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Seminars in IT for Businesses - Lecture 18: Internet & e-commerce (Part 1)

Seminars in IT for Businesses - Lecture 18: Internet & e-commerce (Part 1). In this chapter, students will be able to understand: Web 1.0 - Ebusiness, Web 2.0 – Business 2.0, internet basics, disruptive technologies and web 1.0, advantages of ebusiness, ebusiness models, the challenges of ebusiness. | Internet & e-commerce LEARNING OBJECTIVES Web 1.0 - Ebusiness Disruptive Technologies and Web 1.0 Advantages of Ebusiness Ebusiness Models The Challenges of Ebusiness Web 2.0 – Business 2.0 Web 2.0: Advantages of Business 2.0 Networking Communities with Business 2.0 Business 2.0 Tools for Collaborating The Challenges of Business 2.0 Internet Basics Disruptive Technologies 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 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 CLASSROOM OPENER GREAT BUSINESS DECISIONS – Edwin Land Develops the Polaroid Camera In 1937, Edwin Land started a company that made a polarizing plastic and named it Polaroid. The business boomed. Land was taking family pictures on his vacation in 1943 when his three-year-old daughter asked why they had to wait so long to see the developed photographs. Land was struck with the idea of combining the polarization technology with developing films. By 1950, Land had a camera that produced black-and-white images and by 1963, he released a camera that produced color pictures. The Polaroid camera took off and by the late 1960s, it was estimated that 50 percent of American households owned one. If Polaroid executives had used Porter’s Five Forces analysis would they have discovered the threat of substitute products of the digital camera? What could they have done to combat this threat? CLASSROOM EXERCISE First Movers that Flopped The right technology at the wrong time. This slideshow displays ten products that were first movers but that failed to move beyond that status. http://etech.eweek.com/slideshow/index.php?directory=first_movers Ask your students if they can list any additional first movers that flopped Examples GREAT BUSINESS DECISIONS – . | Internet & e-commerce LEARNING OBJECTIVES Web 1.0 - Ebusiness Disruptive Technologies and Web 1.0 Advantages of Ebusiness Ebusiness Models The Challenges of Ebusiness Web 2.0 – Business 2.0 Web 2.0: Advantages of Business 2.0 Networking Communities with Business 2.0 Business 2.0 Tools for Collaborating The Challenges of Business 2.0 Internet Basics Disruptive Technologies 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 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 CLASSROOM OPENER GREAT BUSINESS DECISIONS – Edwin Land Develops the Polaroid Camera In 1937, Edwin Land started a company that made a polarizing plastic and named it Polaroid. The business boomed. Land was taking family pictures on his vacation in 1943 when his .