E-BUS MID-TERM.docx - CH1 INTERNET Challenges Disadvantages Security Privacy and trust Advantages Reach Coverage Low cost Convenience Fast Flexible

E-BUS MID-TERM.docx - CH1 INTERNET Challenges Disadvantages...

This preview shows page 1 - 3 out of 10 pages.

CH1: INTERNET: - Challenges & Disadvantages: Security, Privacy and trust Advantages: Reach & Coverage, Low cost, Convenience, Fast & Flexible Intranet: Inner network of an organization Extranet: Outside access to inner network of an organization Internet Advantages Disadvantages Unlimited users No Productivity Fast and Easy to use No security\ hackers Global communication Waste a lot of the employee’s time Collect information Collecting wrong information Electronic/Digital Communications: Pro: Instant Con: Means for cybercriminals, Spam, Malware & Phishing scams Foundations of E-Commerce: E-mail Instant Msg Search engines Intelligent agents Online forums & Chats Streaming media Unique features of E-Commerce: 1. Spreading out 2. Global reach 3. Universal standards 4. Information richness 5. Interactivity 6. Information density 7. Personalization/customization 8. Social technology E-Commerce: Buying & Selling of products over the internet - B2B (Cisco), B2C (Amazon), C2C (eBay) :Subset of e-business focused on transactions E-Business: Digital enabling of transactions and processes within a firm (Information systems) Does not include commercial transactions involving an exchange of value across organizational boundaries. :Continuous optimization of a firm’s business activities through digital technology. : conducting business over the Internet (email and web) by communicating and perhaps transacting (buying and selling) with customers, suppliers, and business partners. E-Business Infrastructure: App Framework, Hardware, Software, Internet Access, Services, E-Payment, Ads Benefits of E-Business: Reduce Admin/Operating/Inv cost Improve Customer service & satisfactions Streamline procurement procedures Increase communication efficiency Increase revenues & profit margins INTRAnet Advantages Disadvantage Easy , and Fast system of communication Information overload lowers productivity It improves productivity of the manager No security from the users within the company Many tools available Cost and time of training Better internal communication Extra budget Reduction of paper work Limited to use
Image of page 1
Potential Limits on growth of B2C E-Commerce: Expensive Technology Sophisticated skill set Persistent Cultural Attraction of physical markets and traditional shopping experiences Persistent Global Inequality limiting access to telephones and computers Saturation and ceiling effects CH2: Business Model: Planned activities designed to result in a profit in a marketplace Business Plan: Describes a firm’s business model E-Commerce Business Model: uses unique qualities of internet and web 8 Elements of Business Model: 1. Value Proposition 2. Revenue Model 3. Market Opportunity 4. Competitive Environment 5. Competitive Advantage 6. Market Strategy 7. Organizational Development 8. Management Team 1. Value Proposition: Why should customers buy from you?
Image of page 2
Image of page 3

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture