Assessing Requirement for Online Business Designing - Planning Online Business, E-Commerce B Com Notes | EduRev

E-Commerce

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Assessing requirements for Online Business Design

'Steps for assessing and planning an online business

Steps for assessing and planning an online business are:

1. Create a map of scenarios for aligning business strategy and Internet initiatives in the future.

2. Communicate a vision from top management to drive Internet initiatives.

3. Identify and transform key value constellations, specifically what business core practices and processess the Internet. This steps identifies possible opportunities.

4.Develop a portfolio of electronic commercrinitiatives your company wants to pursue.

5.Develop year-by-year objectives and plans for chosen initiatives, including measurements of effectiveness and their effect on the business.

6.Implement the change.

7.Monitor the overall plan, learn lessons, adjust and improve.

 

Competitive intelligence over Internet

For gaining competitive intelligence over Internet you can

  • Review competitor’s Web sites
  • Analyze related newsgroups
  • Examining publicly available financial documents
  • You can give prizes
  • Use an information delivery service
  • Use research companies
  • Solicit opinions in a chat room Electronic Commerce Opportunities and Application

For Uncovering Specific electronic commerce Opportunities and Application:


First you have to understand:

  • How digital markets operate
  • How Internet customers behave
  • How competition is created and what infrastructure is needed
  • What are the dynamics of electronic commerce

Then map opportunities that match current competencies and markets.

Various opportnities to created new products and services are:

  • Matchmaking - matching buyers’ needs from seller without a priori knowledge of either one
  • Aggregation of services - combines several existing services to create a new service
  • Bid/ask engine - creates a demand/supply floating pricing system
  • Notification service - tells you when the service becomes available, or when it becomes cheaper
  • Smart needs adviser - if you want, then you should ...
  • Negotiation - price, quantity, or features are negotiated
  • Up sell - suggests an additional product or service
  • Consultative adviser - provide tips on using the product
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