Get the free e business value matrix

1 we term this an e-commerce value matrix ECVM. Each cell is labeled an e-service which identi es the underlying interconnectivity of the B2C activities and IT functions. Each e-service extracted from the ECVM is an opportunity to add value for customers. A business can thus create competitive advantage by utilizing differentiated e-services to support EC strategies. 3. The goal-driven methodology Developing a B2C application requires participation of stakeholders both inside and outside...

How to fill out e business value matrix

How to fill out e business value matrix?

1. Identify the key business processes: Start by identifying the key business processes within your organization. This can include sales, marketing, supply chain management, customer service, etc.
2. Determine the value drivers: Once you have identified the key business processes, determine the value drivers for each process. These value drivers are the factors that contribute to the success and profitability of the process. For example, in the sales process, the value drivers may include customer acquisition, conversion rates, average revenue per customer, etc.
3. Assess the current performance: Evaluate the current performance of each value driver. This can be done by collecting and analyzing relevant data. For example, if one of the value drivers is customer acquisition, you can assess the number of new customers acquired within a specific period.
4. Set performance benchmarks: Set performance benchmarks for each value driver. These benchmarks represent the desired level of performance that you want to achieve. They can be based on industry standards, best practices, or internal goals. For example, if the industry average for customer acquisition is 10%, you may set a benchmark of 15%.
5. Analyze the gaps: Compare the current performance with the desired benchmarks to identify any gaps. These gaps represent areas where improvements are needed. For example, if the current customer acquisition rate is 8%, there is a gap of 7% (15% - 8%) that needs to be addressed.

Who needs e business value matrix?

1. Organizations undergoing digital transformation: Companies that are in the process of digital transformation can benefit from using the e business value matrix. It helps them to assess the impact of digital technologies on their business processes and identify areas where they can create value.
2. Business leaders and managers: Business leaders and managers can use the e business value matrix to make data-driven decisions. It provides them with insights into the performance of different business processes and helps them prioritize areas for improvement.
3. Consultants and analysts: Consultants and analysts can utilize the e business value matrix to assess the performance of their clients' businesses and provide recommendations for improvement. It serves as a framework to analyze and communicate the value created by digital technologies.

Overall, the e business value matrix is a valuable tool for organizations and professionals who want to evaluate and improve the performance of their business processes in the digital age.

Instructions and Help about e business value matrix

Hi my name is Matt Armstrong and welcome to ii business strategies this is a skill at VA workshop brought to you by Germanic community college in partnership with fret exchange focused one business strategies business is using technology to improve your business processes that's both internal processes and external processes managing internal processes such as Human Resources finances accounting etc and external processes such as customer relationships the supplying goods and services and sales and marketing I want to contrast business versus e-commerce business is really more about the activities and aspects of managing your business online whether through marketing or sales activities e-commerce on the other hand is more about the transaction of goods and services online the exchange of goods and services so when we talk about a business we're speaking more about developing creating a website to market your business using social media to build a network of customers and audience that you can interact with setting up email marketing campaigns to really drive customer engagement and get data to drive decision-making things like that whereas e-commerce is the exchange of goods and services using those tools in order to drive sales for the company so what I love about a business is whether you're an entrepreneur with an idea that you want to test and validate or you've maybe moved through the customer discovery process, and you have an MVP or your startup that's really moving through validation and trying to get investment maybe your small business that's been around for a while, and you're really trying to streamline the way that you do business and increase revenue business strategies provide a vehicle to achieve all of those goals so when we talk about business as it relates to building a brand and extending the reach of the brand online resources provide a way for us to really maximize those results whether it's building your audience or increasing revenue because you've created a new revenue stream business strategies provide that for us so when you're conducting e-business there's a host of tools that you can use some lower hanging ones are websites and mobile devices email fax Pas personal data assistants electronic data interchange all these tools go into the process of building an e-business strategy that will create the results that you want one of the things I love most about a business is that it greatly reduces the cost of many systems when you integrate tools with activities we talk about tools you can talk you know office apps such as Microsoft now we have versions of that online that make it much easier to share documents and files and increase productivity in the organization things like video conferencing and chat services like Skype and hangout and things like that increase our ability to do business with people that aren't in a physical setting but more of a virtual setting or across the world using tools like that drive email...

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What is e business value matrix?

The e business value matrix is a tool used to assess and quantify the value that a company's digital assets and online presence bring to its business operations.

Who is required to file e business value matrix?

The e business value matrix is typically required to be filed by companies that have a significant online presence and heavily rely on digital assets for their business operations.

How to fill out e business value matrix?

To fill out the e business value matrix, companies need to assess and quantify the value of their digital assets and online presence using various metrics and indicators such as website traffic, social media engagement, online sales, and customer data.

What is the purpose of e business value matrix?

The purpose of the e business value matrix is to provide companies with a clear understanding of the value that their digital assets and online presence generate, and to help them make informed decisions regarding their online strategies and investments.

What information must be reported on e business value matrix?

The e business value matrix typically requires companies to report various information such as website traffic statistics, social media engagement metrics, online sales revenue, and customer data analytics.