Management 3300 Exam 3 Mizzou

Technology's Role in the Sharing Economy

Enabler of sharing economy through digital platforms connecting users.

Uber's Data Analysis

Analyzes customer behavior, traffic patterns, and demand for optimization.

Sharing Economy

Economic model of resource sharing through digital platforms.

Challenges Faced by Uber and Airbnb

Competition, regulation, and labor classification issues.

Efficient Markets Hypothesis

Financial markets fully reflecting available information, no consistent higher returns.

Facebook/Meta's Culture, Revenue Model, Growth Engines, and Competitive Advantages

Innovation-driven culture, ad revenue, user base growth, network effects, data analytics.

Facebook's Rebrand to Meta

Strategic shift towards building the online 'metaverse'.

Shift in Product/Service Mix for Facebook

Developing new products and services beyond social media.

Financial Impact of Facebook's Rebrand

Investment in new technologies, potential resource diversion for future growth.

Cambridge Analytica Scandal

Data privacy scandal involving unauthorized use of Facebook user data.

Facebook's Efforts to Earn/Regain/Maintain Consumer Trust

Transparency, data privacy practices, user control over personal information.

Facebook's 'Walled Garden'

Control over user experience and data within its ecosystem.

Technology Startups' Capital Sources

Angel investors, venture capital firms, crowdfunding, government grants/loans.

Key Drivers of Outside Criticism of Facebook

Data privacy, advertising model, dominant position in social media.

Rent the Runway's Inventory/Supplier Management Approach

Data analytics, designer partnerships for efficient rental clothing management.

Comparison of Rent the Runway to Other Apparel Companies

Focus on rentals, influencing inventory, customer relationship, sustainability practices.

Rent the Runway's Use of Data for Strategic Advantage

Demand forecasting, personalized recommendations, inventory management.

Rent the Runway's Financial Performance and Goals

Profitability through high inventory utilization, customer retention.

Customer Acquisition Costs & Customer Lifetime Value

Cost of acquiring new customers, revenue from a customer over time.

Rent the Runway's Software Development Approach

Agile development, rapid iteration, responsiveness to customer feedback.

Rent the Runway's Marketing Techniques

Targeted digital marketing, partnerships, word-of-mouth for customer acquisition/retention.

Rent the Runway's COVID-19 Pivot

Strategic shift in response to the pandemic, operational model changes.

Minimum Viable Product (MVP)

Product with enough features to attract early adopters and validate an idea.

Components of Rent the Runway's Value Chain

Design selection, inventory management, customer service, logistics, digital platform.

Components of Hardware

Central processing unit (CPU), storage devices, input/output devices.

Software Types and Their Functions

Operating systems manage hardware, applications perform specific tasks.

SQL

Structured Query Language for managing and manipulating databases.

Healthcare.gov Rollout Mistakes

Technical issues, poor user experience, inadequate testing during launch.

Database Management Software

Software for creating, retrieving, updating, and managing databases.

Firmware

Low-level control software for specific hardware devices.

ERP Applications

Large-scale software for managing and automating core business processes.

APIs

Sets of definitions and protocols for building and integrating software.

EDI

Electronic Data Interchange for exchanging business documents electronically.

Integrated Development Environments (IDEs)

Software suites for software development, including code editing, debugging.

LAMP Stack

Open-source web development software stack: Linux, Apache, MySQL, PHP.

Heartbleed Bug and Apache Log4j Security Incidents

Security vulnerabilities leading to widespread issues on the internet.

SaaS, PaaS, and IaaS

Software, Platform, and Infrastructure as a Service in cloud computing.

Fixed vs. Marginal Costs

Fixed costs don't change with production volume, marginal costs for additional units.

Open Source Software

Software with accessible source code for inspection, modification, enhancement.

Total Cost of Ownership

Assessment of IT or other costs across enterprise boundaries over time.

Virtualization

Creating virtual versions of computer hardware, storage, network resources.

Shadow IT

Unapproved IT systems and solutions within organizations, leading to inefficiencies, risks.

Categories of Cyber Threat Actors

State-Sponsored, Cybercriminals, Hacktivists, Insiders, Terrorist Groups.

3 Core Principles of Cybersecurity Programs

Confidentiality, Integrity, Availability of information and systems.

Forms of Cyber Attacks

Malware, Phishing, Man-in-the-Middle Attacks, DoS/DDoS Attacks, SQL Injection.

Your Role in Upholding Cybersecurity

Awareness, Vigilance, Compliance with best practices and policies.

Red Flags Associated with Phishing Scams

Unusual sender, urgency, attachments/links, request for sensitive information, spelling/grammar mistakes.