electronic commerce and the virtual enterprise
Download
Skip this Video
Download Presentation
Electronic Commerce and the Virtual Enterprise

Loading in 2 Seconds...

play fullscreen
1 / 33

Electronic Commerce and the Virtual Enterprise - PowerPoint PPT Presentation


  • 204 Views
  • Uploaded on

Electronic Commerce and the Virtual Enterprise. Session 1:. Defining Electronic Commerce and The Network Economy. Electronic Commerce . “Electronic Commerce has generated over $1.2 billion in wealth in the past 18 months” -Al Gore. How is this possible?. Electronic Commerce.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Electronic Commerce and the Virtual Enterprise' - liam


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
electronic commerce and the virtual enterprise

Electronic Commerce and the Virtual Enterprise

Session 1:

Defining Electronic Commerce and

The Network Economy

electronic commerce
Electronic Commerce

“Electronic Commerce has generated over $1.2 billion

in wealth in the past 18 months”

-Al Gore

How is this possible?

electronic commerce3
Electronic Commerce

According to a recent survey, 66% felt the computer

was the most significant invention of the 20th century.

The airplane was 2nd at 18%

Also, more people believe that Bill Gates (45%) has a

greater impact on their day-to-day lives than Bill Clinton (44%)

www.upi.com/corp/news/980430

electronic commerce4
Electronic Commerce

Volchok Computing did a recent study

-only 23% of senior execs at Fortune 1000 companies

could explain the purpose of a modem while 93% of

6th graders got it right

-98% of the 6th graders knew the Internet was not

owned by anyone, 68% of the execs thought some

corporation ran it

-23% of the execs thought the Internet was part of Microsoft

electronic commerce5
Electronic Commerce

Increasingly value is found not in tangible assets such as

products but in intangible assets such as branding, customer

relationship, supplier integration and the aggregation of key

information assets.

-Kalakota

growth
Growth

1998-1999

Number of web users world-wide increased by 55%

Number of hosts rose by 46%

Number of web servers increased by 128%

Number of new web address registrations rose by 137%

www.ecommerce.gov/ede/chapter1.html

growth7
Growth

Dell’s online sales more than doubled in 1998 to

$14 million per day. Last quarter sales were $18 m/day

1st quarter 1999 Travelocity’s sales grew to $128 m - 156%

increase over same period a year earlier

Quicken mortgage arranged $400m in loans in 1Q99 versus

$600 m for all of 1998

www.ecommerce.gov/ede/chapter1.html

growth8
Growth

In early 1998 forecasters were suggesting that business-to-business

e-commerce might rise to $300 billion by 2002. Most now consider

that estimate to be too low.

Forrester suggests b-b will reach $1.3 trillion by 2003

EVERY estimate of e-commerce volume and growth has been LOW

www.ecommerce.gov/ede/chapter1.html

slide9

So what is

Electronic Commerce?

so what is electronic commerce
So What is Electronic Commerce?

-Hollywood SX www.hsx.com

-Satellite www.terraserver.com

-Voice Recognition 888-573-8255 Jupiter

-Translations www.altavista.com

-Bus Call www.buscall.com

-Online cameras events.exploratorium.edu/CAM1/index.html

-PoliceScanner www.policescanner.com

-LA Traffic traffic.maxwell.com/la/

-Ebay www.ebay.com

so what is electronic commerce11
So What is Electronic Commerce?

Is it technology?

Is it a process?

Is is a methodology?

so what is electronic commerce12
So What is Electronic Commerce?

TECHNOLOGIES

(TOOLS)

METHODOLOGIES

(PROCESSES)

that enable

ELECTRONIC FUNDS TRANSFER

ELECTRONIC DATA INTERCHANGE

ELECTRONIC BULLETIN BOARDS

ELECTRONIC CATALOGS

E-MAIL

BAR CODING

INTERNET / WWW

CONTINUOUS ACQUISITION AND LIFE-CYCLE SUPPORT

JUST IN TIME

VENDOR MANAGED INVENTORIES

elements of ec defined
Elements of EC Defined

Communications: the delivery of information, products

services, or payments via telephone lines, computer

networks, or any other means

Business Process: the application of technology toward

the automation of business transactions and workflows

elements of ec defined14
Elements of EC Defined

Service: a tool that addresses the desire of firms, consumers,

and management to cut service costs while improving the

quality of goods and increasing the speed of service delivery

Online: provides the capability of buying and selling

products and information on the Internet and other online

services

ec defined
EC Defined

Key Elements of our definitions:

-EC is NOT just technology

-Technology applied to a business problem so that information is captured and exchanged in digital or electronic formats.

electronic commerce16
Electronic Commerce

Technology is certainly integral to any definition of EC

“Good Technology that is accepted by both business

and society as a whole stands an excellent change of

changing the rules”

-Jeff Harrow, Compaq

ec versus is it
EC versus IS/IT

How is Electronic Commerce different from the

Information Systems function in an enterprise?

