Electronic Commerce A Managerial And Social Networks Perspective

928 WordsMay 8, 20164 Pages
We all wish to have a successful business that we enjoy, and that covers the bills and brings us profit, but creating such kind of business needs more than a great idea to accomplish it, we need a plan that clears the steps needed, the expenses, and the strategies that will be taken. According to Efraim Turban in his book Electronic Commerce a managerial and social networks perspective 2012 we need to Define create, and implement an E-business plan that supports Business-to-Business (B2B) and Business-to-Consumer (B2C) functions. So here are some great points to how to create and implement a business plan. First I would like to talk about the meaning of a business plan, and the importance of it. Turban defined a business plan as “a written document that identifies a company’s goals and outlines how the company intends to achieve the goals and at what cost.” (Turban & King, 2011) I business plan is obviously a formal statement of the business goals, explanations of why they are adaptable, and plans for accomplishing them. It may also contain background information about the organization or team attempting to reach those goals. A business plan is important for an any type of business and any size, it provides the steps the business would take, gives a future look on is will happen, encourage financers, and team members, and eventually it helps in managing the company. Now that you understand what is a business plan and its importance to the business we should put a few
Open Document