BTE 210 Exam 3 Questions with Verified Solutions Latest Version () Already Passed
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Module
BTE 210 Exm 3
Institution
BTE 210 Exm 3
BTE 210 Exam 3 Questions with Verified Solutions Latest Version () Already Passed
In 10 years over ______ of the Fortune 500 will no longer be here - Answers 40%
6 parts of business canvas - Answers 1. Customer segments
2. Value Proposition
3. Key resources
4. Key partners & Channels
5. Cost...
BTE 210 Exam 3 Questions with Verified Solutions Latest Version (2024-2025) Already Passed
In 10 years over ______ of the Fortune 500 will no longer be here - Answers 40%
6 parts of business canvas - Answers 1. Customer segments
2. Value Proposition
3. Key resources
4. Key partners & Channels
5. Cost Structure and Revenue Stream
6. Customer relationships
Key to a successful business canvas - Answers Be agile, evolve, fail fast
Agile Development Chart - Answers MEMORIZE THE PICTURE
Bitcoin:
_______ to ______ payment
inventor
value - Answers person to person
Satoshi Nakomato, Japan, 2009 (John Smith name)
$650
Algorithm mines 25 per 10 min
How a blockchain works - Answers A wants to send money to B
Transaction is represented online as a block
Block is broadcasted to every party in the network
people in network approve the transaction
Block can be added to chain, provides record or transactions
money moves from A to B
The Royal Canadian Mint uses their own bitcoin called ______ ________ - Answers MintChip
, Security Issues with MintChip - Answers Mintchip Minter could Mint more coins without authorization
Trusted broker copies private keys and certs to double spend. No ways to detect
Bitcoin does not have this problem!
Look more into Amazon case - Answers
Leadership for Startups - Answers Creative Builder (Starter) 51.7%
People Mover (Talent Acquisition) 11.9%
Experienced Guide (Helper) 10.4%
Business Process definition - Answers an ongoing collection of related activities that create a product or
service of value to the organization, its business partners, and / or its customers
Business Process is comprised of three elements (Pirates) - Answers Inputs
Resources
Outputs
Efficiency vs. Effectiveness - Answers Effectiveness measures output (# of MP3)
Efficiency measures process (Speed of Making MP3)
Business Process Reengineering (BPR) - Answers a radical redesign of an organization's business process
to increase productivity and profitability
Examines business processes with a "clean slate" approach
Business Process Improvement (BPI) - Answers an INCREMENTAL approach to move an organization
toward business process centered operations
Focuses on REDUCING VARIATION in process outputs by identifying the underlying cause of the variation
Six Sigma - Answers popular methodology for BPI (99.99966%)
BPR vs BPI - Answers BPI:
Low risk, Low cost
Bottom-up approach
takes less time
quantifiable results
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