rented so it was a NO-GO for me. I think there is better competition fighting Netflix and it's only a matter of time before they start losing more profits especially if the streaming keeps edging out the DVD rentals.
Who are Netflix's emerging competitors? Amazon Prime Instant while a smaller competitor it gives customers the best service and best value for the money. It comes free with any Amazon Prime membership.
Hulu Plus carries current season episodes for 5 of the top 6 broadcast networks- ABC, NBC and FOX which has huge amounts of their content avaliable which is great for cord-cutters looking for next-day viewing of their favorite shows.
And then there is HBO GO which has the quality movies of the streaming video on demand (SVOD) services and is the clear leader by a wide margin in original programming.
How would I have handled public ire that resulted after raising prices by 60% in July 2011? Well as a customer I would drop them from a business stand-point not a good move probably would have tried to avoid it. There must have been a better solution. Consumers these days are fed up with high prices and I am one of them.
With the Share prices dropping, I'm not going to invest. I never really liked Netflix DVD mailing idea because I did subscribe and when I would return my videos in the mail I would get notifications that they did not receive some of them back and that became an aggervation because how easily DVD can be stolen by mailroom or delivers and then you look like you didn't return what you rented so it was a NO-GO for me. I think there is better competition fighting Netflix and it's only a matter of time before they start losing more profits especially if the streaming keeps edging out the DVD rentals.
Saturday, January 25, 2014
Separates Winners from Losers
Chapter 2 of Information Systems: A Manager's Guide to Harnessing Technology. In my opinion what seperates Winners from Losers is the ability to have sustaniable advantage over your competitor. Example would be FreshDirect-The New York City-based grocery firm. Is a webbased grocery retailor offering a product mix heavy on fresh produce as well as one-click menus and semi-prepared specials meals in four mins. I was blown away by this innovative idea. How amazing technology has come since I was born. Order your grocerys online and have them delivered to your door...Only in New York! I live in a rural area and this blows my mind but yet again I can't even imagine how it could ever work where I live. I see why it is popular for busy people in a large city like New York but for me even though I am busy I don't always mind getting out of the house and going to the store and buying things myself. Keeps a person active and also you run into people who haven't seen in awhile and thats always fun. If I was to put my perspective on winners and losers in this high tech world we live in I guess its all in how you play the game. Sometimes you can go all in and win and sometimes you can go all in and lose big time. Its easy to enter the market but if you can't create a leverage above your competitors then your not going to be able to sustain your advantage. Like FreshDirect, I don't really see any competitors coming too close to competing but then I feel for the mom and pop store that struggle to survive. Technology the wonderful creation that it has become can also be devastation for an entrepreneurs dream who opened a "brick and morter" business because it is hard to compete with internet sales. It is a shame the world has become a "dog eat dog world" because when it comes to business only the strong, innovative, consistent, relentless companies who create a brand that can't be imitated are gonna survive.
Setting the stage: Technology and the modern enterprise.
Strategy and Technology: concepts and frameworks for understanding!
Well this blog was due the 18th of January and I am late because I posted a blog about my wedding, but anyway. I read this chapter and honestly I am not a computer savy person. I can type well but understanding all these high tech gadgets and systems leave me feeling like a failure, in a sense. I am glad that we have technology as amazing as it is but I am just plain lost. I read it and grasp the concept of it but then forget what I read 30 mins after. I think there is good in technology and then there is the bad. The way the world has evolved into what it has become in my mind sometimes seems like a scary place with the way technology has evolved, but then again I like my iPhone 5 S. I like searching the internet for information or products without having to leave my home. I picked up from reading chapter1 about some of the young founders of google, apple etc. and what countrys are evolving quickly. I realize also that I need to geek up in this high tech world because I feel like I'm falling further and further behind and tech jobs are the top 5 best jobs in America. I feel like I need to spend a year with some computer savy person or class and learn how to be more aware of the high tech world and how to better use it for my own person gains.
Well this blog was due the 18th of January and I am late because I posted a blog about my wedding, but anyway. I read this chapter and honestly I am not a computer savy person. I can type well but understanding all these high tech gadgets and systems leave me feeling like a failure, in a sense. I am glad that we have technology as amazing as it is but I am just plain lost. I read it and grasp the concept of it but then forget what I read 30 mins after. I think there is good in technology and then there is the bad. The way the world has evolved into what it has become in my mind sometimes seems like a scary place with the way technology has evolved, but then again I like my iPhone 5 S. I like searching the internet for information or products without having to leave my home. I picked up from reading chapter1 about some of the young founders of google, apple etc. and what countrys are evolving quickly. I realize also that I need to geek up in this high tech world because I feel like I'm falling further and further behind and tech jobs are the top 5 best jobs in America. I feel like I need to spend a year with some computer savy person or class and learn how to be more aware of the high tech world and how to better use it for my own person gains.
Tuesday, January 21, 2014
My Wedding Day!
My Sweetheart: My Sout Mate!
I married my dream guy on June 30, 2012
We reunited at our 20th High School Reunion.
I needed a ride home and he volunteered and the rest is history as they say.
So much has changed for my life for the better but it is not always easy trying to work, be a mom and attend college full-time. It feels like I am never going to get finished but I know if I give up then I never will. I will be the first in my family to finish college. I hope I am setting an example for my children. My oldest son is married, works and has given me a beautiful grandson, Zander the sweetest gift ever! The second born is in the Army Reserves and he attends college and is getting married this July. My Valentine Baby, is my rock and I don't know what I would do without her. I would say that my life is not perfect and never will be but I wouldn't change it for anything.
I can
do all things
through
CHRIST
who gives me
strength!
Phillippians 4:13
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