Business model When organizations go online, they have to decide which e-business models best suit their goals.
Their online initiatives started slowly to "test the waters". After all, at the time e-business was only a small fraction of the business conducted offline. Their cautious approach seems justified since many traditional companies have continued their steady growth and now dominate the top ranks of online business.
As for the Dot-Coms, there a few spectacular successes and a large number of failures.
But surprisingly, most of them slowly succeeded in one form or another. Nearly 4, of these investor-owned firms were acquired or made a major shift in their business model to undertake new activities, some more than once.
Even though investors were protected by SEC regulations, they were enticed by company officers, analysts, and financiers to put funds into companies that had little chance of success.
The closure rate of dot-coms must also be put into perspective with the realization that, according to the Small Business Administration, approximately 45, businesses fail in the U. Of those businesses, 85 percent are less than 5 years old and are believed to fail due to bad planning or management.
Part of the unintended legacy of the Dot-Coms is confusion about the value of business planning. But the real risk for investors became apparent as many of these businesses failed or were taken over by other companies.
They emphasize return on investment ROI decision making, where funds are put into programs and projects with the highest estimated payoff. Starting An e-Business The restructuring of a business to include e-business activities, or the startup of a new e-business are unique processes that require planning.
In an existing business, the plan for a new division or program is sometimes called an implementation plan. The initial plan for a start-up is known as a business plan. There is a distinction between starting an online business activity in an existing organization and starting a brand new e-business.
In fact, an e-business starting within an existing corporate structure is doomed to fail unless it is carefully supported. Introducing e-Business into an Existing Organization Turning a traditional business into an e-business, or just adding an e-business component, is a surprisingly difficult task.
Nearly every company has begun to make some changes to accommodate online activities and has found that the move is difficult and may take a significant amount of time and resources to accomplish.
The process is facilitated with an implementation plan, which delineates the steps to be taken and the resources required to start a new "business" within an existing business. It also addresses the challenges to be faced such as system integration, security, and corporate culture.
Ten times the expected number of visitors caused the Web site to crash on its opening day. System Integration Any company in business for more than 20 years is likely to have several different computer systems, each using customized software.
These so-called legacy systems perform particular tasks well and many are still used today! One of the major challenges of installing information or communications systems across an enterprise is to integrate these systems into an over-reaching network that allows access to their files throughout the company.
Just a few years ago ERP was the mantra of corporate America. However, the speed with which the Internet evolved as a business tool caused many ERP efforts to be suspended and sent companies back to the drawing board to determine how their systems should operate in an e-business environment.
Security Organizing an e-business where corporate computer systems are linked to a publicly accessible network such the Internet, presents a major security risk. But the failure to take that risk presents business risk of being out-performed by competitors.
The use of the Internet is essential for business because it can increase efficiency and greatly lower costs by providing a free global network for data transfer.
Corporations first realized that commercial transactions over the Internet can replace EDI applications that run on expensive virtual private networks. However, financial institutions still maintain private networks to provide extra security.
Organizations use software and hardware technology, known as a firewallto increase security on the Internet.
It controls access from the public network to an adaptation of the Internet within the company, known as an Intranet. Over the Internet, buyers and sellers link their Intranets to form exclusive networks that extend beyond corporate boundaries and include other enterprises.
An emerging approach to providing access and security is by identity management and the use of directories. Whereas anyone with the correct passwords can enter through a firewall, the directory regulates firewall passage and access to various files based on the identity of the individual, obtained, for example, by biometric means.
After the identity of the user is authenticatedthe directory provides him or her with the access permissions needed to perform a defined task.On March 3, employers across the United States celebrate Employee Appreciation Day, highlighting the hard work, innovation and ambition of employees in their varying industries.
Oil and Gas Authority (OGA) work with government and industry to make sure that the UK gets the maximum economic benefit from its oil and gas reserves.
A business plan can serve a few main purposes: In the world of banking and venture capital, business plans play a huge role for people trying to secure start-up funding from banks or investors. "e-Business International is a company we count on to understand the scope and requirements of a project then develop an efficient plan, complete development, implement and train the users with an affordable approach throughout the whole process.
urbanagricultureinitiative.com e-commerce start-up business plan executive summary. urbanagricultureinitiative.com is a start-up business that will provide a centralized location for consumers to go to return merchandise purchased online/5(57).
SBA Create Your Business Plan - This guide walks you through each section of your business plan with all of the details you need to craft them. They also have a Business Plan Tool that will walk you through the process, step by step.