According to Adam Smith‚ self-interest should not be denied. In the ‘Wealth of Nations’‚ he asserts that self-interest in the market is to encourage the growth of society through the division of labour and the maximization of wealth. For him‚ self-interest is enough to motivate the exchange of goods. The butcher-brewer-baker example (p.19) says that their willingness to offer us a meal is dependent upon their own interests‚ not their kindness. Coase agrees in principle‚ stating (p.534) that the
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EBZ 437 Electronic Business Tutorial 3 Activities: 1. Read the case study below (from Turban et al‚ 2008) before the tutorial. 2. Look at: a. Campus Food web site (campusfood.com) and Campusfood.com. campusfood.com (take care with time zone – some outlets will be closed after 8pm US time) b. eMediaWire. “Titan Poker Teams Up With Campusfood for Tournaments Aimed at College Students.” February 16‚ 2006. emediawire.com/releases/2006/2/emw346598.htm 3. Be prepared to discuss the questions at the end
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captures value (economic‚ social‚ cultural‚ or other forms of value). The process of business model construction is part of business strategy but always not same. Actually it is a set of planned activities designed to produce profit in a marketplace. And e-commerce business model that aims to use leverage the unique qualities of the internet and World Wide Web. It has eight key elements. 1. Value Proposition 2. Revenue Model 3. Market Opportunity 4. Competitive Environment 5
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Mr. Smith Goes to Washington Senator Sam Foley dies and the governor of a western state Huburt “Happy” Hopper has to pick a replacement for deceased Senator. Jim Taylor Happy’s political boss tries to pressure him into to selecting one of his corrupt personnel. The popular committee wanted a reformer Henry Hill but the corrupt Jim Taylor was not going to allow that to happen. In the meantime Happy Hopper is struggling on who to select as Senator. While the governor is at dinner with his family
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originally supplies it with all the necessaries and conveniences of life which it annually consumes‚ and which consist always either in the immediate produce of that labour or in what is purchased with that produce from other nations.” (Smith‚WN‚159) For Smith‚ this quote backs up his idea of economic growth and that it stems from the division of labor‚ because in his opinion‚ labor is the true source of wealth. So what the dividing of the labor process does is that it takes a long process‚ and
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Browsing through your e-Catalogue You can develop your catalogue to be browsed online manyfold‚ such as: (1) browsing by categories‚ just as they are stored in the back-end catalogue; (2) browsing by filters: via a dashboard‚ to be graphically designed ad-hoc‚ through which the user selects the product features that filter a subset of products‚ independently of the categories they belong to; (3) browsing by wizard‚ to be graphically designed ad-hoc‚ through which the user is guided
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The film ‘Rear Window’‚ directed by Alfred Hitchcock in 1954‚ enthralled worldwide audiences through its clever and original depiction of a suburban murder. It is a widely renowned crime thriller that employs many conventions of the genre‚ while subverting others‚ in order to portray a realistic environment that collapses into tension and mistrust. The depiction of protagonist L.B Jefferies as the ‘everyman’ is an important subversion of the conventional detective‚ piquing the audiences curiosity
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characterize the problem Smith is having with Johnson? Describe the context and the issues in the case from a managerial point of view. Smith has a substantive conflict with his subordinate Johnson; they have strong differences about IMC’s strategy. Smith only uses his formal authority to get the issue solved and his point of view intact‚ whereas Johnson isolates himself in his department and tries to compete with his hierarchy and Wilson’s department. 2. How could Smith have "managed" Johnson and
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Smith‚ Segal‚ and Robinson explain in the section “Understanding and Preventing Suicide” that there are misconceptions about suicidal people. One common misconception is that “ Anyone who tries to kill him/herself must be crazy.” (Smith‚ Segal‚ and Robinson). Smith‚ Segal and Robinson state that individuals who are suicidal are not mentally ill‚ but suffer from depression or feel extreme emotional distress. Another misconception is that “Talking about suicide might give someone the idea.”(Smith‚
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Which of the following is not a key point of vulnerability when dealing with e-commerce? Selected Answer: the credit card companies Answers: the client computer the server the communications pipeline the credit card companies Question 4 1 out of 1 points Software that is used to obtain private user information such as a user’s keystrokes or copies of e-mail is referred to as: Selected Answer: spyware. Answers: spyware
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