Help
Options
Question
A set of planned activities designed to result in a profit in a marketplace.
click to flip
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't know
Question
8 BUSINESS MODEL
Remaining cards (72)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
E-Commerce
quiz 2
| Question | Answer |
|---|---|
| A set of planned activities designed to result in a profit in a marketplace. | BUSINESS MODEL |
| 8 BUSINESS MODEL | Core value, Competencies, Target Customer, Product and Services, Marketing, Management, Distribution, Cost and Distribution |
| A business Model steps. | 1-organization 2-value proposition 3-goto market 4-targets 5-mission |
| A document that describes a firm’s business model. | BUSINESS PLAN |
| A business model that aims to use and leverage the unique qualities of the Internet, the Web, and the mobile platform. | E-COMMERCE BUSINESS MODEL |
| provide integrated, hotel, conference center, and auto rental services at a single | Corporate online-booking solutions (COBS) |
| Saves time and money for both job hunters and employers. | The Ideal Web Business |
| One of the most important functions of Ideal Web Business | The ability to establish market prices and terms, as well as trends in the labor market. |
| sharing economy, collaborative commerce, peer-to-peer consumption, mesh economy, we-commerce | Common phrases |
| It provides the hardware, operating system software, networks and communications technology. | E-Commerce Enablers |
| Set of activities performed in an industry or in a firm that transforms raw inputs into final products and services.. | Industry Value Chains |
| Set of activities a firm engages in to create final products from raw inputs. Each step in the process of production adds value to the final product. | Firm Value Chains |
| Networked business ecosystem that uses e-commerce technology to coordinate the value chains of a group of firms. | Firm Value Webs |
| integrating Web and mobile operations with traditional physical store operations | Omni-channel integration |
| Refers to the ability of firms to survive as profitable business firms during a specified period. | ECONOMIC VIABILITY |
| Digital network designed to coordinate the flow of communications among firms engaged in business together. | PRIVATE INDUSTRIAL NETWORKS – PTX |
| EIGHT KEY ELEMENTS OF A BUSINESS MODEL | (VP-RM-MO-CE-CA-MS-OD-MT) |
| Defines how a company’s product or service fulfills the needs of the customers. | VALUE PROPOSITION |
| Describes how the firm will earn revenue, generate profits, and produce a superior return on invested capital. | REVENUE MODEL |
| Market opportunity is usually divided into smaller market niches. | MARKET OPPORTUNITY |
| Refers to the other companies operating in the same marketspace selling similar products. | COMPETITIVE ENVIRONMENT |
| It is 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. | COMPETITIVE ADVANTAGE |
| The plan you put together that details exactly how you intend to enter a new market and attract new customer. | MARKET STRATEGY |
| The plan that describes how the company will organize the work that needs to be accomplished. | ORGANIZATIONAL DEVELOPMENT |
| Employees of the company responsible for making the business model work | MANAGEMENT TEAM |
| (4) RAISING CAPITAL | (S-E-T-C) |
| typically, an entrepreneur’s personal funds derived from savings, credit card advances, home equity loans, or from family and friends. | Seed capital |
| short two-to-three-minute presentation aimed at convincing investors to invest. | Elevator pitch |
| incubators, angel investors, commercial banks, venture capital firms | Traditional sources |
| involves using the Internet to enable individuals to collectively contribute money to support a project. | Crowdfunding |
| B2C MODELS | (ET-ComP-ConP-P-TB-MC-SP) |
| B2B MODELS | (ED-EP-E-IC) |
| Online retail store or online version of a traditional retailer | E-TAILER |
| Single-channel e-commerce firms that generate almost all of their revenue from online sales. | Variations: E-TAILER a. Virtual merchant |
| Companies that have a network of physical stores as their primary retail channel but have also introduced online offerings. | Variations: E-TAILER b. Bricks-and-clicks |
| Established companies that have a national offline catalog operation that is their largest retail channel, but who have recently developed online capabilities. | Variations: E-TAILER c. Catalog Merchant |
