Question 1

Network value is based on the logic of value in plentitude.

Accepted Answer

A) True 
 B)False

Question 2

When will the positive effect associated with network effects play out?

Accepted Answer

A)  Until one firm dominates the network and all other competitors disappear 
B)  Until the network is saturated 
C)  Until a competitor enters the market 
D)  It will never play out 
E)  When all competitors are of approximately the same size 
A)  Until one firm dominates the network and all other competitors disappear 
B)  Until the network is saturated 
C)  Until a competitor enters the market 
D)  It will never play out 
E)  When all competitors are of approximately the same size

Question 3

What is the relationship between data and information?

Accepted Answer

A)  Information is more precise than data 
B)  Information is data in context 
C)  Information is codified raw facts that have to be processed to become data 
D)  Information only exists in Transaction Processing Systems while data has to be stored in a Decision Support System 
E)  Information is what you know, data is what the competition has 
A)  Information is more precise than data 
B)  Information is data in context 
C)  Information is codified raw facts that have to be processed to become data 
D)  Information only exists in Transaction Processing Systems while data has to be stored in a Decision Support System 
E)  Information is what you know, data is what the competition has

Question 4

Network economics is based on the logic of scarce resources

Accepted Answer

A) True 
 B)False

Question 5

The Internet is primarily using open standards

Accepted Answer

A) True 
 B)False

Question 6

Define what a disruptive technology is, list several examples and describe their effects on their respective industries, and discuss how existing firms should react when faced with new technology that may be disruptive to their industry.

Accepted Answer

A disruptive technology is a new innovat

Question 7

Provide some examples of internet services.

Accepted Answer

World Wide Web (WWW), Instant Messaging

Question 8

Define "sustainable technology" and "disruptive technology."

Accepted Answer

Sustainable technology is the technologi

Question 9

A sustaining technology provides the same set of characteristics with superior performance.

Accepted Answer

A) True 
 B)False

Question 10

On Feb 24th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

Accepted Answer

A)  The market has tipped in favor of Sony Blu-Ray and Toshiba understood that continuing to compete would be pointless 
B)  The high definition DVD market was not a tippy market and the strong network effects that Toshiba could leverage had dissipated 
C)  Until the network is saturated there is an opportunity to discover profitable niches and maintain financial viability 
D)  Information economics are strong in the high definition DVD market and Sony Blu-Ray was the first one to achieve critical mass of information reusability. 
E)  Impossible to determine from the information given. 
A)  The market has tipped in favor of Sony Blu-Ray and Toshiba understood that continuing to compete would be pointless 
B)  The high definition DVD market was not a tippy market and the strong network effects that Toshiba could leverage had dissipated 
C)  Until the network is saturated there is an opportunity to discover profitable niches and maintain financial viability 
D)  Information economics are strong in the high definition DVD market and Sony Blu-Ray was the first one to achieve critical mass of information reusability. 
E)  Impossible to determine from the information given.

Question 11

In class we have used the example of eBay, Inc. as a firm that has achieved a dominant position in its market. What is the cause of its dominance?

Accepted Answer

A)  eBay has achieved critical mass and has the strongest brand 
B)  eBay has achieved critical mass and has the lowest prices 
C)  eBay has achieved critical mass in a market with strong network effects 
D)  eBay has gotten lucky since its uses an easily copied website 
E)  All off the above are reasons for eBay's dominance 
A)  eBay has achieved critical mass and has the strongest brand 
B)  eBay has achieved critical mass and has the lowest prices 
C)  eBay has achieved critical mass in a market with strong network effects 
D)  eBay has gotten lucky since its uses an easily copied website 
E)  All off the above are reasons for eBay's dominance

Question 12

The Internet and the Web are exactly the same concepts

Accepted Answer

A) True 
 B)False

Question 13

The Internet is the World Wide Web which delivers many services such as email, instant messaging and etc.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is a simple definition of the Internet?

Accepted Answer

A)  A user interface 
B)  A place where network effects happen 
C)  A network of networks 
D)  The cable infrastructure used to connect computers 
E)  A connection between two or more computers 
A)  A user interface 
B)  A place where network effects happen 
C)  A network of networks 
D)  The cable infrastructure used to connect computers 
E)  A connection between two or more computers

Question 15

Who owns the Internet?

Accepted Answer

A)  The Internet is owned by the users who browse websites 
B)  The Internet is owned by the governments 
C)  The Internet is owned by the web engineers 
D)  The Internet is owned by millions of entities 
E)  The Internet is owned by the universities 
A)  The Internet is owned by the users who browse websites 
B)  The Internet is owned by the governments 
C)  The Internet is owned by the web engineers 
D)  The Internet is owned by millions of entities 
E)  The Internet is owned by the universities

Question 16

The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and create a trade-off between richness and reach. Please explain this "Richness and Reach Trade-Off.

