Ict in Business and Commerce

Topics: Business, Small business, Credit card Pages: 2 (448 words) Published: November 4, 2008
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)
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
Direct Debit (salaries, bills etc.)
Electronic Smartcards (e.g. Mondex) - could we have a cashless society? Shopping on the Internet (E-Commerce)
Open 24/7
By asking customers to “register”, businesses can build up databases/customer profiles •People can shop without leaving home
People can search massive online databases to find exactly what they want (see the case study below) •A site such as Amazon has reviews of books, CDs and video games. You can read what other people thought of the product before you buy. •Amazon allows customers to listen to a sample of each track on the CD before they decide to buy •Businesses have fewer overheads and these savings should be passed on to the customer. Drawbacks:

Some people actually enjoy...
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