ITM 100 Lecture 3: Week 3 Notes.docx

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 100
• Professor: Ron Babin

Document Summary

E business is the conducting of business on the internet by serving customers and collaborating with business partners it isn"t limited to buying and selling. E business websites must create a buzz, much as amazon has done in the bookselling industry. Websites must be innovative, add value and provide useful information. Sites must build a sense of community and collaboration: eventually becoming the port of entry for business. Understanding e business begins with understanding: disruptive technology, evolution of the internet, access internet information, providing internet information. A disruptive technology is a new way of doing things that initially does not meet the needs of technology: tend to open new markets and destroy old ones. Incumbent companies lead sustaining technology to market, but never lead in markets opened by disruptive technology. Disruptive technology typically cut into the low end of the market place and evolve to displace high-end competitors and their reigning technology.