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Information, Technology, and the Future of Commerce: Business Model Innovation in a Connected World

Information, Technology, and the Future of Commerce Business Model Innovation in a Connected World

  • Author:
  • Publisher: John Wiley & Sons
  • ISBN: 9781118155783
  • Published In: March 2012
  • Format: Hardback , 396 pages
  • Jurisdiction: International ? Disclaimer:
    Countri(es) stated herein are used as reference only
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    A big-picture look at how the latest trends in information management and technology are impacting business models and innovation worldwide

    With all of the recent emphasis on "big data," analytics and visualization, and emerging technology architectures such as smartphone networks, social media, and cloud computing, the way we do business is undergoing rapid change. The right business model can create overnight sensations—think of Groupon, the iPad, or Facebook. At the same time, alternative models for organizing resources such as home schooling, Linux, or Kenya's Ushihidi tool transcend conventional business designs. Timely and visionary, Information, Technology, and the Future of Commerce looks at how the latest technology trends and their impact on human behavior are impacting business practices from recruitment through marketing, supply chains, and customer service.

    • Discusses information economics, human behavior, technology platforms, and other facts of contemporary life
    • Examines how humans organize resources and do work in the changing landscape
    • Provides case studies profiling how competitive advantage can be a direct result of innovative business models that exploit these trends

    Revealing why traditional strategy formulation is challenged by the realities of the connected world, Information, Technology, and the Future of Commerce ties technology to business and social environments in an approachable, informed manner with innovative, big-picture analysis of what's taking place now in information strategy and technology.

  • Preface

    Acknowledgments

    Section I: Foundations

    Chapter 1: Introduction

    Cognition

    Innovation

    The Macro Picture

    Earthquakes every Year

    Themes

    We've Seen This Movie Before

    Notes

    Chapter 2 Demographics

    Is There a “Net Generation”?

    Digital Natives

    Millennials at Work

    Behavior and Expectations

    Looking Ahead

    Notes

    Chapter 3 Behavioral Economics

    Motivation, Overt and Covert

    Behavioral Economics in a Networked Age

    Looking Ahead

    Notes

    Chapter 4: Information Economics

    Information Goods

    Pricing Information: Versioning and Bundling

    Network Effects

    Lock-in

    Looking Ahead

    Notes

    Chapter 5 Platforms

    Strategic Levers

    Looking Ahead

    Notes

    Chapter 6 Power Laws and Their Implications

    A Bit of History

    Long Tail Successes

    Cautionary Tales

    Facts of Life

    Implications

    Looking Ahead

    Notes

    Chapter 7: Security and Risk

    The Landscape

    Information Space is neither Average nor Normal

    People Systematically Misestimate Risk

    Doing it Right

    Looking Ahead

    Notes

    Chapter 8: A Brief History of Organizational Innovation

    1776: Division of Labor

    1860–1890: Railroads and the Rise of Administration

    1910: Scientific Management and the Further Division of Labor

    1930s: Alfred Sloan at General Motors

    1937–81: Transaction Costs

    1980s: Economies of Scope and Core Competencies

    1995: Linux as “Commons-based Peer Production”

    2000: Offshore

    Looking Ahead

    Notes

    Section II: Work and Organization

    Chapter 9: Firms, Ecosystems, and Collaboratives

    Emerging Non-firm Models

    Distributed Capital

    Looking Ahead

    Notes

    Chapter 10: Government

    The Biggest Employer

    Government Hiring at a Crossroads

    The Inevitable Downsizing

    Government on the Technology Landscape

    Looking Ahead

    Notes

    Chapter 11 Crowds

    Crowdsourcing: Group Effort

    Information Markets and Other Crowd Wisdom

    Varieties of Market Experience

    Looking Ahead

    Notes

    Chapter 12: Mobility

    Bottom up

    Search Costs

    Supply Chain Efficiency

    Mobile Phone Industry Impact

    Risk Mitigation

    Apps for Change

    Looking Ahead

    Notes

    Chapter 13: Work

    The Big Picture: Macro Trends

    Where

    Outputs

    Skills

    Work

    Looking Ahead

    Notes

    Chapter 14 Productivity

    Classic Productivity Definitions

    Services Productivity

    Services Productivity and Information Technology

    IT and Unemployment

    Looking Ahead

    Notes

    Section III: Business Model Disruption

    Chapter 15: Business Model Overview

    Definition

    Changing Minds, Changing Models

    Disruptive Innovation

    Disruptive Innovation as Paradigm Shift

    Looking Ahead

    Notes

    Chapter 16: Data and Communications

    Evolution of the Incumbent Business Model, 1877–1996

    Business Model Disruption 1996–2010

    Implications of “Stupid” Networks

    Looking Ahead

    Notes

    Chapter 17: Software Business Models

    Incumbent Model Pre-2000

    Business Model Disruption after 1998

    Looking Ahead

    Notes

    Chapter 18: Music Business Models

    Incumbent Model pre-2000

    Business Model Disruption Pre-Napster

    Business Model Disruption Post-Napster

    Looking Ahead

    Notes

    Chapter 19: News

    Incumbent Formula Pre-2005

    Business Model Disruption

    Looking Ahead

    Notes

    Chapter 20: Health Care

    Definitions

    Health Care as Car Repair for People?

    Following the Money

    Where IT Can and Cannot Help

    Disruptive Innovation

    Looking Ahead

    Notes

    Chapter 21: Two Disruptions that Weren't

    Retail

    Real Estate

    Notes

    Section IV: Technology Landscapes

    Chapter 22: Code

    Intangibility

    Fungibility

    Code Embeds Value Judgments

    Metadata

    Social Metadata

    Looking Ahead

    Notes

    Chapter 23: Sensors

    Historical Roots

    Ubiquity

    Current Examples

    Phones as Sensors

    Looking Ahead

    Notes

    Chapter 24: The Internet and Other Networks

    Legacy Telecom Network Principles

    Defense Origins of the Internet

    Internet Principles

    Consequences of Internet Principles

    Looking Ahead

    Notes

    Chapter 25: Location Awareness

    Variations on a Theme

    Landmarks

    Location, Mobility, and Identity

    Looking Ahead

    Notes

    Chapter 26: Clouds

    Both Technical and Economic Innovation

    Cloud Computing and the Enterprise

    The Cloud will Change How Resources are Organized

    Practical Considerations

    Looking Ahead

    Notes

    Chapter 27: Wireless

    Precedents

    The Breakthrough

    Looking Ahead

    Notes

    Chapter 28: Search

    Why Search Matters: Context

    The Wide Reach of Search

    Valuing Search

    Looking Ahead

    Notes

    Chapter 29: Analytics

    Why Now?

    Practical Considerations: Why Analytics is Still Hard

    Looking Ahead

    Notes

    Chapter 30: Information Visualization

    Supply

    Demand

    Audience

    Definition and Purpose

    Current State

    Looking Ahead

    Notes

    Section V: Some Big Questions

    Chapter 31: Identity and Privacy

    Privacy

    Scale

    Invisibility

    Identity

    Looking Ahead

    Notes

    Chapter 32: Communications and Relationships

    Connections

    Networks

    Creation

    Looking Ahead

    Notes

    Chapter 33: Place, Space, and Time

    Virtuality

    Organizations

    Automata

    Implications

    Looking Ahead

    Notes

    Chapter 34: Conflict

    Warfare between Nation-states

    Non-nation State Actors

    Emerging Offensive Weapons

    Looking Ahead

    Notes

    Chapter 35: Innovation

    Amazon

    Crowds

    Looking Ahead

    Notes

    Chapter 36: Information, Technology, and the Future of Commerce

    Macro Issues

    Globalization

    Strategy

    Organizations

    Marketing

    Supply Chains

    The IT Shop

    Implications

    The Last Word . . .

    Notes

    About the Author

    Index

  • John M. Jordan is a clinical professor in the Department of Supply Chain and Information Systems at the Smeal College of Business, Penn State University, where he teaches IT strategy to undergraduates, MBAs, and executives. His research focuses on emerging technologies and their impact on business strategy, design, and practice.

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