Understand the intricacies of setting up an online E-Commerce store. Learn the basic fundamentals of B2B vs B2C E-
Commerce portal and major components in an EC Development process.
Commonly known as Electronic Marketing.
It consist of buying and selling of products and services by businesses and consumers through an electronic medium, without using any paper documents.
Best Healthcare and Hospital Website Project Work Done by E Vision Technologi...Raj Gupta
E Vision Technologies is a fast growing IT services Company. The Company commenced its operations in 1998 providing Web-based Solutions, gradually evolving its core competencies into a pure IT Consultancy & IT Services company. Today, it provides a wide range of IT Services to a large number of Customers that include Global-1000 as well as India-100 companies.
Understand the intricacies of setting up an online E-Commerce store. Learn the basic fundamentals of B2B vs B2C E-
Commerce portal and major components in an EC Development process.
Commonly known as Electronic Marketing.
It consist of buying and selling of products and services by businesses and consumers through an electronic medium, without using any paper documents.
Best Healthcare and Hospital Website Project Work Done by E Vision Technologi...Raj Gupta
E Vision Technologies is a fast growing IT services Company. The Company commenced its operations in 1998 providing Web-based Solutions, gradually evolving its core competencies into a pure IT Consultancy & IT Services company. Today, it provides a wide range of IT Services to a large number of Customers that include Global-1000 as well as India-100 companies.
E-commerce Technology for Safe money transaction over the netRaman K. Attri
The Buzz word E-commerce has revolutionized the way the business and money transactions used to work in the past. It is the latest impact of software arena in the field of banking, business and purchasing. The term also refers to online stock and bond transactions and buying and downloading software without ever going near a store. In addition, e-commerce includes business-to-business connections that make purchasing easier for big corporations. This paper mainly concentrates on technology revolution behind the transaction of money over the net. There are still doubts and questions from business and corporate users on the safety aspects of e-commerce. The software and web technology has innovated many encryptions and secure software layering and protocols techniques which tries to make the e-commerce transactions safer. The concept behind these techniques along-with the technical aspect of e-commerce and how it can be implemented in bank for money transaction is discussed in this paper. Further it deals with safety and security issues related to e-commerce implementation in banks and business transactions.
PURCHASING PROCEDURES, E-PROCUREMENT, AND SYSTEM CONTRACTING pter 007 instru...Zamri Yahya
• Purchasing Procedure
• System Contracting
• E-Procurement
• Reverse Auctions
• Electric Data Interchange (EDI) and Purchasing
Radio Frequency Identifications (RFID)
1.
•
•
• An e-commerce business model aims to use and leverage the unique
qualities of the Internet, the Web, and the mobile platform.
• There are eight key elements of a business model.
Value proposition
Defines how a company’s product or service fulfills the needs of customers.
Questions to ask:
• Why should the customer buy from you?
• What will your firm provide that others do not or cannot?
Successful e-commerce value propositions:
• Personalization/customization
•
Reduction of product search, price discovery costs
• Facilitation of transactions by managing product delivery
2. Revenue model
• Describes how the firm will earn revenue, generate profits, and produce a superior return
on invested capital.
Most companies rely on one, or some combination, of the following major revenue models:
• Advertising (Yahoo)
• Subscription (WSJ)
• Transaction fee (eBay)
• S ales (Amazon)
• Affiliate (MyPoints)
Why may a company want more than one revenue model?
3. Market opportunity
• • Refers to the company’s intended marketspace and the overall potential financial
opportunities available to the firm in that marketspace.
Marketspace
• Area of actual or potential commercial value in which company intends to
operate.
Realistic market opportunity:
•
Defined by revenue potential in each market niche in which company hopes
to compete.
Market opportunity typically divided into smaller niches
4. Competitive environment
• Refers to the other companies operating in the same marketspace selling
similar products.
Who else occupies your intended marketspace?”
• Other companies selling similar products in the same marketspace.
