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7.1.5 Practice It

This document discusses emerging technologies and how they can impact businesses. It provides examples of smart watches being used to improve employee productivity and health. Upgrades to smart watches would require additional costs beyond just software updates. Expanding customer reach could utilize technologies like laptops or smartphones which allow access to information anywhere.

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Gurjot Phul
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0% found this document useful (0 votes)
2K views5 pages

7.1.5 Practice It

This document discusses emerging technologies and how they can impact businesses. It provides examples of smart watches being used to improve employee productivity and health. Upgrades to smart watches would require additional costs beyond just software updates. Expanding customer reach could utilize technologies like laptops or smartphones which allow access to information anywhere.

Uploaded by

Gurjot Phul
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1) What major criteria must a product or process meet in order to be considered emerging 

technology? (2 points)  

The product should meet the criteria according to their needs in the market and it should be 
properly examined so that it can satisfy customer requirements. 

2) Why is it so difficult to correctly identify a new product or process as emerging technology? 


(2 points)  

emerging technology refers to new technology or technological innovations. The problem is 
that what can be considered new and how fast will it become old? Our world is changing so 
fast, that current technology will be obsolete in just a few months or years 
 

3) Timing can be a major factor in the success of a business incorporating an emerging 


technology. Describe one potential problem associated with an organization purchasing new 
technology early in its lifecycle. Describe a potential problem associated with an organization 
waiting too long to purchase a new technology. (2 points)  

When a new technology has recently been launched, it tends to be very expensive. But after 
some time the price will usually drop  

4) After a new technology is purchased, what are some additional costs that must be 
incorporated into an upgrade budget? (2 points)  

I think this depends on what kind of technology is being purchased. If it's corporate then you 
might end up buying additional software, if it's for your home then you might end up spending 
money on storage or virus protection software, if it's for a school then you might end up buying 
educational software. 

5) How have the wireless web and peer-to-peer networking helped small businesses compete 
with large corporations? (2 points)  

wireless networking helps small businesses advertise their products or services to a larger 
audience. 

STEP 2: Analyze (10 points) 


 

1) How does a smartphone compare to a tablet? Use the table to answer the question. (3 
points) 
Features of Smartphone  Features of Tablet Only  Features of Both 
Only 

Can Call/ has a phone  Larger screen, cant call  They are both almost the 
number     same but tablets are larger 
    and cannot call,  
     
   
 
 
 
 
 
 
 

2) Pick a common household appliance or machine, and think of some creative ways in which it 
could be improved by becoming part of the Internet of Things (IoT). What other machines might 
this object communicate with? What type of information would it share? (2 points) 

you could connect a fridge to the internet and send a grocery order for pick up from a store near 
you.  
 
This fridge would communicate with the computer receiving the order and then send the orders 
to the store so they can gather the items for pick up,. 
 

3) Large, established companies typically focus on developing sustaining technology. Disruptive 


technologies typically come from smaller startup companies or even a single innovator working 
out of his or her garage. What are some possible explanations for this trend? (2 points)  

 
 
 
 
 
 

4) There are four stages of a product life cycle. During which of these stages do you think is the 
best time for a company to purchase an emerging technology? Explain your answer. (1 point) 

At the maturity stage the product is well settled in the market and in its most successful stage . 
 
 
 
 
 
5) What impact has the wireless web had on business and society? (2 points)  

It has helped companies grow and advertise their products or services to a larger audience 
 
 
 
 
 

STEP 3: Synthesize (20 points) 


Imagine that you are the chief information officer for a medium-sized company that sells 
pre-packaged ingredients for healthy meals. The company is considering introducing 
emerging technologies into daily operations to improve employee productivity and expand its 
customer base. Keep in mind that the company’s main focus is to promote a healthy lifestyle 
and reach as many people with its products as possible. 

1) What are some of the key questions that will need to be answered before you are able to 
determine if implementing any new technology is worthwhile? List at least three questions to 
ask. (2 points) ​how will this product benefit the company, how will this product benefit the 
customers,  

2) You decide to start with ways to improve employee productivity. You have been reviewing 
research that states people who exercise daily are more productive at work. So, you decide to 
look into purchasing smart watches that can provide data about steps taken each day, calories 
burned, and other health information for all employees.  

a) Identify three methods for evaluating this technology based on your response to question 1. 
Complete the chart below to help you compare and contrast these methods. (3 points) 
Method   Possible Considerations   How Does This Method 
Compare to the Others? 

     
     
     
     

     
     
     
     
     
     
     
     

 
 
 
 
 
 

b) How do smart watches affect the business and its position in the global marketplace? (2 
points)  

 
 
 
 
 
 

3) Now imagine that the smart watches have been purchased for all employees. A company 
wellness program has been set up to encourage employees to use their smart watches to 
monitor their fitness activities both in and out of the office. The company views this program as 
a success and wants to keep it running. You now need to consider how you will be able to 
maintain upgrades for this program. 

a) What information will you need in order to determine the total cost of the upgrade? (2 points)  

 
How many watches will you need 

b) The company's chief financial officer recognizes the need for an upgrade to the smart 
watches, but does not understand why the budget you proposed requests more than the 
purchase price of the updated software. How would you respond to these concerns? (3 points)  

 
I'm not sure 
 
 
 
 

c) A few of the company's employees do not want to upgrade their smart watches. They explain 
that it took them a long time to learn to use the current ones and do not understand why they 
cannot continue to use it. How would you respond to these concerns? (3 points)  
I would respond with a link to a tutorial video  
 
 
 
 
 

4) With the smart watch idea explored, you now want to focus on emerging technologies that 
could help the company expand its customer base.  

a) Choose two technologies that you think would help the company meet its goals. Then fill in 
the chart below to compare the technologies in terms of how they impact business in the global 
marketplace. Include what the name of the technology and how that technology impacts 
business in a global economy for each side. In the center box, include anything the two 
technologies have in common with regard to the global marketplace. (3 points)  

b) Which technology would you choose to implement at your company? (2 points) 

 
Laptops, so you can open multiple tabs at the same time and multitask. 
 
 

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