User Account

All Pages

Develop a model to achieve a competitive advantage

Assignment Help Other Subject
Reference no: EM132111514

Question: Models Will Run the World

By Steven A. Cohen and Matthew W. Granade | Aug 20, 2018

TOPICS: Business Models, Competitive Strategy

SUMMARY: The software revolution has transformed business. What's next? Processes that constantly improve themselves without need of human intervention. (Related article) There used to be a strict hierarchy: Traders made money and won glory while programmers wrote code and stayed out of sight. Those days are over.

CLASSROOM APPLICATION: There's an emerging intersection between computer science and business. Think about how you can prepare yourselves for this and leverage it as an opportunity in your careers.

1. (Introductory) In your own words, explain what a model is in the context of the article titled "Models Will Run the World".

2. (Advanced) Explain what is meant by this phrase: "A model-driven business is something beyond a data-driven business."

3. (Advanced) Select one of the companies featured in the article as an example of having a model, and explain more fully how that company has leveraged its model to outcompete its rivals.

4. (Advanced) Besides the companies and industries mentioned in the article, what's a company in a different industry that you would suggest could develop a model to achieve a competitive advantage?

5. (Advanced) What are the implications of the fact that programmers are gaining greater influence in the trading world? Is there any possibility that such a trend might also be occurring in marketing?

Reference no: EM132111514

Questions Cloud

Concept of business over the years : Define the term 'business'. How has the concept of 'business' over the years? What is the difference between the act of 'doing business' and 'a business'?
Most often not included as element of community benefit : Why is the unreimbursed cost of Medicare most often not included as an element of community benefit?
Which step of the market research process is it conducting : When the Nielsen gathers information found on consumer blogging websites, which step of the market research process is it conducting?
How you will work with your channel members : How you will work with your channel members to help them promote your product to the ultimate consumer. This may include push and pull promotional strategies.
Develop a model to achieve a competitive advantage : Besides the companies and industries mentioned in the article, what's a company in a different industry that you would suggest could develop a model to achieve.
Design a generalization-specialization hierarchy : Design a generalization-specialization hierarchy for a motor-vehicle sales company - Justify your placement of attributes at each level of the hierarchy
Important principles of management : Considering the demographic trends of the United States and the global workforce, apply the most important principles of management
Describe a situation in which you felt pressured to act : To what extent do our moral ideas reflect the society around us, and to what extent are we free to think for ourselves about moral matters?
What type of accommodation is being requested : What type of accommodation is being requested? b. Do you grant the requested accommodation?

Reviews

Write a Review

Other Subject Questions & Answers

  Cross-cultural opportunities and conflicts in canada

Short Paper on Cross-cultural Opportunities and Conflicts in Canada.

  Sociology theory questions

Sociology are very fundamental in nature. Role strain and role constraint speak about the duties and responsibilities of the roles of people in society or in a group. A short theory about Darwin and Moths is also answered.

  A book review on unfaithful angels

This review will help the reader understand the social work profession through different concepts giving the glimpse of why the social work profession might have drifted away from its original purpose of serving the poor.

  Disorder paper: schizophrenia

Schizophrenia does not really have just one single cause. It is a possibility that this disorder could be inherited but not all doctors are sure.

  Individual assignment: two models handout and rubric

Individual Assignment : Two Models Handout and Rubric,    This paper will allow you to understand and evaluate two vastly different organizational models and to effectively communicate their differences.

  Developing strategic intent for toyota

The following report includes the description about the organization, its strategies, industry analysis in which it operates and its position in the industry.

  Gasoline powered passenger vehicles

In this study, we examine how gasoline price volatility and income of the consumers impacts consumer's demand for gasoline.

  An aspect of poverty in canada

Economics thesis undergrad 4th year paper to write. it should be about 22 pages in length, literature review, economic analysis and then data or cost benefit analysis.

  Ngn customer satisfaction qos indicator for 3g services

The paper aims to highlight the global trends in countries and regions where 3G has already been introduced and propose an implementation plan to the telecom operators of developing countries.

  Prepare a power point presentation

Prepare the power point presentation for the case: Santa Fe Independent School District

  Information literacy is important in this environment

Information literacy is critically important in this contemporary environment

  Associative property of multiplication

Write a definition for associative property of multiplication.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd