E-Business is Better if Localized Essay Example | Topics and Well Written Essays - 2500 words

E-Business is Better if Localized - Essay ExampleTechnological advancement and the introduction of computer-driven technologies in the business landscape have influenced how business is managed today. Computer-driven technologies argon making it possible to turn out small runs of increasingly customized goods aimed at niche foodstuffs. Smart companies atomic number 18 moving from the production of long runs of commodity products to short runs of higher value added products (Toffler,1990,p.52).Financial markets are not spared from the upheaval. World capital markets throughout the globe are now interlinked via satellite, networks and technology. Globalization has linked formerly independent economies. When a cataclysm occurs within a globally linked financial system, the entire global market feels the ripples of the event. Businesses are no longer isolated entities that operate autonomously.Business environments are changing rapidly because of several factors. These changes make it difficult for companies to meet the challenge small-arm using traditional business sticks. Barabba (1998,pp.34-59) attributes these three phenomena as factors of change2.Communications technologies improve and enable businesses to acquire deep and broad external knowledge of markets, allowing them to offend sense changes in customer requirements. These technologies will also allow companies to Innovatively serve those markets. and3. Technology is redefining the nature of competition.Murphy (1998) describes a new business model or paradigm that he calls alternatively an internetworked (virtual) enterprise or extended enterprise. These new enterprises encompass channel partners, remote workers, suppliers, distributors, and consumers through a secure Web-based global network. (ij and Saarinen,2001). foot to support this new development is provided by the Internet. The Internet allows companies to become decentralized and operate within the digital environment. To make this model wo rk, this type of business disposal must link all business functions ( bestow, purchasing, manufacturing, operations, transportation, financing, accounting, personnel, sales, and customer service), all stakeholders (business partners, suppliers, service and technology providers, distributors, retailers, outsourcing partners, remote workers, and customers, competitors, financiers, and regulators), and all organizational capabilities (information system, self-regulating and self-organizing organizational structure, and reinvented virtual supply chain) (ij and Saarinen, 2001). This is to create a holistic business approach in the digital milieu. The new business paradigm created by three new classes of business model -