Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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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
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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.
Original Source Material
Student Version
In examining the history of the visionary
Decisions that look like the result of
companies, we were struck by how often
they made some of their best moves
smart strategic thinking could, instead,
be attributed to a culture that values
not by detailed strategic planning,
opportunistic experimenting and
intentional mishaps. Collins and Porras
(2002) point out their surprise at finding
that many of the visionary companies
but rather by experimentation, trial
and error, opportunism, and--quite
literally--accident. What looks in
hindsight like a brilliant strategy
that they researched "made some of
was often the residual result of
their best moves not by detailed
opportunistic experimentation and
planning, but rather by experimentation,
"purposeful accidents."
trial and error, opportunism, and--quite
literally--accident" (p. 141).
References:
Collins, J. C., & Porras, J. I. (2002). Built
References:
to last: Successful habits of visionary
Collins, J.…
Chapter 2 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 2.3 - Prob. 1DQCh. 2.3 - Prob. 2DQCh. 2.3 - Prob. 1CTQCh. 2.3 - Prob. 2CTQCh. 2.7 - Prob. 1DQCh. 2.7 - Prob. 2DQCh. 2.7 - Prob. 1CTQCh. 2.7 - Prob. 2CTQCh. 2 - Prob. 1SATCh. 2 - Prob. 2SAT
Ch. 2 - Prob. 3SATCh. 2 - Prob. 4SATCh. 2 - Prob. 5SATCh. 2 - Prob. 6SATCh. 2 - Prob. 7SATCh. 2 - Prob. 8SATCh. 2 - Prob. 9SATCh. 2 - Prob. 10SATCh. 2 - Prob. 11SATCh. 2 - Prob. 12SATCh. 2 - Prob. 13SATCh. 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. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 6DQCh. 2 - Prob. 5DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 1PSECh. 2 - Prob. 1TACh. 2 - Prob. 2TACh. 2 - Prob. 1WECh. 2 - Prob. 2WECh. 2 - Prob. 1CECh. 2 - Prob. 2CECh. 2 - Prob. 1DQ1Ch. 2 - Prob. 2DQ1Ch. 2 - Prob. 1CTQ1Ch. 2 - Prob. 2CTQ1Ch. 2 - Prob. 1DQ2Ch. 2 - Prob. 2DQ2Ch. 2 - Prob. 1CTQ2Ch. 2 - Prob. 2CTQ2
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- What 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_forwardWhere did Grace Hopper hit roadblocks on her way to success?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_forward
- 3. 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_forwardread 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_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
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