Why is moore law important for managers

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Reference no: EM132102299

1) Why is Moore’s Law important for managers? How does it influence managerial thinking?

2) What is price elasticity? How does Moore’s Law relate to this concept? What’s special about falling chip prices compared to price drops for products like clothing or food?

3) As Moore’s Law advances, technology becomes increasingly accessible to the poor. Give examples of how tech has benefited those who likely would not have been able to afford the technology of a prior generation.

4) How have cheaper, faster chips impacted the camera industry? Give an example of the leadership shifts that have occurred in this industry.

5) The “Internet of Things” makes for compelling commercials, but what needs to happen before a world of interconnected, coordinating devices can become a reality? What implications do this raise for business and society with respect to issues such as privacy and security? If you were GE, would you seek to keep the communication language among smart devices proprietary or open? Why or why not?

Reference no: EM132102299

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