Micheal Porter is a university professor at Harvard Business School, where he leads the Institute on Strategy and Competitiveness, studying competitiveness for companies and nations—and as a solution to social problems. He is the founder of numerous nonprofits, including the Initiative for a Competitive Inner City, a nonprofit, private-sector organization to catalyze inner-city business development. Fortune magazine calls Michael Porter simply “the most famous and influential business professor who has ever lived.” His books are part of foundational coursework for business students around the world; he’s applied sharp insight to health care systems, American competitiveness, development in rural areas. Now he’s taking on a massive question: the perceived disconnect between corporations and society. He argues that companies must begin to take the lead in reconceiving the intersection between society and corporate interests—and he suggests a framework, that of “shared value,” which involves creating economic value in a way that also creates value for society. Visit TED.com to watch Michael Porter’s video on why business can be good at solving social problems: https://www.ted.com/talks/michael_porter_why_business_can_be_good_at_solving_social_ problems Required: 1. In today’s global business environment, does the physical location of a business matter? 2. Do you agree or disagree that business can solve social problems? Justify your answer.
> Find the first derivatives. f (P) = P3 + 3P2 - 7P + 2
> Find the first derivatives. f (t) = (t2 + 1)5
> Consider the cost function of Example 6. (a) Graph C(x) in the window [0, 60] by [-300, 1260]. (b) For what level of production will the cost be $535? (c) For what level of production will the marginal cost be $14? Cost Function of Example 6: C(x) = .0
> For the given function, simultaneously graph the functions f (x), f (x), and f (x) with the specified window setting. f (x) = x/1 + x2 , [-4, 4] by [-2, 2].
> Compute the third derivatives of the following functions: (a) f (t) = t10 (b) f (z) = 1/z + 5
> The third derivative of a function f (x) is the derivative of the second derivative f ‘(x) and is denoted by f ‘(x). Compute f ‘(x) for the following functions: (a) f (x) = x5 - x4 + 3x (b) f (x) = 4x5/2
> A toy company introduces a new video game on the market. Let S(x) denote the number of videos sold on the day, x, since the item was introduced. Let n be a positive integer. Interpret S(n), S’(n), and S(n) + S’(n).
> (a) Let A(x) denote the number (in hundreds) of computers sold when x thousand dollars is spent on advertising. Represent the following statement by equations involving A or A’: When $8000 is spent on advertising, the number of computers sold is 1200 and
> The financial analysts at the store in Example 5 corrected their projections and are now expecting the total sales for the x day of January to be (a) Let S(x) be as in Example 5. Compute T(1), T’(1), S(1), and S’(1
> (a) Compute S(10) and S’(10). (b) Use the data in part (a) to estimate the total sales on January 11. Compare your estimate to the actual value given by S(11).
> Differentiate. y = (x2 - 1)3
> Differentiate. y = 6x3
> What is the difference between a C2B and C2C?
> Explain why a business would use metrics to measure the success of strategic initiatives.
> Define critical success factors (CSFs) and key performance indicators (KPIs), and explain how managers use them to measure the success of MIS projects.
> Bug reports are an important part of software development. All bugs must be logged, fixed, and tested. There are three common types of bugs programmers look for when building a system: ■ Syntax errors: A mistake in the program’s words or symbols. ■ Runti
> How can global warming be real when there is so much snow and cold weather? That’s what some people wondered after a couple of massive snowstorms buried Washington, DC, and parts of the East Coast. Politicians across the capital made jokes and built iglo
> Using drones to drop off packages could be great for buyers, who might want to get certain items as fast as humanly possible. Back in 2013, when Amazon revealed plans to begin delivering packages via flying drones through Prime Air, some seemed skeptical
> What are the four common characteristics of big data?
> What is big data?
> What is a click-and-mortar? Provide an example.
> What is a brick-and-mortar? Provide an example.
> What is a pure-play? Provide an example.
> Compare disruptive and sustaining technologies, and explain how the Internet and WWW caused business disruption.
> What is the difference between a B2B and a B2C?
> What are the benefits and challenges associated with ebusiness?
> How did ebusiness change traditional business models?
> What is an ebusiness model?
> What is the difference between search engine ranking and search engine optimization?
> Why is search engine ranking important to a company?
> What are the four data-mining techniques for predictions and why are they important to a business?
> What is data-driven decision management?
> What are the four data-mining techniques? Provide examples of how you would use each one in business.
> Identify the advantages of using business intelligence to support managerial decision making.
> What are the six steps in the data-mining process and why is each important?
> What is virtualization and how has it helped drive the big data era?
> What is distributed computing and how has it helped drive the big data era?
> Slack’s business model is simple: Be Less Busy. It’s hard to imagine any busy professional not coveting those simple words. Slack’s promise is to make business professionals more productive by eliminating meetings and emails. Can you imagine a life witho
> Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Bitcoin isn’t just a currency, like dollars or euros or yen. It’s a way of making payments, like PayPal or the Visa credit card network. Bitcoins ca
> Identify the four common characteristics of big data.
