Lecture 23 - Technology Commercialization: Startups that Realize Strategies

Question 1

Network Effect:

Answer 1

People who engage in entrepreneurship will continue to innovate and build new companies

Question 2

Who is an Entrepreneur

Answer 2

• Most people ignore their dreams or find it too difficult to pursue.
• Entrepreneurs go after it and act upon their dreams.

Question 3

The LEAN Method

Answer 3

Don’t wait until it’s perfect!

Learn, Measure, and Build/Code Faster

Question 4

3 Different Strategies:

Answer 4

1. ) Strategic - conceptual
2. ) Logical - abstracted
3. ) Physical - technical

Question 5

Strategic Strategy

Process and SDLC

Answer 5

1. Plan
2. Analysis

Process: Strategy maps, objectives, context-diagram, DFDs, level-0 DFDs

Question 6

Logical Strategy

Process and SDLC

Answer 6

2. Analysis
3. Design

Process: Unit-Process DFDs, Use-Case UMLs, Activity Diagrams w. Logic descriptions

Question 7

Physical Strategy

Process and SDLC

Answer 7

3. Design
4. Build
5. Test
6. Implement

Process: Web pages with layouts, controls, styles, computer programs

Question 8

Strategic IS Planning Process (5 steps)

Answer 8

1. Strategic Business Planning (Know who you are: environment/objectives)
2. IS Assessment (Know where you start: take stock of IS/IT)
3. IS Vision (Know where you want to go)
4. IS Guidelines: policies (Know how you are going to get there)
5. Strategic Initiatives (From planning to action)