The Porter’s value chain model was developed by Michael Porter in 1985 to depict how customer value accumulates along a chain of activities that lead to an end product or service. The value chain model serves as a basic tool for diagnosing competitive advantage and finding ways to enhance. It identifies technologically and economically distinct … Read more
Industry Value Chains The industry value chains are composed of all the value-creating activities within the industry ending with the completed product delivered to the customer. The value chain of an industry starts with the raw material manufacturer and finishes with the delivery of the final product to the customer. The key to analyzing the … Read more
Computer security is the protection of assets from unauthorized access, use, alteration, or destruction. Computer security is generally classified into three categories:- Secrecy \ confidentiality Integrity Necessity Secrecy \ confidentiality Secrecy refers to protecting against unauthorized data disclosure and ensuring the authenticity of the data’s source. The main objective of computer security is to … Read more
Inter-organizational Transaction e-commerce refers to the full spectrum of e-commerce that can occur between two organizations. It is the e-commerce between businesses i.e. the businesses focus on selling to other businesses in the B2B e-commerce. Companies are now mutually buying and selling products and services on the internet. The term was coined and first employed by … Read more
EDI standards implemented:- Before using EDI, the trading partners must set up a trade agreement that will define all the parameters of EDI. Each partner in an EDI trade agreement must independently determine a method to translate internal data to and from EDI formatted messages. Each partner must agree on the communications media and arrange … Read more
Information society refers to a society in which the creation, distribution, and manipulation of information have become the most significant economic and cultural activity. It is a society characterized by rapid growth in the use of information- a society in which quality of life and economic development depends largely on information and its exploitation, the … Read more
Variety of Transaction in Inter-Organizational:- Inter-organizational Transaction e-commerce refers to the full spectrum of e-commerce that can occur between two organizations. It is the e-commerce between businesses i.e. the businesses focus on selling to other businesses in the B2B e-commerce. The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California … Read more
Phases in Electronic Payment System:- “Electronic payment is a form of a financial exchanger that take place between the buyer and the seller facilitated by means of electronic communications. Electronic payment is a financial exchange that takes place in an online environment.” An electronic payment typically involves the following phases:- Registration:- This phase involves the … Read more
B2B E-commerce:- Business-to-business (B2B) e-commerce is the largest form of e-commerce. It is e-commerce between two organizations. It is also known as e-business and is experiencing an explosive growth rate on the internet. Companies are now mutually buying and selling products and services on the internet. is the sale of goods or services between businesses … Read more
Benefits of Electronic Payment System:- “Electronic payment is a form of a financial exchanger that take place between the buyer and the seller facilitated by means of electronic communications. Electronic payment is a financial exchange that takes place in an online environment.” Benefits of Electronic Payment System:- Following are the benefits of an E-Payment System:- Processing … Read more