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10 Cards in this Set
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- Back
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e-commerce
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the use of the internet and the web to transact business. More formally, digitally enabled commercial transactions between and among organizations and individuals
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e-business
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the digital enabling of transactions and processes within a firm, involving information systems under the control of the firm
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Four information revolutions
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1. Invention of the writing in Mesapotmia
2. Invention of written book in China and Greece 3. Gutenburgs invention of printing press and movable type 4. Invention of digital networked computers |
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Major Trends in E-commerce
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1. Continued improvement in technology capabilities
2. Continued decline of software costs relative to hardware 3. Evolution of IT motivation and justification 4. The move towards digitalization |
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efficiency benefits
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traditional productivity improvements
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effectiveness benefits
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deliver information to decision makers
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strategic benefits
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achieve competitive advantage over your rivals
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five dimensions of internet commerce
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1. competing on internet time
2. overcoming distance barriers 3. Altering the structure of relationships 4. New forms of interaction 5. Developing entirely new products and services |
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Value proposition
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Why should the customer buy from you?
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Revenue Model
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How will you earn money?
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