Accepted Answer

Richness represents the amount of inform

Question 17

With the advent and widespread adoption of a cheaply and easily accessible information infrastructure, what happens to the "Richness and Reach Trade-Off"?

Accepted Answer

A)  The trade-off between reach and richness has not been eliminated 
B)  The trade-off between reach and richness is increasingly being lifted 
C)  It depends on if the information goods are in a tippy market or not 
D)  Nothing will happen 
E)  Balance is reached quickly 
A)  The trade-off between reach and richness has not been eliminated 
B)  The trade-off between reach and richness is increasingly being lifted 
C)  It depends on if the information goods are in a tippy market or not 
D)  Nothing will happen 
E)  Balance is reached quickly

Question 18

Tippy markets are characterized by a strong variety in product needs.

Accepted Answer

A) True 
 B)False

Question 19

A disruptive technology provides the same set of characteristics with radically superior performance.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following companies is/are not in a tippy market?

Accepted Answer

A)  eBay.com 
B)  Resort Condominiums International, LLC 
C)  Buy.com 
D)  Skype 
E)  LinkedIn.com 
A)  eBay.com 
B)  Resort Condominiums International, LLC 
C)  Buy.com 
D)  Skype 
E)  LinkedIn.com

Network value is based on the logic of value in plentitude.

When will the positive effect associated with network effects play out?

What is the relationship between data and information?

Network economics is based on the logic of scarce resources

The Internet is primarily using open standards

Define what a disruptive technology is, list several examples and describe their effects on their respective industries, and discuss how existing firms should react when faced with new technology that may be disruptive to their industry.

Provide some examples of internet services.

Define "sustainable technology" and "disruptive technology."

A sustaining technology provides the same set of characteristics with superior performance.

On Feb 24^th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

In class we have used the example of eBay, Inc. as a firm that has achieved a dominant position in its market. What is the cause of its dominance?

The Internet and the Web are exactly the same concepts

The Internet is the World Wide Web which delivers many services such as email, instant messaging and etc.

Which of the following is a simple definition of the Internet?

Who owns the Internet?

The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and create a trade-off between richness and reach. Please explain this "Richness and Reach Trade-Off.

With the advent and widespread adoption of a cheaply and easily accessible information infrastructure, what happens to the "Richness and Reach Trade-Off"?

Tippy markets are characterized by a strong variety in product needs.

A disruptive technology provides the same set of characteristics with radically superior performance.

Which of the following companies is/are not in a tippy market?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation and Strategic Information Systems

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters

Exam 4: The Changing Competitive Environment

Network value is based on the logic of value in plentitude.

When will the positive effect associated with network effects play out?

What is the relationship between data and information?

Network economics is based on the logic of scarce resources

The Internet is primarily using open standards

Define what a disruptive technology is, list several examples and describe their effects on their respective industries, and discuss how existing firms should react when faced with new technology that may be disruptive to their industry.

Provide some examples of internet services.

Define "sustainable technology" and "disruptive technology."

A sustaining technology provides the same set of characteristics with superior performance.

On Feb 24th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?

In class we have used the example of eBay, Inc. as a firm that has achieved a dominant position in its market. What is the cause of its dominance?

The Internet and the Web are exactly the same concepts

The Internet is the World Wide Web which delivers many services such as email, instant messaging and etc.

Which of the following is a simple definition of the Internet?

Who owns the Internet?

The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and create a trade-off between richness and reach. Please explain this "Richness and Reach Trade-Off.

With the advent and widespread adoption of a cheaply and easily accessible information infrastructure, what happens to the "Richness and Reach Trade-Off"?

Tippy markets are characterized by a strong variety in product needs.

A disruptive technology provides the same set of characteristics with radically superior performance.

Which of the following companies is/are not in a tippy market?

Information Systems and the Role of General and Functional Managers

Information Systems Defined

Organizational Information Systems and Their Impact

Electronic Commerce: New Ways of Doing Business

Strategic Information Systems Planning

Value Creation and Strategic Information Systems

Value Creation With Information Systems

Appropriating It-Enabled Value Over Time

Funding Information Systems

Creating Information Systems

Information System Trends

Security, Privacy, and Ethics

Filters

On Feb 24^th 2008 Toshiba announced that it would no longer produce HD DVD and conceded that Sony Blue-Ray has won the competition for dominance in the high definition DVD market. What can we conclude from this announcement?