E-Business

IT enables connected services with low coordination costs and no loss of time due to information transmission. It forms the infrastructure for global value creation based on the division of labor.

Business processes describe the operational implementation of the business model and use business applications for coordination and increased efficiency. Integrated business processes enable innovative business models.

IT has evolved through several waves, from functionally specialized applications to user-friendly Internet technologies and mobile IT use, impacting various fields of innovation.

Customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partners, and cost structures.

Digital transformation denotes the change in different areas of life through increasing digitalisation, affecting economic structures and business models.

Digital transformation is the cultural, organizational, and operational change of an organization, industry, or ecosystem through the smart integration of digital technologies, processes, and competencies.

The information effect refers to the ability of digital solutions to provide access to information, enabling users to make informed decisions and take actions.

The brokerage effect involves connecting supply and demand, allowing for interactive configuration of products and automated negotiations through electronic media.

The integration effect involves the seamless integration of systems and processes across different organizations, creating flexible value creation communities.

The delegation effect occurs when systems make active and independent decisions based on data and complex rules, previously reserved for humans.

Digitalization transforms business models by enabling new value creation processes, integrating IT systems, and creating innovative products and services.

E-business integrates suppliers, companies, and customers through electronic procurement, organization, and commerce processes, enhancing efficiency and connectivity.

The evolution includes the rise of e-business with user-friendly Internet technologies, the breakthrough of mobile IT use around 2007, and the emergence of AI-based interactions around 2022.

By exploring new market spaces, interacting with suppliers and customers, creating and capturing value, and ensuring strategic analysis and implementation.

IT enables digital transformation, leading to changes in organizational structures, value chains, industries, and markets, driving structural change.

Explain the potential and limitations of information technology for sustainable competitive advantages.

A business model is the specification of the corporate strategy for a business area.

Generic business models can be distinguished from individual business models.

1. Value proposition 2. Architecture of value creation 3. Revenue model

Because it lacks specificity and does not account for different customer needs and segments.

IT enables companies to become more intelligent by acting as an intelligence amplifier.

IT resources like hardware, operating systems, and application software can help build sustainable competitive advantages that are hard to imitate.

Networked IT is a central driver of differentiated and complex value creation concepts in the modern economy.

It introduced new concepts for doing business using networked IT, such as online shops and streaming services.

A digital business model emphasizes the significant role of digitalization in business strategies.

A business model specifies the corporate strategy for a business area, outlining how a company creates, delivers, and captures value.

Generic business models describe widespread company types without discussing individual differences.

The business models of Interdiscount and digitec.ch, both retailers but with individual business designs.

Identify the impact of IT on the economy in general and on business models in particular.