BISM1201 Lecture Notes - Lecture 11: Interactive Media, Requirements Analysis, Disintermediation
1 Aug 2018
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Lecture 11: e-commerce, e-business and information systems within the. E-commerce is the exchange of information across electronic networks, at any stage in the supply chain. (best be considered of as a subset of e-business). E-business the transformation of key business processes through the use of internet technologies. Benefits, costs and risks of implementing e-commerce/e-business: the growth in popularity of social networks (ex. Facebook), virtual worlds and blogs: rich media such as online video, using location-based tracking of goods and inventory as they are manufactured and transported. An organization"s capability to manage technology-enabled change is the essence of successfully managing e-business. 3 main types of e-business: business-to-consumer (b2c, business-to-business (b2b, business-to-government (b2g) Digital commerce improves market efficiency by: disintermediation. Customer can compare prices on a number of websites: price elasticity. Suppliers can determine amount of change in demand against changes in price. Stored data from tps are grouped into batches. Organizations then prepare and process the batches periodically (nightly)
