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...

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