List and Describe the Four Fundamental Questions/decisions/strategies for Acquiring IT

question 25

Essay

List and describe the four fundamental questions/decisions/strategies for acquiring IT applications (including the sub-parts). You've justified your IT investment, so now you need to decide how you want to pursue it. You are an entrepreneur who wants to start your own small business; how would you answer these questions? Now assume you are the CEO of a multi-billion-dollar company; how would you answer these questions?

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Definitions:

Mental Activities

Tasks or operations involving cognitive functions, such as thinking, memory, problem-solving, and decision-making.

Emotional Tie

A deep emotional connection or bond between individuals.

Association Areas

Regions in the brain involved in complex processes like interpreting sensory information, language, and problem-solving.

Neural Networks

Computing systems inspired by the biological neural networks that constitute animal brains. They can learn and recognize patterns from large amounts of data.