problem 1: Give an illustration, real or imaginary; of firms in each of the given three situations (do not use the Wiztech case as the basis of your response). Thoroughly describe your exs with numbers. Needs 4 to 5 sentences for each.

a) The firm created Added Value by increasing Customer Willingness to Pay.
b) The firm created Added Value by reducing Supplier Opportunity Cost.
c) The firm increased Customer Willingness to Pay, but failed to create Added Value.

problem 2: How can firms that find itself on the losing side of network effects survive?

problem 3: Describe why it is significant for managers at all levels to be included with decisions regarding the use and implementation of information system. Comprise discussion regarding what happens when they are not involved. Give exs to support your statements.

problem 4: What is the difference between ‘classic information goods’ and ‘information-intensive goods’?

problem 5: The fact that information has had to rely on a physical carrier limits its ability to behave accordingly to its inherent characteristics and made a trade-off between richness and reach. Please describe this ‘Richness and Reach Trade-off’.

problem 6: What is the basic difference between Business and System integration?

problem 7: Describe the changes in recent years in society, especially with regard to in technology usage, as it relates to the steady increase in; available computing power, available storage capacity and enhanced networking technology. Comprise exs of both what has happened and what these trends propose for the future.

problem 8: What is needed for the successful design and implementation of an Information System?

problem 9: What are some key implications which stem from the notion of systemic effects and the fact that Information Systems exist in an organizational context?

problem 10: Please draw the socio-technical system diagram to exhibit the components of information systems and the interaction among the components and define a ‘third-order’ information systems and organizational change?

problem 11: Imagine the given scenario: You manage a table restaurant in your town. You have been asked to implement wireless table ordering by using portable wireless devices. This is clearly a situation where you require designing an Information System. Use the framework we have introduced in class to recognize the most important components which will make up such Information System (be specific to the ex of the restaurant).Note, you are asked to list the components you will require, not to troubleshoot this implementation effort.

problem 12: What are the three levels in the hierarchical organizational perspective?

problem 13: How does the process perspective help in solving the problems related with the hierarchical and functional perspectives?

problem 14: List out and describe two benefits of Open Source Applications.

problem 15: List out and describe the three principal characteristics of the Enterprise Systems.