Please write each question in appropriate..anything you don’t understand word or sentence, ignore but I want you to answer each question.
An economy is a pretty simple thing conceptually. It is fundamentally massive inter-related collections of organisations and individuals buying and selling in many marketplaces. Oh, and of course we need structures such as governments to regulate it all! We normally call these collections of organisations and individuals buying and selling in many marketplaces. Draw a diagram showing a conceptual structure of a economy. Explain the role of each of the elements you have shown.
It is widely accepted that the digital economy is changing both organisations and markets dramatically. Increasing instances of both disintermediation and re-intermediation using examples explain what these types of changes involve and why digitalization?
Michael porter also observed that all competitive advantage is eroded over time. Explain why he believed this to be true. Why is it more difficult to achieve sustainable competitive advantage in the digital economy than it has even been before.
Computer and IT have changed things dramatically over the past 70 years. Describe six major changes which technology has facilitated during this time. For each example state whether you would consider these changes to related to digital economy.
Rogers proposed a model to describe and explain the diffusion of innovation. What is this model and why is it important when trying to understand and predict the speed of change at which technology is driving our lives. In you answer mention critical mass, innovators, early adopters, early and late majority, late adopters and laggards.
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