Digital transformation
Name any 5 characteristics of digital transformation
focus on change, marketplace disruption, fearless culture of innovation, digital innovators, strategic organisational culture, creating highly responsive strategy, etc.
What is the digital business?
Digital Business is the creation of new business designs by blurring the digital and physical worlds.
What is the synonym of word "comprise"?
(Consist of, exceed, seek)
Consist of
What are the two types of organizations in terms of digital transformation?
Those that are just doing digital and digital innovators
What is the translation of "distort"?
Искажать/искривлять
Choose the correct answer
In the late stage, the goal is to maximise equity stake/profitability and cash flow while maintaining growth.
Stake
What does digital mean in the context of digital transformation?
"Digital" is the synonym for the piece of change that's occuring in today's world driven by the rapid adoption of technology
What is IoT?
IoT (The Internet ot Things) is the network of physical objects that contain embedded technology to communicate and interact with their internal states or the external environment.
Guess the term
A wealthy individual who invests personal capital in the initial phase of a business..
A business angel
What does responsive strategy mean?
Resposible strategy means adaptable, flexible strategy,
Describe the example of digital business
The usage of wristband MagicBand by Disney, the option to stream video on demand by Netflix, Uber as a platform that connects people and drivers at a massive scale through the Internet
What is crowdfunding?
Crowdfunding is one of the fastest growing online industries and when individuals or start-ups use an online platform to funding for a project.
Why is digital transformation not really about the use of technology?
Because it is not about digitizing existing services, digital transformation is a journey of strategic planned organisational change
Name two e-business and two digital business activities.
Digital: focus on proactive innovations, embracing opportunities to transform and even disrupt markets and internal business models, moving technology from a supporting player to a leading player in innovation, revenue, and market growth, etc.
E-business: developing and provisioning additional content, such as an informational blog, constructing and operating an online marketplace for products and services, etc.
What is the difference between a business angel and a venture capitalist?
Business angels are usually private investors who invest their finances in a business.
Angels are rich, often influential individuals who choose to invest in high-potential
companies in exchange for an equity stake. Venture capital firms, on the other hand, comprise a group of professional investors.