E-commerce Business Models Part 1

Prof. Richardson discussing e-commerce business models

Category:

Education

Tags:

• witiger
• E-commerce
• Business
• Models
• seneca
• college
• UTSC
• UTM
• richardson

[MayVeryOwn]

When it is mention in the video "it is risky to be an innovator". It is like Apple coming out with many new features that their competitors hasn't come up with yet for example the iphone 4. Also Apple usually doesn't do much advertisements for their products and still they are successful at what they do, even when their competitors brings out new products that has like higher resolution or provides flash.

Richard L. BCS 555

[profwitiger]

doesn't do much advertisements ... they count on viral marketing and the "coolness" of their product

[onyx187]

I am confused with business model, having read journal articles by osterwalder, Al-Debei etc...they talk about completely different thing about business models, can someone explain what information goes into an ebusiness model please?

[profwitiger]

basically it is a model for a successful business in an online environment, where the "technological environment" and the "competitive environment" are quite different

[sayndz]

This is a really interesting lecture because due to new technology and the Internet, as you mentioned, it has been easy to think of new creative business models, especially when you have the chance to correct previous unsuccessful business models. For example, McDonalds, is extremely successful because it takes after Fordism/ Taylorism, which was a successful and profitable model of mass production, but without the unethical treatment of workers.

Sandra A MGD415

[profwitiger]

especially when you have the chance to correct previous unsuccessful business models - yes, that is a key

[x3triLogyx3]

I thought it was interesting to note as well that since the making of this video Samsung has surpassed Apple in terms of smartphone sales. Their business model involved innovating on hardware, and providing an open source device to contrast Apple's closed garden approach. Implementing the Android operating system (which essentially is free) helped cut costs for Samsung while providing users with an easy, non destructive way to root their devices and alter their functionality. - Marc N (415)

[ahsanai12]

A good exmaple of being second can be seen through Sony portable devices. Portable gaming systems like nintendo game boy. Even though it was a huge success, sony learnt from their product and created a PSP that had far superior graphics and added new features which no other portable gaming system could match. Sony added new features like wifi, and multimedia platforms to attract a bigger market. This is the reason why sony PSP is doing so well.

Ahsan M. MGD415