Managing E Business Simulation Essay

1035 words - 4 pages

IntroductionThe value of e-business depends upon business models that respond to applicable drivers of value. Particular factors of an e-business model will major function to and have power over some the various aspects of influencing e-business value considerably.Efficiency and customer service are definite driving factors in regard to added value to organizations. Gone are the days when one would toil for days, or even weeks, on end, waiting for satisfaction of a requested product or good. This aspect, of course, goes beyond the sales market. Organizations that subscribe to e-business enjoy a wide expanse of enhanced goods and services due to e-business options. Many information and communication transfers now exist that never would have previously been possible. Data and information can now be shared in a matter of seconds, that otherwise would have taken at least a day.Lower cost and superior management of previously complex machinations, behind the processes and transactions in the business community, are also possible because of the expedient nature of the e-business explosion. Value is created exponentially by organizations that have the basic plans such as those in place and are ready and able to implement them accordingly.Corporate undertakings consist of both non-value adding factors and aspects or decisions that will increase value of the organization down the road. The value adding factors are very important in the overall direction of the organization, as they guide the success of the business via the functions of everyday business, such as sales, customer service, marketing practices and operations. Some of the non-value adding functions, such as accounting and finance, need to be taken into consideration, also, as the too have their part in the entire equation.The opportunities abound for businesses that had previously followed a more conventional path before the advent of e-business, in the form of enhanced growth and improved capital. However, this is where the organization must face the hurdles that emerge when an organization decides to take the venture into the world of e-business. The outlay of capital and the time taken to validate what could be a very lucrative and radical choice for some companies involves careful, detailed research that should reflect directly on the vision and focus of what the company ultimately strives to achieve for itself, also the customer.In the simulation "Managing E-Business Value," there were many aspects noted in structuring a new e-business model. Notably mentioned were the differences between value adding and non-value adding factors. Non-value adding aspects or activities include those that can be avoided in the short tern scheme of things, or duties or factors that have to be part of the picture because of the production process or present technology. Factors or activities that add enhance the business and the relationships of the organization with its partners, consumers and employees are...

Find Another Essay On Managing E-Business Simulation

Managing Life Cycle Influences Essay

1285 words - 5 pages Life Cycle InfluencesIn my review of the literature related to management challenges in the life-cycle of an organization (start-up, growth, maturity and decline), I discovered that managers face numerous challenges. I found the simulation, "Managing Life Cycle Influences in an Organization" to be very insightful in presenting a realistic picture of these challenges.In the start-up phase, the organization is trying to establish itself in the market

Leadership in Action Essay

1023 words - 4 pages This paper will discuss the simulation, "Leadership in Action". The simulation is based on a company called Smith & Falmouth(S&F), who requires assistance to provide the company with conceptual information about the organization structure and to provide specific recommendation to be successful in the next three years. This paper will describe the formal culture of the organization and how this structure compares with other organizational

ECO/360 Fiscal Policy Simulation

866 words - 3 pages , unemployment, and potential output) is beneficial to learning and incorporating the fiscal concepts into daily decisions as well as work-related concerns.References:University of Phoenix. (Ed.). (2004). Introduction: Thinking like an economist.[University of Phoenix Custom Edition e-text]. The McGraw-Hill Companies. Retrieved May 22, 2006, from University of Phoenix, Resource, ECO/360-Economics for Business I Web site:

Supply and Demand Simulation Paper

1195 words - 5 pages A supply and demand simulation was conducted online for each student to complete which referred to a company named Good Life which is a property management company. The simulation was based on the renting of apartment units to potential tenants regarding the supply and demand factors. Each student was a property manager and was to complete the simulation with an outcome of an understanding of the supply and demand situation and how the economy

ECO/360 Supply and Demand Simulation

1221 words - 5 pages Phoenix. (Ed.). (2004). Introduction: Thinking like an economist.[University of Phoenix Custom Edition e-text]. The McGraw-Hill Companies. Retrieved May 8, 2006, from University of Phoenix, Resource, ECO/360-Economics for Business I Web site: secure/resource/resource.aspWonderful job of detailing the affects of supply and demand on the rental industry at Atlantis. You covered all the pertinent points in a concise yet detailed manner. The key points you learned and how they affect your workplace were well thought out and appropriately stated.

