E-Business Assignment NAME: GONG YUCHENG DATE: 02/2003 The Internet and Web provide an infrastructure that enables buyers and sellers to find each other online. Companies are now having new sales channels for their products and services, and numerous electronic markets are available for buying and selling at offer prices or through various auction mechanism. Therefore, e-business could include almost all of the issues facing companies who practice business online, including: payment processing, software applications that manage customers or trading partners, outsourced applications and globalization. In the past two years, e-business seems to have permeated every aspect of daily life. In just a short time, both individuals and …show more content…
Even more, the brand value of Ford has arrived $36.4 billion which is in the first place of automobile industry. There are basically four components of a business model as Rayport and Jaworski (2001) pointed out: 1) A value proposition or a value cluster for targeted customers¡ªproducts; 2) A marketspace offering¡ªmarket; 3) A unique, defendable resource system; 4) Financial model. Firstly, a value proposition or a value cluster is one of the most important components of a business model. The construction of a value proposition or a value cluster requires management to specify the following three items according to Rayport and Jaworski (2001): (1) choice of target segment/segments, (2) choice of focal customer benefits/combination benefits, (3) rationale for why the firm/and its partners can deliver the benefit package significantly better than competitors. The difference between a value proposition and a value cluster might because the customization capabilities is available to online business, multiple segments of clusters can be addressed with a variety or combination of benefits offered. l Choice of segment/segments: As we already knew that at the beginning of the both companies their segment is automobile. With the growth, they attend to diversify their products
Electronic business, or e-business or "electronic commerce"(55) has increased exponentially because so many businesses are on digital networks. Major business transactions are completed on the enterprise. Digital networking is transforming businesses relationships with the companies customer, their employees and relationships with suppliers and partners in business. E business technology is also improving the way business is done in the government. The government uses the Internet to enable and increase business
E - Business presents a great opportunity to and organization to increase sales and enter into a much larger
In this part of the assignment I am going to explain the competitive pressure on selected, contrasting business organisations to develop their use of e-business. Also I will explain how two selected, contrasting business organisations have responded to competitive pressure to develop their use of e-business. At the end I have to evaluate how successful a selected business organisation has been in preparing for the growing use of e-business.
COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
Business model involves the relation of the business’ strategy, organization and the revenue streams (Lazonick, Mazzucato & Tulum, 2013, p.250). The elements included are products/service offering, customers, operations, infrastructure, costs, competitive advantage and input/transformation/output (Stokes, Wilson &Mador, 2010, p 323)
The Value Propositions building block refers to the overall view of company’s products and services that create value to satisfy the demand for a specific customer segments (Osterwalder, Pigneur & Ferreira 2011). Osterwalder indicated that these offering needs to be unique and distinguished from competitors (Osterwalder, Pigneur & Ferreira 2011). The value may be divided into the quantitative category that emphasis on the price and productivity, and qualitative category, which highlights product’s experience and its usage (Martin 2015).
E-business, is a primary factor and force behind any successful business or organization .When a company becomes more accessible to customers and partners this could generates more expansion for a company as well as create more revenue .The idea of of e-commerence is to operate under technological systems . When we look at e-business we are confronted with these systematic programs to fully understand e-bussiness and how a company uses this strategic system. .
Assignment 3: Critique e-business operations from each of the following four perspectives: on-line payments, customer satisfaction, supply chain management, and advertising products/and services
On the value proposition, the model creates the platform for customers and vendors to meet. Consumers are able to negotiate or bid for low prices which give them the opportunity to have quality products at lower cost and which results in savings for the customer. On the other hand, the model create a new channel for the vendor to sell off it excess products at a good price directly to the consumer thus increasing their revenues.
Because of globalization, today where clients are looking up for partners rather than suppliers so that they can help them to become more competitive and win more business, e-business is becoming an important issue. E-business will help them in decrease in transaction costs as there will be efficiency in the approval process. Even the purchasing department will become more effective and at the same time it will help in strengthening the partnerships.
Value creation is a term which cannot be defined / quantified specifically and measured accurately or attributed a particular definition. It has a distinct and broad view and originates from the customers point of view rather than monetary value which originates from the organizations financials. An external orientation is important and useful to understand value rather than an inward focus.
The exponential growth and rapid changes of e-business technologies bring both new opportunities and challenges to businesses. The underlying technologies of basic e-business functions such as data storage, processing, and transport are becoming increasingly indistinguishable among different organizations. This is because they are easily imitable and have become homogenized and are “available and affordable to
There is so much arguing about how does the internet changed normal businesses into something more complicated, E-business is defined as the use of the internet or any network to empower any business process and support the core activities such as, advertising, customer’s services, electronic commerce, organization collaboration and communication with suppliers, customers and maybe stakeholders (Colin, 2012).
A value proposition can build a customer value through the combination of many factors in order to serve the customer’s wants. It can be in term of quantity (such as price and speed of service) or quality (such as design and experience that customer will perceive).