• Includes both direct and indirect competitors.
Influenced by:
• Number and size of active competitors
• Each competitor’s market share
• Competitors’ profitability
•
•
•
•
5. Competitive advantage
• Competitive advantage:
• Achieved by a firm when it can produce a superior product and/or
bring the product to market at a lower price than most, or all, of its
competitors.
“What special advantages does your firm bring to the marketspace?”
• Is your product superior to or cheaper to produce than your
competitors’?
6. Market strategy
• • The plan you put together that details exactly how you intend to enter a
new market and attract new customers.
Details how a company intends to enter market and attract customers Best
business concepts will fail if not properly marketed to potential customers.
Examples:
• YouTube having social network marketing strategy which lets users to
post content on the site for free;
• AOL distributing out free trial CDs through magazines and newspapers
7. Organizational development
• Development plan describes how the company will organize the work that
needs to be accomplished.
Work typically divided into functional departments, e.g, production,
shipping, marketing
Chapter 3
Business Models
Traditional Organizational Structure
Vertical and hierarchicalFunction-basedProduct-basedGeography-basedHigh coordination costs (costs of sending, storing and retrieving information)Seller- or product-driven, aiming to generate value at the of line-of -business level
Pressures Forcing Business Changes for New Business Models
Competition fiercer and more globalCustomers become increasingly demandingIncrease in competition leads companies to rethink their position in the marketNetworking strategies are required to provide high quality and cost-efficient products
possible by the development of information technology
New Organizational Structure
Hierarchical, procedural and other new coordination mechanisms which leads to network based business modelsTeam-based structureCustomer focused: value is generated at the relations level, across products and channelsCreation of internet based business models (5 Business models Classifications)
Business Model
Timmers (1999) defines a ‘business model’ as:
An architecture for product, service and information flows, including a description of the various business actors and their roles; and a description of the potential benefits for the various business actors; and a description of the sources of revenue.
Business Model
business model takes a central position in a business strategyBusiness model is defined as a descriptive representation of the fundamental components of a business
The internal aspects of a business venture;The type of relationships of the enterprise with its external environmentcompany’s information assets are embedded in the business venture
product or service that a company deliverssources of revenuecompany’s structure and processes
8 Key Elements of a Business Model
Value propositionRevenue modelMarket opportunityCompetitive environmentCompetitive advantageMarket strategyOrganizational DevelopmentManagement team
1. Value Proposition
Why should the customer buy from you?Successful e-commerce value propositions:
Personalization/customizationReduction of product search, price discovery costsFacilitation of transactions by managing product delivery
2. Revenue Model
How will the firm earn revenue, generate profits, and produce a superior return on invested capital?Major types:
Advertising revenue modelSubscription revenue modelTransaction fee revenue modelSales revenue modelAffiliate revenue model
3. Market Opportunity
What marketspace do you intend to serve and what is its size?
Marketspace: Area of actual or potential commercial value in which company intends to operateRealistic market opportunity: Defined by revenue potential in each market niche in which company hopes to competeMarket opportunity typically divided into smaller niches
4. Competitive Environment
Who else occupies your intended marketspace?
Other companies selling similar products in the same marketspaceIncludes both direct and indirect competitorsInfl ...
Every day retailers are faced with new challenges in connecting with the consumer. This discussion explores how standards can help in implementing new ideas based on the ever changing consumer quickly and efficiently.
20. Eight Key Ingredients of a Business Model Key Questions Business Model Components Value Proposition Why should the customer buy from you? Revenue model How will you earn money? Market opportunity What marketspace do you intent to serve, and what is its size? Competitive environment Who else occupies your intended marketspace? Competitive advantage What special advantages does your firm bring to the marketspace? Market strategy How do you plan to promote your products to attract customer? Organizational development What types of organizational structures within the firm are necessary to carry out the business plan? Management team What kinds of experiences and background are important for the company’s leaders to have?