The E-Business Revolution & The New Economy E-Conomics after the Dot-Com Crash

by Adams, F. Gerard

• ISBN13: 9780324271515
• ISBN10: 0324271514
• Edition: 1st
• Format: Hardcover
• Copyright: 2003-05-23
• Publisher: Cengage Learning

Summary

Rapid, technological change is having the most profound influence on how we conduct and organize business. Not to be aware of changes underfoot is a disaster. Despite the particular circumstances and events of the dot.com economy we do not have a "mature" economy, but one that is dynamic and growing. F. Gerard Adams defines and explores the new economy and the future of E-Business.

Author Biography

F. Gerard Adams is McDonald Professor in the College of Business Administration at Northeastern University in Boston

Table of Contents

About the Author	vii
Preface	ix
Part I The New Economy and the Dot-com Crash	1	(44)
Chapter 1 A New Economy?	3	(12)
What is the New Economy?	5	(10)
Case 1.1 The 2001 Recession and the Dot-com Crash	11	(4)
Chapter 2 Is There Statistical Evidence for a New Economy?	15	(20)
A Trend Toward Higher Productivity?	15	(8)
Case 2.1 The Productivity Paradox	21	(2)
Price, Cost, and Output Measurement in the New Economy	23	(4)
Full Employment without Inflation	27	(3)
Is the Business Cycle Dead?	30	(5)
Case 2.2 The Federal Reserve and the New Economy	32	(3)
Chapter 3 A Technological Organizational Revolution	35	(6)
Network Connectivity	36	(1)
Technological Innovations	36	(2)
Case 3.1 Moore's Law and Metcalfe's Law	38	(1)
Changes in Business Practice and Organization	38	(3)
Chapter 4 Reconciling Growth and Technical Change	41	(4)
A Glass Half Full	41	(1)
Globalization	42	(1)
Concluding Comment (Part I)	43	(2)
Part II The E-Business Revolution	45	(62)
Chapter 5 The Essentials of E-Business	47	(4)
What's E-Commerce All About?	47	(2)
New Business and Old Business Compared	49	(2)
Chapter 6 E-Commerce: B2C	51	(16)
E-Retail	51	(8)
Case 6.l Amazon.com	54	(2)
Case 6.2 E-Groceries	56	(1)
Case 6.3 Dell Computers	57	(2)
Case 6.4 State Taxes and the Internet	59	(1)
E-Tickets	59	(2)
Case 6.5 Travel Reservation Sites	61	(1)
E-Markets and Auctions	61	(6)
Case 6.6 eBay	62	(2)
Case 6.7 The Internet and Auto Sales	64	(3)
Chapter 7 E-commerce: Supply Chain Management	67	(10)
Case 7.1 Supply Chain Management in the Automobile Industry	69	(2)
Case 7.2 Cisco Systems	71	(2)
B2B Exchanges	73	(4)
Case 7.3 Covisint	74	(1)
Case 7.4 An Alphabet Soup of IT Businesses and Experiences	75	(2)
Chapter 8 Financial Services: E-Brokerage and E-Banking	77	(6)
E-Brokerage	77	(2)
Case 8.1 Web-based Brokerage Accounts	79	(1)
E-Banking and Payments Systems	79	(16)
Case 8.2 Internet Banking at Citigroup	81	(2)
Chapter 9 Other E-Commerce Activities	83	(12)
Case 9.1 Napster and the Record Companies	91	(1)
Case 9.2 E-Bulletin Boards	92	(1)
Case 9.3 Eframes.com	93	(2)
Chapter 10 The E-Business Experience	95	(12)
E-Business Innovation: Sustaining or Disruptive?	95	(3)
Making Alternative E-Business Models Work	98	(1)
Privacy and Security on the Internet	99	(2)
Case 10.1 E-Mail and Spam	100	(1)
What Works and What Doesn't	101	(5)
Case 10.2 What Caused the Dot-com Crash?	103	(3)
Concluding Comment (Part II)	106	(1)
Part III The Economics of E-Business	107	(46)
Chapter 11 The Economics of the Knowledge Economy and E-Business	109	(20)
Knowledge Capital and Hardware Capital	109	(2)
Economics and E-Business	111	(2)
Coase Transaction Cost and E-Business	113	(1)
Competition and Monopoly	114	(1)
Product Differentiation	115	(1)
Innovation	115	(1)
Economies of Scale	116	(1)
First Mover Advantage	116	(1)
Standards	117	(3)
Case 11.1 The Microsoft Antitrust Suit	118	(2)
Information Economics: Closed and Open Systems	120	(2)
Case 11.2 Linux and the Open Code Movement	121	(1)
Entrepreneurship and Industrial Organization	122	(1)
Entrepreneurship and Financial Considerations	123	(1)
Growth Theory and Evolutionary Economics	124	(2)
Economic Development and E-Business	126	(3)
Chapter 12 Economic Impact of E-Business	129	(24)
Globalization and E-Business	129	(1)
Business Practice and Organization	130	(3)
Microeconomic Effects on Productivity	133	(2)
Case 12.1 Some Personal Computer Experiences	134	(1)
Diffusion of Innovations	135	(2)
Speeding Up the Product Cycle	137	(1)
Advantages of E-Business for Firms	138	(1)
Mergers and Acquisitions and E-Business	138	(2)
Case 12.2 The Electric Motor and Business Organization	139	(1)
Savings from E-Distribution	140	(1)
Cost Reductions	141	(1)
Unmeasured Gains	142	(1)
Macroeconomic Effects	143	(2)
A Digital Divide?	145	(10)
Case 12.3 The Internet in China	147	(3)
Case 12.4 E-Commerce in Japan: A Latecomer	150	(3)
Part IV E-Business and the New Economy: The Future	153	(18)
Chapter 13 E-Business and the New Economy	155	(10)
Macroeconomic Prospects	157	(5)
For the Advanced Countries	162	(1)
Case 13.1 The Work of Nations	163	(1)
For the Developing Countries	163	(1)
Concluding Comment: The Future	164	(1)
Chapter 14 How to Participate in the New Economy	165	(6)
E-Business and Policy	165	(1)
Micro Policy	165	(2)
Macro Policy	167	(1)
How Can Stakeholders Participate?	168	(1)
Is There a New Economy?	169	(2)
Bibliography	171	(4)
Index	175