Question

1. It is said that the internet adoption leads to business value. Discuss any four (4) ways in which the internet provides business value to Ghanaian businesses.

[15 Marks]

2. 'From the Marketplace to the Marketspace' has become a new trend among businesses. Explain this concept and discuss the implications for businesses. [15 Marks]

3. Explain the concept of Business Process Re-engineering and Agile Software Development and state at least three advantages of each. [20 Marks]

Answer 1

Question: 1

It is said that the internet adoption leads to business value. Discuss any four (4) ways in which the internet provides business value to Ghanaian businesses

Solution:

Ghana is considered as a stable country of West Africa because of the abundance and diversity of the resources like 2nd biggest producer of Gold and Coco powder. Also, rich in the technogy goods, both in manufacturing and exporting, industrial minerals, diamonds and oil etc. These resources helpful to make a fast growing and highest to raise in the per capita GDP of the country.

Four ways of Internet Adoption which leads to Business Value

1. Analytical strategy for better experience

Various industries use technology for increasing supply chain for their products after the analytical process of consumer behaviouring to demand the goods and service. The clouding computing is one of the useful initiative to manage the consumer and producer business relationship.

2. Reduction in cost based technologies

From abstaining from the higher cost, internet based technologies help to save time and cost of the production. For storing ,processing and installation the chemicals in an industry become effortleslly with the use of internet because the software are installed for given prior knowledge of any type of fault or failure or replacement of parts is needed. So, internet increase the Ghanian business value with the reduction in cost of production the goods and services.

3. Increase the efficiency and profits in production

The internet increase the efficiency to produce a goods by more efficiently in lesser time period. in manufacturing the machines are attached with the computer , so. its easy to give  demand to the machine and the similar product or print will be prepared. No need to print by one by one just in a one click the process going easier and raise the Ghanaian business value.

4. Reducing the waste from production

The internet processing helpful to identified the waste material before production it ultimatly increase the efficiency and waste management for the sustainable environment. So, raise the business value.