Alumina: Business Regulation Simulation

1794 words - 7 pages Alumina: Business Regulation Simulation Abstract This paper identifies the key facts, regulations and legal issues in the Business Regulation Simulation regarding Alumina, a global multibillion company. It identifies several of Alumina's values and stakeholders and discusses the conflicts among the competing stakeholders according to the simulation. In addition, a summarization on the basic issues on how the internal counsel


2460 words - 10 pages . [University of Phoenix Custom Edition e-text]. New York, NY: McGraw-Hill. Retrieved , from University of Phoenix, rEsource, MMPBL520-Transformational Leadership Web site.University of Phoenix. (2007). Managing across the organization [Computer Software]. Retrieved , from University of Phoenix, rEsource, Simulation, MMPBL520-Transformational Leadership Web site.

Operating in International Markets Simulation Summary

533 words - 2 pages export markets.What other parameters, apart from Internet penetration and credit card usage, should Conserra evaluate to determine the potential for an E-business initiative?E-business has continued to evolve due to the developments in its underlying technologies, and the benefits accruing to both businesses and consumers alike. The Internet provides an almost universal infrastructure for accessing and interacting with customers and business partners

"Analyzing Income Tax Implications" Cycle III and IV

736 words - 3 pages be describing the two cycle and the outcome results.For cycle III of the simulation, Betsy and Ronald Brown are planning for the future. They need advise on the new house they should select and on whether the vehicle Betsy wants should be leased or purchased. The IRS has specific tax guides for moving expenses and vehicle use for business. I used the textbook and the information tabs provided in the simulation to help me determine if the

Thinking Critically Simulation Review

1022 words - 4 pages generated better results has been discussed.Reference"Critically quotes & quotations." Find the famous quotes you need, Quotations. N.p., n.d. Web. 26 June 2010. <>.Crum, C. (2008). Dealing with the Loss of a Key Employee. Online: Small Business Newz.Richard Paul, L. E. (2006). Critical Thinking, Tools for Taking Charge of Your Learning and Your Life. In L. E. Richard Paul, Critical Thinking, Tools for Taking Charge of Your Learning and Your Life. Prentice Hall.

Fiscal Policy Simulation

888 words - 4 pages The Fiscal Policy Simulation assignment explains the effects of changes in fiscal policy, identify four key points presented in the simulation, apply the lessons to the workplace and describes the growing further results. The simulation covers fiscal policy the impact of a change in government spending or taxation on the real Gross Domestic Product (GDP) and aggregate income of the economy.In my first decision of the simulation, the Director of

Similar Essays

Simulation Creating And Managing Effective Teams In Business: Managing Effective Teams Following Apa Guidelines.

1316 words - 5 pages Effective team building is as important to the job as the project is to the company. The ways to build an effective team is to match the skills to the people assigned. One bad move in picking the right team members could affect the project as a whole. The team will be motivated to work together in a capacity to share ideas, with effective communication. The team will be chosen on the skills that each individual can bring to the group as a whole

Web Based Simulation In Nursing Essay

1706 words - 7 pages universities participated in the newly developed FIRST2ACTWebTM computer-based (CB) simulation program. All had completed a unit in managing medical emergencies. Nearly all students were enrolled in a 3-year Bachelor degree although some were in a 4-year double degree such as nursing-midwifery, nursing-paramedic or a graduate entry nursing degree. Most students participated during the first semester of their final year or else the third trimester

Leadership Concept Worksheet Essay

768 words - 3 pages Matt Fernandez by presenting my plans for the future of the company and including the staff in decision making. With the new insight, employees can focus their attention on the goals and values of the organization allowing Good Sport opportunity to meet its goals.ReferencesKreitner & Kinicki (Ed.). (2004). Teams and Teamwork for the 21st Century. [University of Phoenix Custom Edition e-Text]. , : The McGraw-Hill Companies . Retrieved April 12, 2009, from MMPBL/520.University of Phoenix. Managing Across the Organization [Computer Software]. Retrieved April 13, 2009, from University of Phoenix, Simulation, MMPBL/520.

Applying Anova And Nonparametric Tests Simulation Paper

567 words - 2 pages , L. (2007). Applied statistics on business and economics.[University of Phoenix Custom Edition e-text]. McGraw-Hill, Burr Ridge, IL.Retrieved May 19, 2009, from University of Phoenix RES 342- Research and Evaluation II Web site.University of Phoenix. (2009). Applying ANOVA and Nonparametric Tests[Computer Software]. Retrieved May 19, 2009, fromUniversity of Phoenix, Simulation, RES 342.