E-Business - EBph4DB

p E-BUSINESS

2007

The concept of regular business and e-business planning differs in its concept and some of the variables . The basic general features are to be followed for proper functioning of e-business

Characteristics of Business : The purpose of the business , the products being handled , the mission of the company and the services to be provided be clearly mentioned . The should be elaborate and understandable for the future customers . The aim is to project the business objectivity in a proper and systematic way

Business Concept : The details of the business

activity and how the company will achieve the target goal is given to understand . Every business has to work in its specific industry . Data of the industry is necessary to know how the present supply-chain-management will operate and the future prospects . In e-business plans , the detailed data from the respective industry may not be necessary

The Mission : The target of the business and how it is going to be accomplished by e-business project . The business needs justification from the industry point of view as to the fulfilling the company 's mission by doing e-business . The mission need to be explained and the target achievement .The mission statement may be variable with the change in business target

Objectives of the Project : The nature of business and the scope will lead to the objectives of the project . The goal and objectives are interlinked . Achieving the goal may be flexible but the project objectives are always specific . Two types of objectives be made , short term and long term , which should work parallel to each other . Objectives have many advantages-first these add important detail into the plan and secondly they are strategic just as a business plan

The objective will tell how the problem to be tackled and how the solution can be achieved . To attain the result ht e objective should be realistic clearly showing the schedule of time to achieve the same

Besides the big business even a small business plan with minimum scope and small goals will also be benefited with the inclusion of objectives With the addition of objectives it carries weight and will show that the business is feasible . The business plan will look going in the right direction

Value Prospect : Present market is very competitive and unless the business plan is offering something extra , people may not like to purchase , in other terms it should be as best offer sale . The customer will be able to purchase better quality and more in quantity with the same value of money . The other variables are- better customer service reduction sale , product customization and provision of specialty products . The customer should be aware that these schemes are applicable in the company 's e-business

Business Model : The specifics of the business model need to be stated such as whether the company is a trading firm , a brokerage company , a manufacturing company or a charitable institution . Investors are particular to look into the business model to classify their future business activities . Initially the...