Maneesh K. Sharma’s research while affiliated with Indiana University – Purdue University Fort Wayne and other places

When Merill Lynch announced its entry into online brokering, analysts stated that Internet-based investing had reached a milestone. This article explores the development of Internet-based investment transactions and businesses as well as the differences between the business models of pure Internet brokers and those of full-service brokerage houses. Although this industry is in very early stages of development, it will eventually approach a modified form of zero-cost industry like many of the Internet service providers.

Implementing an ERP causes massive change that needs to be carefully managed to reap the benefits of an ERP solution. Critical issues that must be carefully considered to ensure successful implementation include commitment from top management, reengineering of the existing processes, integration of the ERP with other business information systems, selection and management of consultants and employees, and training of employees on the new system.