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You are working for a local department store in the Operations Department. You notice that their business practices and use of technology are not up to date. You have worked other places that have relied more on digital technology that have been extremely successful, in part because of their operating efficiency.
Your company is considering making upgrades to several of your operating processes. Because of your history of working in more technologically progressive environments, you are asked by your supervisor to create a visual presentation with a timeline of digital growth in the organization and compare it to the digital growth in society in general. In discussing this project with your boss, it is clear that digital growth can refer not only to Internet and computers, but it can also refer to other aspects of business operations such as cash registers, phone services, advertisements, various tools for communication, etc. Your supervisor asks that this timeline be created to help you, your supervisor, and other stakeholders determine the advantages and disadvantages of a proposed upgrade in technology in the workplace with the overall goal of understanding what systems can be put into place or maintained that can help the store run as efficiently as possible. You are told that the timeline can be in any visual format that you choose.
Reflect and address the following sets of questions:
What is digital growth? Where is the company now in terms of digital growth?What are some examples of technological advances that could be used in a department store operation?What are some possible advantages and disadvantages of using advanced technology?What is Big Data? How might Big Data be used in this business?What are some possible advantages and disadvantages of the store using Big Data?Do you believe that updating technology and business practices will be advantageous? Why or Why not?
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This graph, created on November 23rd, 2018, demonstrates how the precipitous drop in oil also has a correlation to the murder and dismemberment of Jamal Khashoggi in the Saudi Consulate on October 2nd, 2018 (Blokland). Previously, oil was at a 2018 all-time high trading at a peak of $76 a barrel in early October. On exactly October 2nd, oil prices began to plummet, resulting in US crude oil trading at $51 a barrel. Since changes in production affect the price of oil on a medium and long term basis (as there is not enough time to get the oil into the system), what we see is trader volatility. Production changes can’t affect the price of oil that quickly, so when there are more sellers than buyers in a specific market, that stock’s price will drop, revealing that this massive selling of oil futures by energy traders is related to the perception of Middle East instability. In their 2018 break-even oil budget, Saudi Arabia has one barrel placed at $74.4 USD (Khan). Therefore, some would claim that the drop to $52.2 USD per barrel would be detrimental to Saudi Arabia. In some ways, yes; however, for a country that claims to have $48 billion sitting in foreign reserves, the disproportionate budget-to-revenue ratio only creates a shift in where they place their money, an example of this being a slowing of government-funded construction of cities on the coast, not a stop (Wald). Even when below their budget, Saudi Arabia still has access to imports such as food and other important resources for their citizens and government. This is due to their political leverage as the controller of world oil, foresight to stock up on foreign reserves, purchasing power of companies in other industries in an attempt to diversify exports, as well as their massive investments in other countries such as the United States; this sets them apart from other OPEC countries such as Venezuela who do not have cash flow or political influence, and therefore, cannot feed their population as Dutch Disease has practically rotted their domestic currency, the bolivar, from the inside out. Saudi Arabia will not fall victim to this; they have made many severe economic and fiscal reforms in order to steer clear.>

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