Explain the concept of an application service provider
What will be an ideal response?
An application service provider (or ASP) is a third-party provider of software to organizations. An ASP is Web-based, providing delivery of software to its clients over the Internet. An organization that uses an ASP "rents" the software, thus eliminating the tasks of buying, installing, and maintaining the software. Among the advantages to using this approach as opposed to the outright purchase of software is a reduction of software costs and administrative overhead, automated software upgrades, scalability as the organization itself grows, global access to information, access to skilled IT personnel, and ability to focus on core competencies rather than IT requirements.
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As a large well established business you decided you need to raise some capital. What are the primary methods you might consider in order to raise the needed capital?
It's usually easier to convince customers to adopt a continuous innovation than a discontinuous innovation
Indicate whether the statement is true or false