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A critique on Doing Business in the Wired World The article Doing Business in the Wired World depicts how a company can achieve business transactions and success through using the information-rich Internet The article is well plotted by using examples of different companies to show the potential use of electronic commerce via the Internet The article is empirical as the findings are based on experiences at large companies such as Cisco Systems Amazon Onsale and BidnAsk ect The main findings are 1Companies can obtain a lot of benefits doing business through electronic commerce First information is available and easily accessible One typical example is Morgan Stanleys use of intranet As it is stated nearly all of the companys 10000 employees access its server on a weekly or daily basis Information is disseminated and distributed at a largest possible scale in the company It is surely much easier for employees to deal with daily work to cooperate with other colleagues and to prepare their reports It is even important for decision-makers to take action at a faster speed with better-prepared analyses and reports 2Companies can save a lot of expenses using E-commerce As companies now can receive orders through network suppliers can send their orders directly and accurately in a shorter time This is quite beneficial to companies since in the past time companies used to adopt fax machines to receive and send message which was quite slow and was even troublesome for businesses under some circumstances That can be cost consuming and also a waste of paper With networks easily available companies can view information at any time As the article states in the first 18 months of Web usage 8230over 1 million in annual savings Any business who finds such a cost-effective method will accelerate the pace towards Web use 3The communications between companies and their customers can be substantially increased and enhanced by sharing information and other transaction procedures On-line order system
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