BMGT301 Textbook Notes - Chapter 1 Chapter 1 Setting the...

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Chapter 1 02/18/2016 ° Chapter 1 - Setting the Stage: Technology, The Manager, and the Modern Enterprise - ° ° Look at the tech products that you own or use regularly - which of these is from a firm created by someone who founded the company when they were roughly your age? ° Bill Gates undergrad dropped out to found Microsoft ° Michael Dell sophomore in college create Dell ° Mark Zuckerberg – facebook at 19 ° Steve Jobs – 21 Apple ° Tony Hsieh – 24 sold LinkExchange to Microsoft for over a quarter billion dollars – CEO of Zappos sold to Amazon for $900 million ° Sergey Brin and Larry Page – 20something founded Google ° Kevin Systrom – 26 founded instagram ° Palmer Luckey – 21 sold virtual reality firm Oculus VR to facebook for $2 million ° Steve Chen and Chad Hurley – Youtube late 20’s when started ° Jeff Bezos – almost 30 when working on Amazon ° Founders of dropbox, Box, Spotify – under 30 ° David Karp – Tumblr, sold to Yahoo for $1.1 billion at an age younger than most MBA students ° Shawn Fanning – 19, Napster ° Linus Torvalds- first version of Linux at 21, powers everything from cell phones to supercomputers ° Catherine Cook, who founded MyYearbook.com ° David Karp – Tumlr °
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° ALL YOUNG ° All in tech industry ° All information systems ° Consumerization – created them around consumers! ° ° ° Which of the tech products that you rely on most have been developed only in the last 10 years, the last 5, and the last 1? ° Facebook – 10 years ° Instagram – 5 years ° Uber – 1 year ° Tumblr ° Zappos ° ° What is your major or concentration? ° Finance ° ° How does this relate to your career goals? ° I’m not really sure what I want to do with my life yet. I love math and I love to help people. ° ° What role will technology likely play in your career? ° I have to be able to understand the role of technology in firms and industries in order to be able to accurately guess how much a company is worth. Leading tech firms are flush with cash and constantly on the hunt for new firms to acquire. Ex. Google has bought 103 firms. When someone arranges for a bridge to be build in shanghi, those funds aren’t carried over in a suitcase – they’re digitally transferred from bank to bank. ° ° How will you ensure that you stay adequately current with technical changes and keep your technology knowledge up to date? ° By studying the intersection of business and technology today, you develop a base to build upon and critical thinking skills to help you evaluate new, emerging technologies. ° ° What are the risks if you fail to keep current with technology? ° Its relevant to all fields and it is constantly changing so you must keep up with it. ° ° What are the benefits?
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