Principles of Information Systems (MindTap Course List)
13th Edition
ISBN: 9781305971776
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Expert Solution & Answer
Chapter 2, Problem 1CE
Explanation of Solution
Brief description on Jack Ma starting a business:
- Jack Ma is the founder of the online business platform alibaba.com. He was born and raised in china. Jack Ma the admirer of many entrepreneurs and started his business in 4th April 1999.
- The business was started in a small self-owned apartment along with his 17 friends with a very small investment.
- They aimed to sell the goods and services among the Chinese people first...
Explanation of Solution
Challenges need to overcome:
The main challenges faced by Jack Ma were to compete with the other online websites and to make aware of people, the importance of online purchasing...
Explanation of Solution
Jack Ma encountering failure before success:
“Yes”, Jack Ma faced failure before attaining a success in his business.
Jack Ma with his simplicity made credibility among the business people and made his career a great one...
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Do research on an entrepreneur that you admire.1. Write a brief description of how the individual was able to start abusiness2. What challenges had to be overcome?3. Did the individual encounter failure before becoming a success?
What exactly is a company's culture, and why is it so important to the business's success? Give an example of the corporate culture at a business where you've previously worked.
Create your proof of concept using your technological recommendations (or using the environment that your instructor asks you to use)
Chapter 2 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 2.1 - Prob. 1RQCh. 2.1 - Prob. 2RQCh. 2.1 - Prob. 1CTQCh. 2.1 - Prob. 2CTQCh. 2.2 - Prob. 1RQCh. 2.2 - Prob. 2RQCh. 2.2 - What questions about this assignment would you...Ch. 2.2 - What actions would you recommend to minimize...Ch. 2.3 - Prob. 1RQCh. 2.3 - Prob. 2RQ
Ch. 2.3 - You have been asked by the human resources...Ch. 2.3 - Prob. 2CTQCh. 2.4 - Prob. 1RQCh. 2.4 - Prob. 2RQCh. 2.4 - Prob. 1CTQCh. 2.4 - Prob. 2CTQCh. 2 - Prob. 1SATCh. 2 - Prob. 2SATCh. 2 - Prob. 3SATCh. 2 - Which of the following is not a true statement...Ch. 2 - Prob. 5SATCh. 2 - Prob. 6SATCh. 2 - of large information system projects fail, at...Ch. 2 - The three stages of Lewins change model include...Ch. 2 - The ____________ change model is helpful in...Ch. 2 - The Bureau of Labor Statistics forecasts an...Ch. 2 - Prob. 11SATCh. 2 - _______________ is a process for testing skills...Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQCh. 2 - Prob. 11RQCh. 2 - Prob. 12RQCh. 2 - Prob. 13RQCh. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Your manager has asked for your input on ideas for...Ch. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 10DQCh. 2 - Use graphics software to develop a force field...Ch. 2 - Do research to learn more about GEs Change...Ch. 2 - Prob. 1TACh. 2 - Prob. 2TACh. 2 - Prob. 3TACh. 2 - Prob. 1WECh. 2 - Prob. 2WECh. 2 - Prob. 3WECh. 2 - Prob. 1CECh. 2 - Prob. 2CECh. 2 - Prob. 3CECh. 2 - Prob. 1CTQ1Ch. 2 - Prob. 2CTQ1Ch. 2 - Prob. 3CTQ1Ch. 2 - Prob. 1CTQ2Ch. 2 - Prob. 2CTQ2Ch. 2 - Prob. 3CTQ2
Knowledge Booster
Similar questions
- Check out a documentary on the working conditions at Google, Apple, or Walmart. (Many business documentaries are available on Netflix, and there may be more in your school library or online.) What's the company's approach to human resources? The way customers and vendors are handled. Do people get different treatment based on where they live or their social status? What advantages do they have? Which benefits do you value the most, and why? Summarise the material in one or two pages, with appropriate citations.arrow_forwardComputer Science The time has come to take control of your family business. After years of hard work at IE University, your parents believe you are ready to tackle the big challenge of transforming your company. They've heard that a new trend called digital transformation is here to stay; and that those companies that don't address this transformation run the serious risk of falling behind or even disappearing. Fortunately, they are counting on you, and they know that you have acquired the vision and experience to successfully meet this great challenge. The current company Your company is a chain of 10 restaurants operating in the 10 main cities of Spain (Madrid, Barcelona, Seville, Valencia, Malaga, .....). Your restaurants offer Spanish food with high quality products, but your family would like to incorporate certain changes in order to adapt to the new times and internationalize the business. The company has 150 