Week 8

Reflection on Lecture 8

In week eight’s lecture we learnt about business models within the digital world. Firstly we learnt of the differences between business firm , business processes and routines and how they make up the day to day activities of a business. AS well as this I learnt how that because IT allows for quicker decision making it flattens the structure of a business as fewer managers are needed. I learnt that there 5 types of organisational structure entrepreneurial , machine bureaucracy, divisionalised bureaucracy, professional bureaucracy and adhocracy. We then went on to learn about the benefits of using IS systems and how they can provide a competitive edge. This is possible because of the automated actions the IS systems can do which results in faster more accurate results for less money therefore lowering the costs of the business which allows for greater profits. By adopting IS systems business are often able to gain a competitive edge and we looked at examples such as Toyota , IBM , and Nike and how each business via the use of IS systems was able to create a core competency to allow themselves to stand out in todays highly saturated markets .We also learnt about porters 5 forces a model which helps business to map the pressures that are on the industry that the operate in and on their own organisations.

Reflection on Group Work

This week me and my group have started to work entirely on our presentation. WE are trying to ensure that we keep the slides concise but still informative which s something that personally I am  struggling with as I am  finding it hard to decide which information is the most important to put onto the slides and what can be expanded upon orally when the presentation is given. To work on this I am looking at examples of good presentations online, I am particularly looking at the formats that people are using. In addition my group has been trying to work on this project when we meet which is something I feel is holding us back. I am going to suggest when we next meet that we each take sections to work on individually and then put the work together in a decided format once completed.