Describe the Major Issues Surrounding the Decisions to Build And/or

question 65

Essay

Describe the major issues surrounding the decisions to build and/or host your own e-commerce site or to outsource some aspects of site development.Include the advantages and disadvantages of each decision.

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Definitions:

Magical Thinking

The belief that one's thoughts, words, or actions can directly influence the physical world or the course of events in an irrational way.

First Instinct Fallacy

The mistaken belief that an individual's initial answer to a question is more likely to be correct than any answer they might change it to upon further consideration.

False Consensus Effect

The tendency to overestimate the extent to which others share one's beliefs, attitudes, or behaviors.

False Consensus Effect

A cognitive bias whereby people overestimate the degree to which their beliefs, opinions, preferences, values, and habits are normal and typical of those of others.