E-Business Flashcards
What is the difference between ebusiness and ecommerce?
Ebusiness describes the actual business and ecommerce describes the transactions associated with the business
What are some of the domains in which ebusiness operates? (7 Domains)
B2C B2B C2B C2C B2E G2B G2C
What is buy side?
Buy side is procurement from suppliers
What is sell side?
Sell side is selling to customers and CRM
What are some of the postive impacts of e-business
Speed Convenience Customization Redefinition of product value media flexibility
What are some of the negative impacts of e-business?
Disintermediation & reintermediation
Channel Conflict
What are some ebusiness models
Brokerage Advertising Infomediary Merchant Manufacturer Affiliate Community Subscription Utility
Describe the following E-Business Model: Brokerage
A brokerage connects buyers and sellers: Example is Kijiji
Describe the following E-Business Model: Advertising
An advertising model seeks to earn ad revenue by increasing traffic and clicks
Describe the following E-Business Model: Infomediary
An infomediary is in the business of selling information
Describe the following E-Business Model: Merchant
The merchant model is a business that sells goods online: Example would be chapters.ca
Describe the following E-Business Model: Manufacturer
Manufacturers that sell direct to consumers online. Example would be levis.com
Describe the following E-Business Model: Affiliate
Websites that earn revenue by driving traffic to other websites for a commission
Describe the following E-Business Model: Community
Websites who derive their content from the community: Example would be Wikipedia
Describe the following E-Business Model: Subscription
Websites that charge users a subscription fee in exchange for content: Example is Netflix
Describe the following E-Business Model: Utility
Websites that have a pay as you go format. Example would be Skype charging for long distance calls
What is disintermediation?
Cutting out the middle man (intermediary) Example would be a travel agent
What is reintermediation?
Going back to the use of a middle man
What is channel conflict?
When traditional channels are upset when they get cut out. Example would be Levi’s selling online and walmart getting upset
What are the 4 main stages of developing an e-strategy?
Evaluation Stage
Strategy Development
Implementation Stage
Strategy Assessment
What are the 2 main e-strategies?
First Mover
Market Follower
What are some mistakes made by early ebusinesses?
Focus on price
Selling below cost
What are some funding sources for an ebusiness startup?
Self Funding Incubators Angel Funding Venture Capital Investment Banker
What are some opportunities presented by ebusiness to SME’s?
Reach a wider market at a lower cost
What are some challenges that SME’s face in eBusiness?
Pace of change
Lack of expertise
Website costs
What are some professionals whose services are useful in E business?
IT Consultants IT Lawyers Management Consultants Business Analysts Accountants Auditors
Breifly describe auditing and E-Business
Essentially checking to see how the firm is performing and if there are proper checks and balances and that they are working
What is Cryptography?
The science of transforming data in order to hide its content.
Modern day encryption uses mathmatics to scramble data.
What is Encryption?
The process of converting plain text into crypto text
What is Decryption?
Converting crypto text back to plain text
What are the two main types of encryption technology?
Private Key Encryption
Public Key Encryption
What is Private Key Encryption?
Using a single secret key or algorithm to encrypt and decrypt a given message
What is Public Key Encryption?
Using pairs of secret keys designed to work together. Combines a private key with a public key.
What is a digital signature?
A cryptographic transformation of data which, when associated with an electronic file provides the services of authentication.
What is a digital certificate?
Electronic ID that verifies the legitimacy of a website
What is a certification authority?
A trusted third party that issues digital certificates?
What is public key infrastructure?
PKI comprises the various policies and standards that make up the processes for public key encryption, digital signatures and digital certificates.
what was the original idea that drove the creation if the internet?
Provide the US military with a de-centralized command and control capability in case if nuclear war
What is Data Warehousing?
a single repository of data and information that is available to employees
What is Data mining
analyzing data from the data warehouse
