Competitive Bundling in Information Markets:  A Seller-Side Analysis

In this chapter, the author takes a look at how organizations can integrate Social Media technology into their current electronic commerce environment. While electronic commerce technology has been around for many years, social media technology is emerging as the dominating force in commerce itself. Organizations must evolve their online environments in order to progress to the next level of service delivery. Social Media provides the basic technology for creating a network of customers who are passionate about the company’s product offering. The key here is the commitment of the customers throughout the business lifecycle. Social Media includes a variety of technologies and concepts such as social networking, weblogs, wikis, Really Simple Syndication (RSS), social tagging, mashups, information markets, and user defined content. This chapter will review several different examples where organizations have added Social Media to their environment and impact that integration is having to the entire business model.

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Challenges for Formal Standardization

Advances in IT Standards and Standardization Research - Standardization Research in Information Technology ◽

10.4018/978-1-59904-561-0.ch001 ◽

2011 ◽

pp. 1-19

Author(s):

Ulrich Blum

Keyword(s):

Positive Development ◽

Public Interests ◽

Information Markets ◽

Radical Reform ◽

Online Documentation ◽

The Status ◽

The Usa ◽

Standardization Process ◽

National Governments ◽

Two Sides

This study considers the developments in international standardization over the last 20 years, particularly the status of formal standardization as compared with consortium-based industrial standardization. The report shows that the radical reform of the global formal standardization system that started in 2008, prompted by the loss of interest in formal standardization on the part of large corporations and the sometimes less than satisfactory outcomes from consortium-based industrial standardization in terms of competition and antitrust considerations, has helped to compensate for the declining significance of national formal standardization. This specifically relates to national governments and is to be regarded as a clearly positive development from both the economic and the institutional and political points of view. Global public interests are now catered for by Internet-supported information markets. In particular, online documentation has also enhanced the transparency of the formal standardization process and provided freedom of access for small and medium-sized companies in particular, irrespective of geographical region. Finally, the study shows that the debate that took place in and around the year 2004 between Europe and the USA regarding the path toward the internationalization of formal standardization processes was superfluous, incomplete, and even counterproductive, owing to the hardening of the political divisions between the two sides.

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