| Single- or multi-channel manufacturers who sell directly online to consumers without the intervention of retailers. | Variations: E-TAILER d. Manufacturer-direct (D2C) |
| An online environment where people with similar interests can transact; share interests, photos, and videos; communicate with like-minded people; and receive interest-related information | COMMUNITY PROVIDER |
| Offers customers digital content on the web, such as newspapers, magazines, books, films, television, music, games, artwork | CONTENT PROVIDER |
| Variations: CONTENT PROVIDER | a. Syndication b. Aggregation |
| Offers users powerful search tools as well as integrated package of content and services all in one place. | PORTAL |
| Variations: PORTAL | a. Horizontal / General b. Vertical / Specialized c. Search |
| Processes transactions for consumers that normally handled in person, by phone, or by mail. | TRANSACTION BROKER |
| Builds a digital environment where buyers and sellers can meet, display products, search for products, and establish a price for products | MARKET CREATOR |
| Companies that make money by selling users a service, rather than a product. | SERVICE PROVIDER |
| B2B Business Models | 4 (ED-EP-EX-IC) |
| A company that supplies products and services directly to individual businesses | E-DISTRIBUTOR |
| A firm that creates and sells access to digital markets where participants transact for | E-PROCUREMENT |
| An independent vertical digital marketplace where suppliers and commercial purchasers can conduct transactions for direct inputs. | EXCHANGES |
| Industry-owned vertical marketplaces that serve specific industries. | INDUSTRY CONSORTIA |
| Set of plans for achieving superior long-term returns on the capital invested in a business firm: that is, profit. | Business Strategy |
| Five generic strategies | a. Product / service differentiation b. Cost competition c. Scope d. Focus / market niche e. Customer intimacy |
| Service Industries: Two categories | transaction brokers & hands-on service providers |
| Service Industries: Features: | a. Knowledge- and Information-Intense - makes them uniquely suited to e-commerce apps b. Personalization and customization - level differs depending on type of service |
| E-commerce has transformed banking and financial services. | Online Financial Services |
| 5: Online Financial Services | a. Fintech (Financial Technology) b. Online Banking and Brokerage c. Online Mortgage and Lending Services d. Online Insurance Services e. Online Real Estate Services |
| Applied to traditional financial services firms who are developing and implementing innovative technologies. | Fintech (Financial Technology) |
| Top mobile banking activities include checking balances and bank statements. | Online Banking and Brokerage |
| Early entrants hoped to simplify and speed up mortgage value chain. | Online Mortgage and Lending Services |
| Most insurance not purchased online. | Online Insurance Services |
| Early vision: Disintermediation of a complex industry | Online Real Estate Services |
| have both physical presence and online offering, preferred than pure-online firms. | Multi-Channel Firms |
| no physical presence, cannot provide all services that require face-to-face interaction. | Pure online firms |
| sites that provide consumers with comparison shopping services, independent financial advice, and financial planning | Financial Portals |
| the process of pulling together all of a customer’s financial (and even nonfinancial) data at a single personalized website | Account Aggregation |
| One of the most successful B2C e-commerce segments. | Online Travel Services |
| Online Travel Services: 2 subs | a. For consumers b. For suppliers |
| more convenient than traditional travel agents (content, commerce, and customer service) | For consumers |
| a singular, focused customer pool that can be efficiently reached through onsite advertising and promotions. | For suppliers |
| Provide a free posting of individual resumes, plus many other related career services; for a fee, they also list job openings posted by companies | Online Career Services |
| Online Career Services: 2 subs | a. Traditional recruitment tools b. Online recruiting |
| classified and print ads, career expos, on campus recruitment, employment agencies (staffing firms), internal referral programs. | Traditional recruitment tools |
| more efficient, cost-effective, reduces total time-to-hire - enable job hunters to more easily distribute resumes - ideally suited for Web due to information-intense nature of process. | Online recruiting |
Created by:
popie