By Uwe G. Seebacher (auth.)
The objective of this booklet is to create information for a metamorphosis in way of thinking that we are going to all need to face and plow through. the need for this new brain set is being pushed through the placement thoroughly new enterprise international, a brand new fact, is being created on the element the place the phenomenon ordinarily known as the "new financial system" converges with the well known previous financial system. throughout the very overdue Nineties, this new truth was once being pushed by means of a virtually marvelous bring up in yields within the monetary markets, the place traditional yet value-driven and solid shares reminiscent of Philip Morris, basic electrical, or Bayer, didn't allure as many traders as ahead of - if we will name a few of them traders in any respect. businesses within the high-tech or the recent industry segments are all a part of the hot financial system. This new economic system has created new company rules, enterprise versions, and a brand new truth, during which leader government officials (CEOs) have been within the mid twenties and had essentially no clue as to what actual enterprise is and what kind of a buck counts. Now, as this convergence is occurring, the painful fact and the enterprise ideas of the outdated economic system get us go into reverse to earth. The CEOs turn into extra senior, company plans are confirmed extra conscientiously, and simply having the well-known ". com" on your corporation identify doesn't get you any longer or lead you to any of required money.
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Extra info for Cyber Commerce Reframing: The End of Business Process Reengineering?
Cyber refers to virtual space. Unlike the environment we are working in everyday, where deals are closed with a handshake or exchanging goods and services are exchanged for coins and notes, the Internet is an intangible medium. Information is encoded in bits and bytes, packeted and sent to whoever requests it by either typing a "WWW" address or clicking on a hyper-link. Finally, those packets of information are again decoded. True, without the physical infrastructure, this kind of exchange would be impossible.
In such a harsh environment, pursuing plans and initiatives in a resolute way without allowing much space for flexibility may be equivalent to steering a company into insolvency and ultimately into bankruptcy. E-commerce is about to enter a stage in which it will possibly become rigid, and therefore a threat for companies, since e-commerce covers only a small fraction of the spectrum of business activities that are, and will become, possible through the combination and interaction of various types of technology-based and web-enabled devices.
Unlike the environment we are working in everyday, where deals are closed with a handshake or exchanging goods and services are exchanged for coins and notes, the Internet is an intangible medium. Information is encoded in bits and bytes, packeted and sent to whoever requests it by either typing a "WWW" address or clicking on a hyper-link. Finally, those packets of information are again decoded. True, without the physical infrastructure, this kind of exchange would be impossible. But devices such as desktop PCs, notebooks, mobile phones, or even the glass-fiber cables transmitting information, are only tools or infrastructural facilities to build the space (virtual marketplace) in which business transactions are conducted.
Cyber Commerce Reframing: The End of Business Process Reengineering? by Uwe G. Seebacher (auth.)