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1- Internet has a big impact on firms and their information systems. Firms created new business models that were not possible before the internet. Select one those new business models and answer the following questions: 1. What was the original business model for that company before internet? 2. How does the Internet empower the new business model? 3. What role the information systems play in this? 4. What steps traditional competitors are taking to address this challenge? 5. Based on what you read, do you think the traditional model will survive?Question# 2- Social networking sites such as Facebook, MySpace, twitter and others are raising ethical, social, political and privacy concerns. Research the topic citing two examples. One example that raises a social or political issue and another example raises ethical or privacy issue to answer the following questions: 1. Summarize the issue. 2. What measures does the company is taking to address these concerns? 3. What do you think those sites should do? What does the consumers or users affected by this issue feel about ? 4. What measures the people/government should take to address those concerns?

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