Module 0-Introduction-Conducting business in the 4th industr

Table of Contents

NAVIGATING THE LEARNER GUIDE .......................................................................................................4

LEARNER ADMINISTRATION ....................................................................................................................5

GLOSSARY OF TERMS ..............................................................................................................................6

INTRODUCTION ...........................................................................................................................................9

RECOMMENDED LEARNING SEQUENCE ...............................................................................................9

MODULE DESCRIPTION ...........................................................................................................................10

PRE-READING: CONDUCTING BUSINESS IN THE 4 TH INDUSTRIAL REVOLUTION ......................12

1. T RADITIONAL BUSINESS VERSUS O NLINE - BASED BUSINESS ................................................................. 12

1.1 Types of traditional business models .................................................................................. 13

1.2 Digital (e-commerce) business model .................................................................................. 14

1.3 Types of digital business models .......................................................................................... 15

2. H OW TECHNOLOGY AFFECTS BUSINESS ................................................................................................. 17

2.1 The way we communicate and share information ............................................................. 17

2.2 Mobile business environments .............................................................................................. 17

2.3 Remote working ......................................................................................................................... 18

2.4 Use of Artificial Intelligence (AI) ............................................................................................ 18

2.5 Increased collaboration (working together) ........................................................................ 18

2.6 Working or storing items in the cloud .................................................................................. 19

3. S UMMARY ................................................................................................................................................ 20

3