Module 3 exercise 1

Concept maps.

 Key elements to include in my concept map:

   business(es) - core organization/individual units and other related organizations;

   products;

   value chain (informational/physical) within companies - that means the activities required to design, produce, market, deliver and support a product;

   information - about a product, how to make a product, informal communications within an organization, interaction within and between organizations. This information could be numbers, facts, qualitative judgements, affiliation, emotion, etc;

   supply chain between companies - linking supplier, customer;

   boundaries;

   competitive advantage (importance of information);

   the Internet;

   connectivity

   competition;

   brands (information a consumer associates with product)

   economics of information - e.g. tend towards maximizing stock;

   economics of things - e.g. tend towards minimizing stock