Week 8/Task 4 Readings: Kroenke Text Book (Experiencing MIS), Chapter 8 (pp. 210-2236) amp; Chapter Extension 15(pp. 547-557) Reread the MIS in Use...

Week 8/Task 4Readings: Kroenke Text Book (Experiencing MIS), Chapter 8 (pp. 210-2236) & Chapter Extension 15(pp. 547-557)Reread the MIS in Use 8 on page 205. In this exercise, you will compare and evaluate these two publications’ strategies for using e-commerce.1.These two very similar publications have taken two different approaches for using the Internet to gain revenue from their archives. Describe what you believe are the advantages and disadvantages of each approach.2.Visit http://woodenboat.com and http://finewoodworking.com. Compare the ways that these two publications use social networking on their sites. For each, how does their use of social networking contribute to revenue? To what other goals does social networking contribute? Which publication uses social networking more effectively? Explain your answer.3.Compare the ways that these two publications host UGC on their sites. For each, how does UGC contribute to revenue? To what other goals does UGC contribute? Which publication employs UGC more effectively? Explain your answer.4.Choose one of the two publications and identify a new use for social networking. Write a one-page memo to the publisher of that magazine describing your idea and how it would contribute to the goals of the publication.5.Choose one of the two publications and identify a new use for UGC. Write a one-page memo to the publisher of that magazine describing your idea and how it would contribute to the goals of the publication.6.Is Fine Woodworking in danger of losing subscriptions to its paper magazine to the online magazine? Does it matter? Why or why not?7.Fine Woodworking earns revenue from subscriptions to its online magazine. Wooden Boat earns no subscription revenue at all. Is it missing the boat? Why or why not? 20 marks