ITM 102 Lecture 3: Chapter Three Definitions

• School: Ryerson University
• Department: Information Technology Management
• Course: ITM 102
• Professor: Shi Kui Wu

Document Summary

E-business is the conducting of business on the internet, not only buying and selling, but also serving customers and collaborating with business partners (pg. Digital darwinism implies that organizations that cannot adapt to the new demands placed on them for surviving in the information age are doomed to extinction (pg. Disruptive technology a new way of doing things that initially does not meet the needs of existing customers. Disruptive technologies tend to open new markets and destroy old ones (pg. Sustaining technology produces an improved product that customers are eager to buy, such as a faster car or larger hard drive. Sustaining technologies tend to provide us with better, faster, and cheaper products in established markets (pg. Internet a global public network of computer networks that pass information from one to another using common computer protocols (pg. Protocols are standards that specify the format of data as well as the rules to be followed during transmission (pg.