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IMPLEMENTING EBUSINESS INITIATIVES - Coggle Diagram
IMPLEMENTING EBUSINESS INITIATIVES
Objectives
Increasing
Increasing sales
Opening
Opening markets
Serving
Serving existing customer better
Identifying
Indentifying new vendors
Coordinating
Coordinating more efficiently with existing vendors
Recruiting
Recruiting employees more effectively
Business Tactics
Upstream Strategies
Downstream Strategies
Goals and Measurement in Three Different Waves
Electronic business activities difficult to measure
First-wave e business activities
Second-wave e business activities
Third-wave e business actvities
Costs and Benefits
Identifying and Estimating Costs
Opportunity Costs
Web Site Costs
Funding Online Business Startups
Early Web Businesses
Started by individual with knowledge of computers, techonlogy and business
Late 1990s Web Businesses
Started by investors wanting to make fast money
Types of Investors
Angel Investors
Venture capitalists
Initial Public Offering (IPO)
Comparing Benefits to Costs
Identify benefits
Determine value of benefits
Compare value of benefits to total costs
Determine total costs
Identify costs
Return on Investment (ROI) techniques
Measures amount of income provided by specific current expenditure
Payback method, internal rate of return
Provides quantitave expression of comfortable benefits-to-cost margin
Mathematically adjusts for future reduced value of benefits
Return on Investment (ROI) in E-Business waves
First Wave
Newspaper sites
Many companies to invest large amounts of money
Second Wave
Being reviewed for ROI
Third Wave
HIghly sophiscated analyses of planned online business activities
Strategies for Developing Website
Internal Development versus Outsourcing
Internal people leading projects to initiative congruent with organization goals, culture
Outsourcing consultants is seldom able to learn enough about organization's cultire to accomplish objectives
The Internal Team
First step in outsourcing decision-making
Create internal team
Team members
Creative thinkers
Distinguished within the company
Project lead
Creativity
Good sense of goals and culture
Measuring team achivement
Not necessarily monetary
Express in terms appropriate to initiative objectives
Outsourcing
Early Outsourcing
Late Outsourcing
Partial Outsourcing
Incubators
Offers startup companies a physical location with officers, occouring and legal assiatance computer and internet connection at a very low monthly cost
The incubators offers seed money, management advice and marketing assistance as well
In exchange, the incubators receives an ownership interest in the company, typically between 10 percent and 50 percent
Accelerators
Work with entrepenuers who have already developed their idea into a business
Formal application process that offers involves a competetives series of proposals and presentations
Suvivor are entered into a formal program in which the entrepreneus spend a set period of time
Managing Electronic Commerce Implementations
Formal Management Techniques
Project Management
Project Portfolio Management
Specific Staffing
Post Implementing Audits
To examine plan and actual
To gather lessons learned
To raise a questions
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Chief Information Officer (CIO)
Project Protfolio Managers
Web Programmers
Business Managers
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A techniques in which each project were an investment in a financial protfolio
The chief information officer (CIO) records the projects in a list and updates the list regularly with current information about each project's status
Make trade-offs between cost,schedule and quality across projects as well as within individual projects
A collection of formal techniques for planning and controlling the act vibes undertaken to achieve a specification
The project plan includes criteria for cost, schedule and performance
Project managers use speficic application software called project management software to help them oversee projects
Change Management
Any information system project involves change and change can be upsetting to people
The process of helping employees cope with these changes
The techniques include communicating the need for change to employees
Techniques
Communicating the need for change to employees
Including employees in the decision processes leading up to the change
Allowing employees to participate in the planning for the change
Deisgned to help employees feel that they are a part of the change