A critique on "Doing Business in the Wired World"

Essay by hairong May 2004

download word file, 4 pages 3.0

Downloaded 93 times

A critique on "Doing Business in the Wired World"

The article "Doing Business in the Wired World" depicts how a company can achieve business transactions and success through using the information-rich Internet. The article is well plotted by using examples of different companies to show the potential use of electronic commerce via the Internet. The article is empirical as the findings are based on experiences at large companies such as Cisco Systems, Amazon, Onsale, and BidnAsk, ect. The main findings are:

1. Companies can obtain a lot of benefits doing business through electronic commerce. First, information is available and easily accessible. One typical example is Morgan Stanley's use of intranet. As it is stated, "nearly all of the company's 10,000 employees access its server on a weekly or daily basis". Information is disseminated and distributed at a largest possible scale in the company. It is surely much easier for employees to deal with daily work, to cooperate with other colleagues, and to prepare their reports.

It is even important for decision-makers to take action at a faster speed with better-prepared analyses and reports.

2. Companies can save a lot of expenses using E-commerce. As companies now can receive orders through network, suppliers can send their orders directly and accurately in a shorter time. This is quite beneficial to companies since in the past time, companies used to adopt fax machines to receive and send message, which was quite slow and was even troublesome for businesses under some circumstances. That can be cost consuming and also a waste of paper. With networks easily available, companies can view information at any time. As the article states, "in the first 18 months of Web usage, …over $1 million in annual savings". Any business who finds such a cost-effective method will accelerate...