Assess of the strategies and processes as compared to traditional Essay

Assess of the strategies and processes as compared to traditional bricks and mortar businesses - Essay Example Soon telecommuting will not only become more common, but its essence will change. Today, most telecommuters do tasks that do not require a physical presence at the office-writing or analysis. E-mail and phone provide some interaction with colleagues, but most of the remote work is solitary. In the future, videoconferencing, electronic collaboration on documents, and the integration of the phone and PC will create a telepresence at the office that is impossible today for home workers. These technologies are already removing geography as a barrier to work.This excerpt from the book makes us understand the real scale of change that is happening around us in the way in which business is going to be done in future. The ways in which people think, act and decide are going to change. These changes are also obvious in the way in which the business operations are carried out. The business processes that are required to carry out the everyday operations in a business are changing rapidly acros s the world. Hence, this essay is written to understand the differences between the traditional business models and the e-businesses with respect to the various activities such as the marketing, procurement, payment systems, security, logistics and supply chain management are discussed in this paper. The objective of this analysis is to understand better the way in which internet has changed business operations and for this purpose, www.amazon.com is selected for analysis. REVIEW OF LITERATURE To compare and contrast the business models in the real world and the virtual world, first we have to understand what a business model is. According to Magali Dubosson-Torbay2 and other fellow researchers, business model means the architecture of a firm and its network of partners for creating, marketing and delivering value and relationship capital to one or several segments of customers in order to generate profitable and sustainable revenue streams. The eBusiness Model framework suggested by them is therefore divided into four principal components. (1) The products and services a firm offers, representing a substantial value to a target customer (value proposition), and for which he is willing to pay. (2) The relationship capital the firm creates and maintains with the customer, in order to satisfy him and to generate sustainable revenues. (3) The infrastructure and the network of partners that are necessary in order to create value and to maintain a good customer relationship. And last, but not least, (4) the financial aspects that can be found throughout the three former components, such as cost and revenue structures. Hence, the authors mention that, it is important that business organizations that are operating in the internet should concentrate on the aspects such as product innovation, customer relationship, infrastructure management and financial aspects. When a business is considering to adopt a business model it has to consider the following aspects which are mentioned by Tapscott3, et al, that The user role : How is the client or the prospect is considered by the company As a client or as a provider of a product / service that other clients may want to buy from, or as a participant to whom nothing is sold but information or services are offered against information about the participant - Interaction pattern : Is the service provided by one or many people / companies to one or many people / companies - Nature of the offerings : Is the company offering information, services or products to its visitors In some cases, the company but is giving away its content for free against information gathering and/or is getting money from ads. Another option could be that the