Companies frequently use podcasts and wikis for a variety of purposes. Explain each and then describe three ways a company could use each one for professional purposes
Podcasts: digital media files distributed over the Internet and downloaded on portable media players and personal computers.
Uses:
To broadcast radio and TV shows (major news organizations and media outlets)
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To allow students access to instructors' lectures, interviews, sporting events, and other content (educational institutions)
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To send audio and video messages that do not require a live presence, yet offer a friendly human voice
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To replace costlier live teleconferences
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To train employees
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To enable buyers to take virtual walking tours of available properties (real estate agents)
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To present HR policies for unlimited viewing on demand or as convenient
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To broadcast marketing pitches
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Wikis: Web-based tools that employ easy-to-use collaborative software to allow multiple users collectivelyto create, access, and modify documents.
Uses:
To share information between headquarters and satellite offices
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To collect and disseminate information to large audiences, creating a database for knowledge management
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To facilitate feedback before and after meetings
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To serve as repositories for meeting minutes
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To provide a highly interactive environment ideal for projects by enabling information to be centralized for easy access and user input
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To help document large, small, technical, and nontechnical projects
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To provide templates for reports
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Overstating ending inventory has the following effect on cost of goods sold and net income respectively
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