“EC endeavors to improve the execution of business

transactions over various networks” - Kalakota & Whinston

Information Systems manage information as a resource

e commerce vs e busines
E-commerce vs E-busines

E-commerce concerns itself with the transaction

E-business is everything before and after the sale

Let’s look at a model for E-business

a model for e business

Stakeholders

Employees

A Model for E-business

Internal

Business Partners

Supply Chain Mgt

Enterprise Resource Planning

External

Knowledge

Applications

Enterprise

App Integration

Management Control

Administration Control

Customer Relationship Mgt

Selling Chain Mgt

Customers, Resellers

a framework for electronic commerce
A Framework for Electronic Commerce

This is my Model for this course

Let’s talk through each

component

virtual corporations
Virtual Corporations
      • An organization that extends its influence beyond the
      • boundaries of time, distance, and physical facilities.
      • May be temporary in nature, designed to perform a
      • given task or permanent as long as the business
  • need exists

Some examples?

the network economy
The Network Economy

As the virtual corporation emerges we begin to think

of moving towards an economy based on the Network.

What does that mean???

Some argue that the very nature of the firm will

change - do we need to organize resources in the

same way that we have?

the network economy24
The Network Economy

The digital revolution gets all the headlines these days.

But turning slowly beneath the fast-forward turbulence,

steadily driving the gyrating cycles of cool technogadgets

and gotta-haves, is a much more profound revolution - the

Network Economy

-Kevin Kelly, New Rules for the Networked Economy

the network economy25
The Network Economy

What’s the value of a single Fax machine?

As the number of nodes in a network increases arithmetically,

the value of the network increases exponentially. Adding

a few more members can dramatically increase value.

Value is derived from plentitude - not scarcity!

the network economy26
The Network Economy

The fate of individual corporations is not dependent on their

own merits but also on the fate of their neighbors, their allies,

their competitors...

Networks churn - sustainable dis-equilibrium - quote from Kelly

the network economy27
The Network Economy

Donald Hicks of UT studied the half-life of Texas businesses

for the past 22 years

-Their longevity has dropped by 1/2 since 1970

-Number of jobs growing faster than ever

-Wages at highest point and growing

“the vast majority of the employers on which Texans will depend

in the year 2026 - or even 2006 - do not yet exist”

the network economy28
The Network Economy

What are the implications for us?

Change is constant

Planning horizons shorten

Education is continuous

Spiral Development

Others?

the internet
The Internet

What was total e-commerce in 1990?

What triggered the growth?

Why?

the internet30
The Internet

Email

TCP/IP

EDI

Internet

E-Mall

HTML

HTTP

Catalogs

Browsers

We will discuss many technologies but the Internet will be central

to all

the internet31
The Internet

Jack Welch - The Internet is priority 1, 2, 3, and 4 for GE

Clearly the Internet has emerged as a viable business platform

WHY?

Payment Systems

Global access

Security

Information Exchange

Marketplace

emerging internet models
Emerging Internet Models

Business-Consumer

Business-Business

Product Based

www.amazon.com

www.mercata.com

www.officemax.com

www.boeing.com

Physical

www.Estamps.com

www.hallmark.com

www.wsj.com

www.photodisc.com

Digital

Service Based

www.peapod.com

www.etrade.com

www.fedex.com

www.expedia.com

Traditional

www.roboshopper.com

www.ebates.com

www.netseminar.com

www.yesmail.com

Digital

assignment for next week
Assignment for Next Week

For now the web page is: acasun.eckerd.edu/~duffja

1. Complete the matrix from the previous page

2. Read the Whitehouse position paper on ecommerce

www.whitehouse.gov/WH/New/Commerce/read.html

3. Read New Rules for the Digital Economy

www.wired.com/wired/archive/5.09/newrules_pr.html

4. Macro-Effects of E-commerce

www.mhhe.com/business/mis/zwass/ecpaper.html

5. Send me an email - [email protected]

6. Read 1 & 2 in the text when available

ad