Ict In Business And Commerce

ICT in Business and Commerce
Changing Shape of Organisations
•    More people are working for themselves or for small businesses
•    Large organisations are becoming “flatter” i.e. less hierarchical. People are working in groups rather than individually.
•    Knowledge workers need less supervision than factory workers because they know what to do and when. They need information rather than supervision.
Using ICT to Set up a Small Business
Any business needs a phone and an answering machine.
For about £800+ a small business could also get:
•    Spreadsheet (Help set up business plan by calculating expected income and expenses. Perform “what if” queries to test the effect of raising or lowering prices).
•    Graphics (Create high quality commercial documents i.e. design logo, headed stationary, business cards etc.)
•    Word Processing (Design invoice stationary, send mailshots etc)
•    DTP (Design advertising, promotional material etc.)
•    Database (keep a mailing list)
•    Accounts
•    Fax (fax modem comes with most PCs)
•    Internet and Email (communication, online sales)
ICT in Banking
•    Telephone/Internet Banking (consider the problems of bank closures in rural areas)
•    ATMs
•    Debit and Credit Cards
•    MICR
•    Direct Debit (salaries, bills etc.)
•    Electronic Smartcards (e.g. Mondex) - could we have a cashless society?
Shopping on the Internet (E-Commerce)
Advantages:
•    Open 24/7
•   &nbs ...
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