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SMC Network Effects in Innovation & Information Systems Essay

 

I’m working on a management multi-part question and need support to help me understand better.

Part 1

In a few short paragraphs or less, share your thoughts on this week’s reading. You could share a new insight, likes, dislikes, disagreements with the author, etc. This should NOT be a synopsis of the reading. You must also post a comment/reply on a classmate’s post. this should be on chapter 8 and 9 of Information systems Version 8 By John Gallaugher 2019 (must have this exact book)

Part 2

Review this weeks headlines for stores related to IT and choose one. Look for stories that you find interesting or have strong feelings about. must be a recent article and IT related. please make is simple easy to and clear to understand Post a link to your story and brief description of the article and why you believe it’s a good ITSoW here.

Part 3

Are network effects good or bad for innovation? Explain, citing specific examples from the textbook. Your answer should address all three key drivers of network effect value (exchange, staying power, complementary benefit). (2 paragraphs)

Part 4

What sorts of restrictions or guidelines should firms place on the use of social networks or the other Web 2.0 tools discussed in this chapter? Are these tools a threat to security? Can they tarnish a firm’s reputation? Can they enhance a firm’s reputation? How so?