E-Business: Strategies, Technology, and Risk Management

📊 E-business involves electronic transactions and services that contribute to the value of a business.

💻 The integration of e-business with existing business strategies and the evaluation of investment performance are crucial.

🌐 The use of technology, particularly the internet, allows for better decision-making and the creation of new relationships and values.

🔄 Adopting internet technology requires strategic changes to open new markets and maintain competitiveness.

📈 E-business strategy requires the fusion of marketing, channel management, and economic systems.

⭐️ Innovation with technology is crucial for company survival.

💡 Successful companies adopt new business models and implement strategic planning and risk management.

🔀 IT strategic planning differs from corporate and organizational strategy.

📚 IT strategic planning involves strategic business units, regional strategies, and functional strategies.

💡 Identifying business objectives and expertise areas is crucial in IT strategic planning.

🔍 Integration and communication issues can limit the effectiveness of IT strategies and lead to wasted resources.

🌐 IT strategic planning should align with the goals and objectives of the organization and target the right market.

🚀 The process of IT strategic planning involves analysis, objective definition, implementation, and continuous evaluation.

🔑 Feedback and surveys are essential for developing an effective e-business strategy.

🏢 Strategic analysis helps identify internal strengths and external issues to create a successful business model.

💡 Porter's five forces model is used to analyze the external situation and formulate the e-business strategy.

💡 The video discusses the importance of security and quality in e-commerce, and how customers compare and evaluate products based on these factors.

🌐 IT strategic planning involves analyzing internal and external forces, such as internet security and incentives, to drive market-driven strategies and improve performance.

🔧 Strategic objectives focus on enabling organizations to adapt to changes, leveraging online transactions for maximum benefit, and defining a clear vision and mission statement.

📊 Creating value for the organization through quality, efficient business processes, risk management, and the ability to create new realities in how people live and interact.

🔑 IT Strategic Planning and IT Governance are crucial for successful E-Business.

🌐 Implementing E-Business can lead to significant cost reduction and simplify business processes.

💰 The adoption of online purchasing can vary based on market acceptance, trust, and payment options.

💡 Strategic definition involves evaluating alternative options and prioritizing based on risks and benefits.

📈 IT Strategic Planning should align with the level of importance of the internet as a sales channel.

📈 The video discusses the various strategies that companies can use to utilize the internet for business growth, such as market development, diversification, product development, and market penetration.

💼 It also explores the implementation strategies, including management of change, scheduling, planning, and business analysis.

🔗 The importance of aligning information systems with business strategies and the impact on organizational performance is highlighted, emphasizing the need for coordination and prioritization.