The Barclay Bank Case

Paper Summary:

This paper answers questions about the Barclay Bank Case, stating that the examination of the Barclay Bank case shows that for this bank as for many other businesses, traditional business models have been transformed as the field of electronic commerce becomes more widespread. The paper shows how IT long ago proved to be a valuable asset when used internally by organizations. In the process of creating value in its internal applications, IT also stimulated the transformation of many organizational functions.

From the Paper:

"Similarly, IT in the contemporary period is creating value for organizations through applications in the external environments of organizations. These external applications already are introducing changes in many organizational interactions in the external environment. This early trend argues strongly that further changes may be anticipated and that traditional business models will undergo permanent transformations. However, at the same time, the transformation of the business model usually begins with the traditional business model and involves adapting it rather than completely replacing it."

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