Podcast
Questions and Answers
Which factor does NOT contribute to the quality of an Online Value Proposition (OVP)?
Which factor does NOT contribute to the quality of an Online Value Proposition (OVP)?
- Responsiveness
- Accessibility
- Functionality
- Cost-effectiveness (correct)
What is part of the five-layers of the e-business infrastructure?
What is part of the five-layers of the e-business infrastructure?
- Financial management
- Marketing strategy
- Data repository system (correct)
- User interface design
Which aspect does NOT relate to service quality experienced by users?
Which aspect does NOT relate to service quality experienced by users?
- Brand loyalty (correct)
- Functionality of applications
- Availability of services
- Speed of interaction
What is one of the main functionalities of the processing applications?
What is one of the main functionalities of the processing applications?
In what way do e-business systems differentiate themselves in the marketplace?
In what way do e-business systems differentiate themselves in the marketplace?
What is a key focus of User Centered Design (UCD)?
What is a key focus of User Centered Design (UCD)?
In the context of customer experience, what should websites prioritize first?
In the context of customer experience, what should websites prioritize first?
Which of the following elements is NOT a component of User Centered Design?
Which of the following elements is NOT a component of User Centered Design?
What aspect of design does UCD aim to enhance?
What aspect of design does UCD aim to enhance?
Who should be involved in the User Centered Design process?
Who should be involved in the User Centered Design process?
What is a primary goal of customer experience design?
What is a primary goal of customer experience design?
Which statement is true regarding the role of emotional values in design?
Which statement is true regarding the role of emotional values in design?
What is an example of an application that may benefit from User Centered Design?
What is an example of an application that may benefit from User Centered Design?
What factor do companies often depend on to achieve business performance?
What factor do companies often depend on to achieve business performance?
What does the concept from Ward and Peppard emphasize for digital investments?
What does the concept from Ward and Peppard emphasize for digital investments?
What aspect of IT/IS applications is noted as potentially beneficial for businesses?
What aspect of IT/IS applications is noted as potentially beneficial for businesses?
In the context of digital business transformation, what is the relationship between business opportunity and IT opportunity?
In the context of digital business transformation, what is the relationship between business opportunity and IT opportunity?
How can companies ideally align their supply activities?
How can companies ideally align their supply activities?
What is the potential impact of digital business transformation on a company's competitive focus?
What is the potential impact of digital business transformation on a company's competitive focus?
Which of the following best describes the dependency of IT/IS applications in relation to business objectives?
Which of the following best describes the dependency of IT/IS applications in relation to business objectives?
What focus is essential for future opportunities in a digital transformation context?
What focus is essential for future opportunities in a digital transformation context?
What does the term 'demonstrative understanding' refer to in this context?
What does the term 'demonstrative understanding' refer to in this context?
Which action best represents 'application' in the context of knowledge use?
Which action best represents 'application' in the context of knowledge use?
What cognitive level involves breaking down information into parts?
What cognitive level involves breaking down information into parts?
Which of the following is NOT a component of 'evaluation' as indicated in the content?
Which of the following is NOT a component of 'evaluation' as indicated in the content?
What does 'creating' involve in the context provided?
What does 'creating' involve in the context provided?
Which level of cognitive understanding involves giving descriptions and stating ideas?
Which level of cognitive understanding involves giving descriptions and stating ideas?
What is primarily involved in the 'analysis' stage of cognitive understanding?
What is primarily involved in the 'analysis' stage of cognitive understanding?
What does 'solving problems to new situations' imply in cognitive terms?
What does 'solving problems to new situations' imply in cognitive terms?
What is one of the primary purposes of the 'Interests' section in Airbnb?
What is one of the primary purposes of the 'Interests' section in Airbnb?
Which of the following factors is NOT mentioned as crucial for the Online Value Proposition (OVP)?
Which of the following factors is NOT mentioned as crucial for the Online Value Proposition (OVP)?
What does the material suggest about the importance of technological infrastructure?
What does the material suggest about the importance of technological infrastructure?
What aspect is highlighted as part of creating value for customers in the Customer Value Proposition (CVP) and Online Value Proposition (OVP)?
What aspect is highlighted as part of creating value for customers in the Customer Value Proposition (CVP) and Online Value Proposition (OVP)?
Which of the following is NOT a component of the Six C's framework mentioned?
Which of the following is NOT a component of the Six C's framework mentioned?
What is emphasized as a critical element for top operational execution?
What is emphasized as a critical element for top operational execution?
In the context of the online value proposition, what does performance refer to?
In the context of the online value proposition, what does performance refer to?
Which of the following statements best encapsulates the goal of Airbnb's initiatives for its hosts?
Which of the following statements best encapsulates the goal of Airbnb's initiatives for its hosts?
What is essential for delivering a value proposition to the right audience?
What is essential for delivering a value proposition to the right audience?
Which phase must be assessed to identify customer opportunities?
Which phase must be assessed to identify customer opportunities?
What should a business avoid to prevent pushing an unacceptable business into the market?
What should a business avoid to prevent pushing an unacceptable business into the market?
What is a key element to focus on for assessing digital business model possibilities?
What is a key element to focus on for assessing digital business model possibilities?
What aspect of the e-business strategy is critical for successful revenue generation?
What aspect of the e-business strategy is critical for successful revenue generation?
Which of the following is part of the situation analysis for e-business strategies?
Which of the following is part of the situation analysis for e-business strategies?
What role does assessing opportunity risks play in the digital business model?
What role does assessing opportunity risks play in the digital business model?
What is a common pitfall that e-business strategies should avoid during execution?
What is a common pitfall that e-business strategies should avoid during execution?
Which element is considered part of the customer opportunity screening process?
Which element is considered part of the customer opportunity screening process?
What does the phrase 'right processes and people involved' imply in an e-business strategy?
What does the phrase 'right processes and people involved' imply in an e-business strategy?
Flashcards
Knowledge
Knowledge
Remembering facts, terms, concepts, and answers learned previously.
Comprehension
Comprehension
Demonstrating understanding of facts and ideas by organizing, comparing, translating, or interpreting.
Application
Application
Using new knowledge to solve problems in different situations.
Analysis
Analysis
Signup and view all the flashcards
Synthesis
Synthesis
Signup and view all the flashcards
Evaluation
Evaluation
Signup and view all the flashcards
Creating
Creating
Signup and view all the flashcards
Understanding
Understanding
Signup and view all the flashcards
User-Centered Design (UCD)
User-Centered Design (UCD)
Signup and view all the flashcards
Usability
Usability
Signup and view all the flashcards
Effectiveness
Effectiveness
Signup and view all the flashcards
Emotional Value
Emotional Value
Signup and view all the flashcards
User Analysis
User Analysis
Signup and view all the flashcards
User Involvement
User Involvement
Signup and view all the flashcards
First Design
First Design
Signup and view all the flashcards
Final Version
Final Version
Signup and view all the flashcards
Constant response to environmental changes
Constant response to environmental changes
Signup and view all the flashcards
Digital business transformation
Digital business transformation
Signup and view all the flashcards
Ward and Peppard's framework
Ward and Peppard's framework
Signup and view all the flashcards
IS/IT dependency
IS/IT dependency
Signup and view all the flashcards
IT/IS potential
IT/IS potential
Signup and view all the flashcards
Role of IT for future opportunity and competition
Role of IT for future opportunity and competition
Signup and view all the flashcards
Supply Chain Management
Supply Chain Management
Signup and view all the flashcards
Aligning all supply activities
Aligning all supply activities
Signup and view all the flashcards
E-business Strategies Framework
E-business Strategies Framework
Signup and view all the flashcards
Value Proposition
Value Proposition
Signup and view all the flashcards
Customer Relationships
Customer Relationships
Signup and view all the flashcards
Key Resources
Key Resources
Signup and view all the flashcards
Key Activities
Key Activities
Signup and view all the flashcards
Channels
Channels
Signup and view all the flashcards
Cost Structure
Cost Structure
Signup and view all the flashcards
Revenue Streams
Revenue Streams
Signup and view all the flashcards
Assessing Digital Opportunity
Assessing Digital Opportunity
Signup and view all the flashcards
Environmental Scan
Environmental Scan
Signup and view all the flashcards
Quality of OVP
Quality of OVP
Signup and view all the flashcards
E-business Infrastructure Layers
E-business Infrastructure Layers
Signup and view all the flashcards
Service Applications
Service Applications
Signup and view all the flashcards
Data Processing in E-business
Data Processing in E-business
Signup and view all the flashcards
Connectivity & Interaction
Connectivity & Interaction
Signup and view all the flashcards
Customer Value Proposition (CVP)
Customer Value Proposition (CVP)
Signup and view all the flashcards
Online Value Proposition (OVP)
Online Value Proposition (OVP)
Signup and view all the flashcards
Uniqueness of the Concept
Uniqueness of the Concept
Signup and view all the flashcards
Innovative Character of the Concept
Innovative Character of the Concept
Signup and view all the flashcards
Absolute Performance of Execution
Absolute Performance of Execution
Signup and view all the flashcards
Attractiveness of the Concept
Attractiveness of the Concept
Signup and view all the flashcards
Reassurance Behind the Concept
Reassurance Behind the Concept
Signup and view all the flashcards
Technological Infrastructure
Technological Infrastructure
Signup and view all the flashcards
Study Notes
Digital Marketing
- Digital marketing encompasses various aspects of a company's digital presence, including procurement and commerce, all stemming from digital business strategy.
Digital Marketing Modalities/Techniques
- Search marketing: SEO, Paid search, PPC (pay-per-click), paid for inclusion feeds.
- Online PR: Publisher outreach, community participation, media alerting, brand protection.
- Online partnerships: Affiliate marketing, sponsorship, co-branding, link-building, widget marketing.
- Offline communications: Direct mail, exhibitions, merchandising, packaging, word-of-mouth.
- Advertising: various forms of advertisement including interactive ads, site-specific media buys, ad networks.
- Online PR: Publisher outreach, community participation, media alerting, brand protection.
- Interactive ads: site-specific media buys, ad networks, contra-deals, sponsorship, behavioral targeting.
- Opt-in emails: Audience participation, house lists, managing social presence, cold (rented lists), viral campaigns.
Conversion(C)
- Create better content.
- Create an irresistible proposition.
- Content focused on usability, design, layout, accessibility, navigation, service and support.
Retention(R)
- Redevelop proposition (re)develop/maintain (outbound) communications.
- Handle previous issues and loyalty programs.
Situation Analysis
- Analyze the current situation internally and externally to assess current customer demands, operational processes, digital solutions, and alternative digital solutions.
Objectives
- Define concrete goals, including customer acquisition, satisfaction and engagement.
Strategy
- Outline methods for achieving digital business objectives, including customer acquisition, customer satisfaction enhancements and engagement via new tools.
Tactics
- Specific actions to meet objectives, such as customer acquisition, via segmentation and new social networks, or customer satisfaction, via interactive content systems, or exploring new low-cost products still profitable via long tail concepts
Actions
- Detailed managerial plans on responsibility, tasks, and timelines (e.g., RACI matrix) are needed. New organizational structures may also be created.
Controls
- Track progress and measure success against the defined, concrete objectives.
- Use traditional market research, client satisfaction scores and website analytics to ensure ongoing success.
Digitizing Processes/Systems, Customer Experience & Service design
- Understand customer requirements.
- Analyze present processes and customer needs.
- Evaluate current digital solutions and offer alternatives.
- The design should be centered on the user.
User-Centred Design
- Emphasize ease of use.
- Ensure product/service functionality aligns with user needs and expectations.
Supply Chain Management (SCM)
- Aligning all supply activities, from suppliers to customers delivering services/products.
- Optimizing material flows and information flows in company operations with a focus on minimizing costs.
Procurement and E-Procurement
- E-procurement is about cost control, cost reduction, process improvement, performance gains, and effective supplier management.
- Market share pressures create a need for efficient and smart SCM techniques for profit.
E-Business Strategy
- SBM4C framework's objective is to provide students with the skills to identify and critically evaluate key decisions to enhance their organizations' digital presence and efficiency.
- Includes an in-depth understanding of the process of digital business development.
E-Business Adoption
- Analyze drivers and barriers to the adoption of digital business initiatives.
- Understand consumer digital adoption barriers (such as costs, failing skills in operations, perceived lack of benefits and failing trust).
- Understand the stages that digital adaptation goes through, and how successful strategies are built on top of these (hype cycle stages).
Situational Analysis — Environmental Scan
- A macro and micro analysis of the business environment to identify opportunities and threats.
- Micro-environment factors include the organisation, society, and the country specific economic, legal, and cultural factors.
Digital Business Strategy
-
Define long-term direction and scope.
-
Identify appropriate activities and resources.
-
Adapt to the changing environment and fulfill market needs.
-
Digital Strategy is to enhance business processes through digital advancements and improve profitability.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz covers key concepts of e-business infrastructure and User Centered Design (UCD). Explore factors influencing Online Value Propositions, service quality, and customer experience. Test your knowledge on the principles guiding effective design practices in a digital environment.