CHAPTER THREE E-BUSINESS: ELECTRONIC BUSINESS VALUE

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CHAPTER THREE EBUSINESS ELECTRONIC BUSINESS VALUE

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CHAPTER THREE E-BUSINESS: ELECTRONIC BUSINESS VALUE

DISRUPTIVE TECHNOLOGIES AND WEB 1.0 Digital Darwinism – Implies that organizations which cannot adapt to the new demands placed on them for surviving in the information age are doomed to extinction How can a company like Polaroid go bankrupt?

DISRUPTIVE VERSUS SUSTAINING TECHNOLOGY What do steamboats, transistor radios, and Intel’s 8088 processor all have in common? Disruptive technology – A new way of doing things that initially does not meet the needs of existing customers Sustaining technology – Produces an improved product customers are eager to buy

THE INTERNET AND WORLD WIDE WEB – THE ULTIMATE BUSINESS DISRUPTORS One of the biggest forces changing business is the Internet – A massive network that connects computers all over the world and allows them to communicate with one another Organizations must be able to transform as markets, economic environments, and technologies change Focusing on the unexpected allows an organization to capitalize on the opportunity for new business growth from a disruptive technology

ADVANTAGES OF EBUSINESS

EBUSINESS MODELS Ebusiness model – A plan that details how a company creates, delivers, and generates revenues on the internet

EBUSINESS TOOLS FOR CONNECTING AND COMMUNICATING

THE CHALLENGES OF EBUSINESS

WEB 2.0: ADVANTAGES OF BUSINESS 2.0 Web 2.0 – The next generation of Internet use – a more mature, distinctive communications platform characterized by three qualities Collaboration Sharing Free

WEB 2.0: ADVANTAGES OF BUSINESS 2.0 Characteristics of Business 2.0

NETWORKING COMMUNITIES WITH BUSINESS 2.0 Social media – Websites that rely on user participation and user-contributed content Social network – An application that connects people by matching profile information Social networking – The practice of expanding your business and/or social contacts by a personal network

BUSINESS 2.0 TOOLS FOR COLLABORATING

THE CHALLENGES OF BUSINESS 2.0

WEB 3.0 Web 3.0 – Based on “intelligent” Web applications using natural language processing, machine-based learning and reasoning, and intelligence applications Semantic Web – A component of Web 2.0 that describes things in a way that computers can understand

MBUSINESS: SUPPORTING ANYWHERE BUSINESS Mobile business - The ability to purchase goods and services through a wireless Internet-enabled device