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    Electronic Markets: Business Model

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    mohammed
    The design of an electronic commerce system usually begins with creating a business model. However, stakeholders often interpret business model concepts differently, leading to obstacles in achieving business-IT alignment. An ontology can help by providing an agreed-upon conceptualization of an e-business model. The ontology can then be used to precisely describe specific business models by instantiating ontology concepts and relations. The ontology should represent common business issues like value creation and exchange in a network environment. It should also show what business decisions need to be made when developing a business model. This helps ensure the model provides clear business requirements for the electronic commerce system.

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    Electronic Markets: Business Model

    Uploaded by

    mohammed
    17 views3 pages
    The design of an electronic commerce system usually begins with creating a business model. However, stakeholders often interpret business model concepts differently, leading to obstacles in achieving business-IT alignment. An ontology can help by providing an agreed-upon conceptualization of an e-business model. The ontology can then be used to precisely describe specific business models by instantiating ontology concepts and relations. The ontology should represent common business issues like value creation and exchange in a network environment. It should also show what business decisions need to be made when developing a business model. This helps ensure the model provides clear business requirements for the electronic commerce system.

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    The design of an electronic commerce system usually begins with creating a business model. However, stakeholders often interpret business model concepts differently, leading to obstacles in achieving business-IT alignment. An ontology can help by providing an agreed-upon conceptualization of an e-business model. The ontology can then be used to precisely describe specific business models by instantiating ontology concepts and relations. The ontology should represent common business issues like value creation and exchange in a network environment. It should also show what business decisions need to be made when developing a business model. This helps ensure the model provides clear business requirements for the electronic commerce system.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    17 views3 pages

    Electronic Markets: Business Model

    Uploaded by

    mohammed
    The design of an electronic commerce system usually begins with creating a business model. However, stakeholders often interpret business model concepts differently, leading to obstacles in achieving business-IT alignment. An ontology can help by providing an agreed-upon conceptualization of an e-business model. The ontology can then be used to precisely describe specific business models by instantiating ontology concepts and relations. The ontology should represent common business issues like value creation and exchange in a network environment. It should also show what business decisions need to be made when developing a business model. This helps ensure the model provides clear business requirements for the electronic commerce system.

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    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    of 3

    Electronic markets: Business Model

    *summary

    E-commerce has changed from traditional commercial behavior to developing commerce to


    become online in order to facilitate business operations, reduce costs and increase profits. It is
    now common to see trade between companies (B2B), business between consumers (B2C)and
    trade from consumer to consumer(C2C), and this made it easier for merchants and consumers
    .to exchange benefits between them

    And The design of an electronic commerce system usually starts with the creation of a business
    model. In most cases, such a business model is written down with some informal sketches for
    natural language. The concepts and their interpretations used to describe a business model vary
    across different stakeholders, and this leads to significant obstacles in e-commerce applications
    to achieving business-IT alignment. Given the facilitating role of IT in e-commerce, this question
    of consistency is no longer just an engineering issue: it has a strategic significance. Thus, an
    ontology is useful when developing a business model to prescribe and principles and
    relationships must be present in a business model, In this case, an ontology should provide a
    reusable conceptualization of the concept of e-business model that people can agree on. The
    ontology can also be used to describe specific business model in a precise and structured
    manner by specializing and instantiating concepts and relations of ontology for a particular case.
    In the current context, we are primarily interested in ways of improving contact between
    different stakeholders, i.e. in common understanding rather than automatic reasoning. Thus,
    our current goal is to build a so-called' lightweight' ontology[17]. In addition, an ontology
    business model shows designers what kind of decisions should be taken During development of
    business model. If stakeholders agree on a par-specific business model, a number of business
    decisions have been made so that the model serves as a precise set of business requirements for
    the system of electronic commerce. To software engineers who design the electronic commerce
    system from a technical point of view, these criteria are important. Ontology to e-business
    models must be able to represent a variety of business issues. Such problems center around the
    common value definition and how to build and share it in a network environment, and this is our
    main proposal. Informally, a business model illustrates a network of actors and how they
    construct it.Or consume valuables. These actors may be private individuals, corporations or
    business alliances. In fact, a business model reflects the services provided by and demanded
    from the actors. If an individual is willing to exchange value objects (e.g., the right to listen to a
    music track) for another value object (e.g. money) it should be able to represent. A business
    model also illustrates which players are able to have economic transactions with other actors. If
    actors offer each other objects of value in which both have a mutual interest, a transaction is
    possible. Finally, actors must conduct value-creating activities; for other actors, or even for
    themselves. Information technology (IT) has long been applied to support inter-agency exchange
    of goods, services, and information. However, with the advent of electronic electronic markets
    based on the Internet business-to-business (B2B), real opportunities for online transactions have
    opened up. This paper develops an extended framework for the study of B2B electronic market
    .business models in terms of their roles
    Works Cited

    [1] H. Vliet, What's in an Electronic Business Model?, Amsterdam: Univesity of Amsterdam,


    2000/10/02.

    [2] D.-N. Chen, An agent-based model for consumer-to-business electronic commerce, Elsevier,
    January 2008.

    [3] R. J. Kauffman, Business Models for Internet-Based B2B Electronic Markets, 23 Dec 2014.

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