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No one can predict where we will be in 20 years. Much of what we now take for granted was pretty revolutionary 20 years ago, including the Internet, smartphones, wireless technology, and even Food panda. The good news is that the “twenty-somethings” of today will be better able to deal with it than their parent’s generation because they grew up in the maelstrom of changes. Surprises are no surprise to them.

One thing is certain about their priorities: they will shift easily as needed to deal with today’s crises and tomorrow’s changes. Their expectations will shift too; as they age, they will understand some of the reasons behind upper management decisions that bothered them in their twenties. They will move up, try it their way, fail, and then recognize the wisdom in some approaches that seemed stifling or old fashioned before. But some of their experiments will work, and the work environment will continue to evolve.

Today it includes more casual clothing, informal behaviour, and a focus on results rather than following orders. Tomorrow, that pattern could expand to a workplace where it’s all about results, at the expense of the traditional expectations.

  1. Think of a job you prefer or your new startup company.
  2. If you are a twenty-something moving into the job or business, what will you do differently to the job or business? Why?
 
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Expando, Inc. is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options. The first is a small facility that it could build at a cost of $8 million. If demand for new products is low, the company expects to receive $11 million in discounted revenues (present value of future revenues) with the small facility. On the other hand, if demand is high, it expects $13 million in discounted revenues using the small facility. The second option is to build a large factory at a cost of $10 million. Were demand to be low, the company would expect $11 million in discounted revenues with the large plant. If demand is high, the company estimates that the discounted revenues would be $15 million. In either case, the probability of demand being high is 0.40, and the probability of it being low is 0.60. Not constructing a new factory would result in no additional revenue being generated because the current factories cannot produce these new products.
a.Calculate the NPV for the following:
 
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Search the Web for the online presence of a company that has a traditional brick-and-mortar business. How do the online and offline offerings differ? Are there any products or services that are available only online but not offline, and vice versa? What may be the reasons for such differences?

 

Are the advertisements you receive through e-mail directed toward any specific audience or product category? Which ads seem to be most prevalent? Do you pay much attention or just delete them? How much work is it to get off an advertising list? Why would or wouldn’t you try to get off the list?

 

 
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Describe how to conduct financial transactions and navigate legal issues of electronic commerce. The Internet has enabled obtaining real-time financial information as well as making transactions online. Yet, securing payments in the digital world is still of concern, both for customers and for merchants, who have to minimize their risk arising from potentially fraudulent credit card transactions; as a result, many (especially smaller) retailers use online payment services. Finally, legal issues surrounding Web site content, contracts, taxation, transactions, protecting intellectual property, and net neutrality continue to be major issues and impediments to EC.

Compare your home country’s official government Web portal to that of the U.S government at www.firstgov .gov. Which portal offers more useful services? Which services are missing in one but available in the other?

 

 
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