> Identify the four challenges associated with ebusiness.
> Describe the six ebusiness tools for connecting and communicating.
> Compare the four categories of ebusiness models.
> Explain the importance of data analytics and data visualization.
> Describe the roles and purposes of data warehouses and data marts in an organization.
> Explain data mining and identify the three elements of data mining.
> Data Visualization: Stories for the Information Age At the intersection of art and algorithm, data visualization schematically abstracts information to bring about a deeper understanding of the data, wrapping it in an element of awe. While the practice
> The word gig comes from the music world; a gig is a paid appearance of limited duration. A gig economy is an environment in which temporary employment is common and organizations contract with independent workers for short-term engagements. Today’s workf
> eBay is the world’s largest online marketplace, with 97 million global users selling anything to anyone at a yearly total of $62 billion—more than $2,000 every second. Of course with this many sales, eBay is collecting the equivalent of the Library of Co
> Where are the supplier’s suppliers in a typical supply chain?
> Where are the customer’s customers in a typical supply chain?
> What is the bullwhip effect and how can it impact a supply chain and a firm’s profitability?
> What are the five primary activities in a supply chain?
> What are the three different ERP implementation choices?
> Describe Web 1.0 along with ebusiness and its associated advantages.
> How does a company measure the success of an ERP system?
> At the heart of an ERP system is a database that is capturing all of the operational system data.
> The four most common extended ERP components business intelligence, customer relationship management, supply chain management, and ebusiness.
> What are the components in a core ERP system?
> What is the difference between core and extended ERP?
> What is an enterprise resource planning system?
> What is RFID’s primary purpose in the supply chain?
> What is materials management and how does it impact the supply chain?
> What is logistics and how does it impact the supply chain?
> What is procurement and how does it impact the supply chain?
> Did you know: â– Once every 3 minutes, the average company comes into contact with viruses and malware. â– One in every 291 email messages contains a virus. â– Three things hackers want most are customer
> Have you ever seen the movie Terminator in which machines take over the world? Do you think that scenario could ever come true? Researching the Internet of Things makes you wonder if robots can gain self-consciousness, making the possibility of them taki
> Describe supply chain management along with its impact on business.
> Identify the core and extended areas of enterprise resource planning.
> Describe the role information plays in enterprise resource planning systems.
> Discuss the current technologies organizations are integrating in enterprise resource planning systems.
> Identify the three components of supply chain management along with the technologies reinventing the supply chain.
> Have you ever lost a beloved pet? No worries, just draw a picture of your pet and print a plastic replica from your 3D desktop printer so your cat or dog can sit on your desk forever. Can you imagine printing your drawing in 3D? Well, there is no need to
> We are currently in the middle of the connected car revolution, a vehicle equipped with smart sensors, Internet access, and a number of information systems that make driving easy, intelligent, and safe. Connected cars share information with individuals i
> The world of ERP may seem boring to those caught up in the hysteria over Twitter and iPhone applications, but there’s plenty of drama to be found: Troubled multimillion-dollar software deals that produce spectacular failures and huge spending nightmares;
> In his book The World Is Flat, Thomas Friedman describes the unplanned cascade of technological and social shifts that effectively leveled the economic world and “accidentally made Beijing, Bangalore, and Bethesda next-door neighbors.&a
> Over 20 years ago a few professors at MIT began describing the Internet of Things (IoT), which is a world where interconnected Internet-enabled devices or “things” have the ability to collect and share data without human intervention. Another term for th
> What is the relationship between adware and spyware?
> What are the costs associated with downtime?
> What are the reasons a company experiences downtime?
> What is the difference between pirated software and counterfeit software?
> What is the correlation between privacy and confidentiality?
> What are ethics and why are they important to a company?
> What is business intelligence and how can it help a company achieve success?
> What are the causes of dirty data?
> What is the purpose of information cleansing (or scrubbing)?
> How does ETL help transfer data in and out of the data warehouse?
> Watson is an IBM supercomputer that combines artificial intelligence (AI) and sophisticated analytical software for optimal performance as a question answering machine. The supercomputer is named for IBM’s founder, Thomas J. Watson. The Watson supercompu
> What is a data warehouse and why would a business want to implement one?
> What is the difference between a knowledge facilitator and knowledge assets?
> What is the relationship between hackers and viruses?
> What are the positive and negative effects associated with monitoring employees?
> What are the three types of analytics?
> How can a company use disintermediation to achieve a competitive advantage?
> How does system thinking support business operations?
> What type of career are you planning to pursue? How will your specific career use data, information, business intelligence, and knowledge?
> Do you agree that MIS is essential for businesses operating in the information age? Why or why not?
> What is MIS and what role does it plays in an organization?
> Why is it important for a company to operate cross-functionally?
> What is the relationship between data, information, business intelligence, and knowledge?
