Social Economy and Technology Adoption: Reputation, Influence, and GDP - Prof. Elizabeth R, Study notes of Information Technology

Download Social Economy and Technology Adoption: Reputation, Influence, and GDP - Prof. Elizabeth R and more Study notes Information Technology in PDF only on Docsity! Social Economy The Social Factor: Ch 11 Traditional economy The labor, capital and land resources, and the economic agents that socially participate in the production, exchange, distribution, and consumption of goods and services of an area http://en.wikipedia.org/wiki/Economy Currency is used as an exchange standard Credit ratings service as a measure of financial health Social Economy Components Bonding capital – the depth of your close connections (how close and how much you could ask of your connections) Access to ideas and talent through your connections Access to resources through your connections “Potential” access to further resources (more distant, but very legitimate) http://frrl.wordpress.com/2010/01/17/making-whuffie-in-the-social-economy-or-how-to-be-a- ravenous-social-capitalist/ Social Economy Components Saved up favors (reciprocity is huge – which is why doing good stuff matter a lot with social capital) Accomplishments (slightly different from reputation, it is the more fungible form of SC – resumes, awards, etc.) Social Capital of those who you have relationships with http://frrl.wordpress.com/2010/01/17/making-whuffie-in-the-social-economy-or-how-to- be-a-ravenous-social-capitalist/ Technology Adoption There is a direct relationship between technology adoption and GDP The more technologies are adopted, the more the GDP increases Social technology adoption changes attitudes and breaks down boundaries ‘Over Expectalions. Over Desillugionmert ——___———____—_——-» Expectations Aye > Time Technology Peak of Inflated Trough of Sloe of Plateau of Trigger Expectations Digillugiorinnertt Enlighlenment Productivity Adoption Rate Early Adopters E Tactmotogy | intaed | tought | siepeot Tigger” Eypacaiane Qishisormers —Enigherener: = a Figure 11.5 Hype cycle and adoption curve. Managing the Hype Cycle If not managed, unrealistic expectations can develop Most hype is driven by early adopters The best time to adopt a new technology is usually not in the early stages Evaluate the ROI and PTI of the technology and alternatives before committing