Value-adding characteristics of the internet for e-business plan

The Internet has provided many valuable tools to the public, including an entirely new way to do business. E-businesses use the Internet to access a virtually unlimited supply of money and clients or buyers. If you wish to start your own small business, an e-business is definitely a viable option.

Value-adding characteristics of the internet for e-business plan

Overview[ edit ] A business process begins with a mission objective an external event and ends with achievement of the business objective of providing a result that provides customer value.

The Key Features of an E-Business |

Additionally, a process may be divided into subprocesses process decompositionthe particular inner functions of the process.

Business processes may also have a process owner, a responsible party for ensuring the process runs smoothly from start to finish. Operational processes, which constitute the core business and create the primary value stream, e. Operational processes, which focus on properly executing the operational tasks of an entity; this is where personnel "get the things done" Management processes, which ensure that the operational processes are conducted appropriately; this is where managers "ensure efficient and effective work processes" Governance processes, which ensure the entity is operating in full compliance with necessary legal regulations, guidelines, and shareholder expectations; this is where executives ensure the "rules and guidelines for business success" are followed A complex business process may be decomposed into several subprocesses, which have their own attributes but also contribute to achieving the overall goal of the business.

Processes can be modeled through a large number of methods and techniques. For instance, the Business Process Modeling Notation is a business process modeling technique that can be used for drawing business processes in a visualized workflow.

In the end, all processes are part of a largely unified outcome, one of "customer value creation. Previously, in a society where production was dominated by handcrafted goodsone man would perform all the activities required during the production process, while Smith described how the work was divided into a set of simple tasks, which would be performed by specialized workers.

The appropriate level of task division was defined through experimental design of the production process. In contrast to Smith's view which was limited to the same functional domain and comprised activities that are in direct sequence in the manufacturing process [7]today's process concept includes cross-functionality as an important characteristic.

Following his ideas, the division of labor was adopted widely, while the integration of tasks into a functional, or cross-functional, process was not considered as an alternative option until much later.

His Principles of Scientific Management focused on standardization of processes, systematic training and clearly defining the roles of management and employees.

Peter Drucker[ edit ] In the latter part of the twentieth century, management guru Peter Drucker focused much of his work on simplification and decentralization of processes, which led to the concept of outsourcing. He also coined the concept of the " knowledge worker — as differentiated from manual workers — and how knowledge management would become part of an entity's processes.

A process is thus a specific ordering of work activities across time and space, with a beginning and an end, and clearly defined inputs and outputs: Processes are the structure by which an organization does what is necessary to produce value for its customers.

These characteristics are achieved by a focus on the business logic of the process how work is doneinstead of taking a product perspective what is done. Following Davenport's definition of a process we can conclude that a process must have clearly defined boundaries, input and output, that it consists of smaller parts, activities, which are ordered in time and space, that there must be a receiver of the process outcome- a customer - and that the transformation taking place within the process must add customer value.

value-adding characteristics of the internet for e-business plan

They define a process as: Some processes result in a product or service that is received by an organization's external customer. We call these primary processes.E-business is short form of electronic business, where internet and related technology is used for normal business operations.

Here internet is used to increase productivity, reduce . We explore the theoretical foundations of value creation in e-business by examining how 59 American and European e-businesses that have recently become publicly traded corporations create value. We observe that in e-business new value can be created by the ways in which transactions are enabled.

Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon.

The Key Features of an E-Business |

A value proposition is the #1 thing that determines whether people will bother reading more about your product or hit the back button. It’s also the main thing you need to .

value-adding characteristics of the internet for e-business plan

the Internet as to “friction free capitalism” and thus emphasizes the free flow of one-to-one interactions that is possible only with the Internet use (Gates et al., ). The rapid growth of this new medium poses intriguing questions for academic research. Beyond adding an "e" to the title, what are some of the differences that make writing an e-business plan different from writing a business plan?

The Internet is unlike any other sales channel. The Internet is .

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