employees and all the processes involved continue to be done in a…arrow_forwardWhat do you think are the sources of the information Jim and his team collected? How do you think they collected all of that information? Examine list of alternatives above. Are there any requirements or constraints that you can think of that were overlooked? List them. If you were looking for alternative approaches for Petrie’s customer loyalty program, where would you look for information? Where would you start? How would you know when you were done? Using the web, find three customizable customer loyalty program systems being sold by vendors. Create a table that compares them. Why shouldn’t Petrie’s staff build their own unique system in-house?arrow_forward
- . You'll need to come up with three instances of companies who entered a new market with an innovative product and were successful in the long term. Identify three instances of companies that did not start out as the market leader, but instead joined the industry later and ultimately overtook the pioneer. Which pioneers were successful and which ones were not?arrow_forwardSparky's Fun Park is an entertainment park run by recent ASU graduates. It caters to young people and others who are just young at heart. The owners are very interested in applying what they have learned in their Information Systems and Marketing classes so that Sparky's will be the best amusement park in the area. Therefore, they have asked you to help them develop an REA model of their business. To draw the REA diagram, you interview the owners and also observe the activities that occur at the park. As a result of these activities, you have compiled the following description of Sparky's business operations. Customers pay an entrance fee that covers unlimited rides for that day. Upon payment of the entrance fee, customers receive a smart card. An attendant mans each attraction (e.g., the roller coaster, Ferris wheel, etc.). The card is swiped by the attendant at any attraction that the customer wants to ride to verify that the customer has a valid admission to the park. Each card…arrow_forwardCan you go back to the most challenging aspects of learning your new job?arrow_forward
- Where did Grace Hopper hit roadblocks on her way to success?arrow_forwardWhat difficulties did Grace Hopper have to overcome?arrow_forward3. Think about your own university or college and choose an idea that could improve studentsatisfaction with the course registration process and think how the use of technology can improve with student satisfaction with the course registrationarrow_forward
- read the Emma jones case and then follow rhe instructions and answer the questions calculating everything Emma Jones is a young entrepreneur who recently used "GMAT Success", a test-prep book and software package for the business school admission test. Emma loved the book and program so much that after graduating she signed a contract with GMAT Success's publisher to sell the learning materials. She recently sold them at a college fair in Boston and is now thinking of selling them at a college fair in Chicago. Emma can purchase each package (book and software) from the publisher for $120 per package, with the privilege of returning all unsold packages and receiving a full $120 refund per package. Selling price is 200$. She must pay $2,000 to rent a booth at the fair. She will incur no other costs. Should she rent the booth or not? Refer to the Emma Jones ■ Add the following to the case: 105 shipping and 5$ packaging costs; The event in Chicago is a 2-day fair, consequently, she needs…arrow_forwardBusiness concepts and models were revolutionized as a result of the introduction of technology. This is because technology gave a new and better approach on how to go about with business. It provided a faster, more convenient, and more efficient way of performing business transactions. Explain technology knowledge codification along with all possible technology related roles that play an imperative responsibility to achieve the organizational goals. Justify your answer with some real-time examples and diagrams (if necessary).arrow_forwardGive some examples of the many kinds of personality features that exist, and explain how you would counsel workers on which personality traits to emulate. Which aspects of a person's personality are most beneficial to the success of the business?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Principles of Information Systems (MindTap Course...Computer ScienceISBN:9781305971776Author:Ralph Stair, George ReynoldsPublisher:Cengage Learning
Principles of Information Systems (MindTap Course...
Computer Science
ISBN:9781305971776
Author:Ralph Stair, George Reynolds
Publisher:Cengage Learning