Graduate school

Questions 1
What do you think about the role of technology in the decision-making and innovations in the organizations? 20 marks


Question 2
The education sector is one of the areas where technological improvement is needed. Can you prove this idea? 10 marks


Question 3
What is the difference between a business model and business plan?
10 marks
SECTION B – Answer the following two questions. All questions carry equal marks.

Q. 1 a) What role does the technology play in the strategic direction of an organization?

15 Marks

b) Analyse the external and internal factors of the development information technologies in the economy. 15 Marks

Q. 2 a) Many organizations during the COVID 19 pandemic has downsized. Evaluate the impact of the pandemic on development information technology for an organization in the finance sector.
15 Marks
b) Explain the advantages and disadvantages of information technology in the social life.
15 Marks


Good Luck!
Answers
Question 3
I would probably have to say that business models and a business plan are related to each other. When you start your own business, you need to business modules and plan. You cannot run your own business without them. Firstly, what are business models and business plan?
Business plan is a document. It details organization’s strategy and expected financial performance for years to come. It is typically required by lending banks to prove business has a plan for profitability. A well-developed business plan lays out a map for financial planning and marketing.
A business model describes how an organization creates, delivers and captures value in economic, social and others. Business modules help you develop strategies for customer, business development and so on. From my point of view the business plan and the business module are both key elements to organization’s growth, successful planning, development and decision making. In other words the business plan is a road map and it describes how much income the business purposes to make in a given period of time, the business model is the vehicle and it gets you there. In a word, business models help you gain, maintain and retain your customers, employees and so on. On the other hand, performing the best model is hard task, because of having limited resources, lacking knowledge about the business and other important things.