COMMERCE 4KI3 Chapter Notes - Chapter 2: Disruptive Innovation, Business Process, Denim
21 Sep 2016
School
Department
Course
Professor
Document Summary
Extreme competition as a result of the following five driving market forces: They have become powerful members of the economic world: the new it: technology-enabled bpm will be essential for developing competitive advantages. Innovation has to become core focus area for long-term survival. Forms of innovation: business model innovation and technology innovation. Open bpm - delivers a business process infrastructure that provides optimal flexibility at the lowest cost level through the use of business and technology standards. Open bpm enables agility, and, in turn, efficient and effective business process innovation. Process innovation gives a competitive edge (eg. ebay made auctions easier, amazon made book sales easier, etc: the main types of innovation are business model and technology innovation. If a company now starts selling outside of the us then it"s a form of business model innovation (new market) New technology is a form of innovation. Process technologies make support efficient business processes (erp does this)
