ADM 2372 Lecture 3: Ch.3-The-Internet-and-the-E-Business
1 Dec 2016
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Digital darwinism: organizations that cannot adapt to the new demand placed on them for surviving in the information age are doomed to extinction. Disruptive technology: new way of doing things that initially does not meet the needs of existing customers. Tend to open new markets and destroy old ones. Typically cut into the low end of the marketplace, and eventually evolve to displace high-end competitors and their reigning technologies. Sustaining technology: produces an improved product that customers are eager to buy, such as a faster car or larger hard drive. Provide better, faster and cheaper products in established markets. Internet: global public network of computer networks that pass information from one to another using common computer protocols. Protocols: standards that specify the format of data as well as the rules to be followed during transmission. Today, no one party operates the internet; however, several entities oversee the internet and set standards, including:
