TAILIEUCHUNG - Lecture Introduction to MIS: Chapter 11 - Jerry Post

After studying this chapter you will be able to understand: How can you use information technology to improve your organization and make it better than your competitors? How competitive is your world?, What are the main factors affecting a firm’s competitive advantage? Where do you begin looking for an edge?,. | Introduction to MIS Chapter 11 Entrepreneurship Jerry Post Technology Toolbox: CAN-SPAM ACT Technology Toolbox: Projecting Financial Statements Cases: Small Business 1 Outline How can you use information technology to improve your organization and make it better than your competitors? How competitive is your world? What are the main factors affecting a firm’s competitive advantage? Where do you begin looking for an edge? How can you use IT to gain a competitive advantage? Where do you begin your search? How can IT support the operations of the firm to provide a competitive advantage? Why is it so difficult to convince management to make strategic changes? What are the risks of strategic decisions? Why did so many dot-com firms fail? Do their failures mean there is no viable Internet strategy? How do you start a business? How do you start an online business? How will your business be different from the existing firms? How do you turn an idea into money? Is it true that genius is 1 percent inspiration and 99 percent perspiration? What additional steps are required to start and EC firm? 2 Entrepreneurship and Small Business Estimates 2005 2009 Employer firms (non-farm) 5,992,400 5,815,800 Employer firm births 671,800 668,395* Employer firm terminations 544,800 592,410* Self-employment, non-incorporated 10,500,000 9,800,000 Self-employment, incorporated 5,300,000 5,500,000 Business bankruptcies 39,201 60,837 A small firm has less than 500 employees. Small firms in total employ percent of all . workers. percent of the total . firms are small. * Births and terminations are for 2007 Small Business Employees Small Business Payrolls Receipts and Payroll Year Receipts/Emp Payroll/Emp 1997 % % 2002 % % 2007 % % Computation: Total receipts / total employees Value for small .

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