Exam 1: Setting the Stage: Technology and the Modern Enterprise

Palmer Luckey, the founder of Oculus, was able to get early funding for his product via Kickstarter, exceeding the fundraising goal set by his campaign without giving up a share of equity from this campaign.

Linus Torvals created the Linux operating system.

The _____ department in an organization not only ensures that systems get built and keep running but also take on strategic roles targeted at proposing solutions for how technology can give the firm a competitive edge.

Today's job seekers are writing résumés with keywords in mind, aware that the first cut is likely made by a database search program, not a human being.

Technology experts in the area of user-interface design specialize in technology for competitive advantage.

Name at least three technology firms that were founded by people in their twenties or younger.

Technology has proliferated in Kenya and Somaliland, with text messages used to replace cash, creating mobile money use that, on a population percentage basis, exceeds any nation in the West.

Funding projects via online efforts such as Kickstarter are referred to by the term _____________.

Technology experts in the area of process design:

Technology experts in the area of user-interface design:

The United States holds the number one ranking in home broadband access.

The rise of open source software has lowered computing costs for start-up and blue chip companies worldwide.

What factors contribute to the current 'golden age' of young entrepreneurship, allowing innovators to create and deploy services with less expense than prior generations?

The phrase _____________ is often used to describe the trend of putting "smarts" (meaning computing and telecommunications technology) putting into everyday products such as lamps, watches, thermostats, and door locks; as well as embedding tech into industrial goods.

One contributor to the easy with which young entrepreneurs can have success is low-cost distribution to massive markets worldwide. This is enabled by:

Shawn Fanning's _____ was widely criticized as a piracy playground.

Data analytics and business intelligence are driving discovery and innovation.

Sales in Apple's app store are so large, that they would be ranked as a Fortune 500 firm if the figure were broken out as a firm separate from Apple.

Tech firms are among the best performing firms in the world. According to the chapter, which firm is the most valuable firm in the United States, and has also posted some of the most profitable quarters of any business in any industry.

Steve Chen and Chad Hurley are credited as the founders of: