Volvo Event

Running head: E-BUSINESS MODEL VENN DIAGRAM 1

E-Business Model Venn Diagram

MJ Meade

Technology Application and e-Marketing/MKY/552

March 5, 2012

Professor Howard Kersey

E-BUSINESS MODEL VENN DIAGRAM 2

Business

Model

E-BUSINESS MODEL VENN DIAGRAM 3

The e-Business model, or framework, explains how a business operates, how it offers a product or service, how it creates revenue and how it constructs and adjusts to new markets and technologies. The e-Business model has four long-established components as displayed in the above diagram. In a flourishing business the business model components work in sync in a cooperative and supportive method.

The e-business concept explains the validation of the business, goals, vision, and product or offerings from which it will net profits. The success of the model is based on the market analysis which pinpoints what consumers are likely to purchase the product and the amount they are willing to pay.

Diagram Key

Business Model- Is the framework in which business strategy is applied and leads to the development of business processes (Osterwalder & Pigneur, 2002).

Value proposition- Illustrates the value the company will provide to customers and others. Benefits the customer or end users with unique resources provided and market segment to which products or services are offered.

Online offering- Is the scope, products, processes, and relationship of online components.

Resource system- Is the financial resources, technology available, and support systems employed in the e-Business processes.

Revenue models-The manner or ways in which the e-Business intends to make money from the online system (Zinovy, 2005).

E-BUSINESS MODEL VENN DIAGRAM 4

References

Osterwalder, A. &