The Digital Economy

Paper Summary:

This paper presents an analysis of e-commerce using the underlying argument that the digital economy, as the immediate surround of E-commerce, is too often ignored, especially in business models built on the very specific transactions of understanding e-commerce. This paper proposes that E-commerce can and will be dramatically transformed by a variety of elements, among which are virtual goods, the media upon which they are stored, created, transformed and transferred, and the hardware systems upon which they operate.

Outline:
Statement of Thesis
Introduction
The Transformation of the Business Model
Eight Basic Internet Models
"Disruptives" Offer Possibilities in Business
Summary and Conclusion

From the Paper:

"Digital capabilities, states Patricia Buckley of Berkeley University "are also reshaping interactions among individuals and organization. Communication devices and channels continue to proliferate, expanding opportunities for interaction. Effective management in this digital environment presents special challenges -- from dealing with 'interaction overload' to a loss of control." (nd) Buckley states that "Improvements in technology continue to increase our ability to capture, store, manipulate and display information. Declining costs and shrinking component size have accompanied these technological improvements. The combination of these trends has led to a sharp increase in the information component of many everyday devices--from disposable telephone cards that track message units to pocket-sized telephones that have contact databases and games. Businesses also benefit as IT enables the development of manufacturing equipment that not only produces the product, but also reports production-run quality and tracks its own maintenance schedule." Additionally stated by Buckley is that "The Internet has become key in information expansion, by providing a common protocol for communication among devises." (nd)"

Sample of Sources Used:

• Margherio, Lynn (nd) The Emerging Digital Economy Online available at: http://www.technology.gov/digeconomy/EmergingDig.pdf.
• Shrivastava, Paul (nd) Management Education for the Digital Economy Online available at:http://www.facstaff.bucknell.edu/shrivast/Digital.html.
• Atkinson, Robert D. (2001) The Failure of Cyber-Libertarianism: The Case for a National E-Commerce Strategy 9 June 2001 Online available at: http://www.ppionline.org/ppi_ci.cfm?knlgAreaID=140&subsecID=292&contentID=3439.
• Buckley, Patricia nd) Digital Transformation: Information, Interaction and Identity - Chapter VII Online available at: http://www.ppionline.org/ppi_ci.cfm?knlgAreaID=140&subsecID=292&contentID=3156.
• Ham, Shane & Atkinson, Robert D. (2001) A Third Way Framework for Global E-Commerce. 2001 March Progressive Policy Institute Technology & New Economy Project. Online available at: http://www.dlc.org/documents/global_ecommerce.pdf.

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