Information technology has created a seismic shift in
the way companies do business. Just knowing the
importance and structure of e-business is not enough. You need to create and implement an action plan that allows you to make the transition from an old business design to a new e-business design. Resulting a plan; that is an action statement of necessary actions to achieve our goal 1) Team building, modeling and consensus
2) Evaluating what an organization has accomplished and the resources they have acquired
3) Analyzing their business, economic, political and societal environments 4) Anticipating and evaluating the impact of future developments
5) Building a shared vision and deciding on what goals they want to achieve
6) Deciding what actions to take to achieve their goals Definition: Development of an organizations mission, goals, strategies, and policies
Strategic Business Visioning Understand the customer Customer value Competition Value chain Porters 5 Forces Analysis Value Chain Analysis
Scenario Approach SWOT Analysis
Strategic Positioning Matrix Strategic Opportunities Matrix 9 New Entrants Buyers Suppliers Substitutes Intensity of Rivalry Bargaining Power of Suppliers Bargaining Power of Buyers Threat of Substitutes Threat of New Entrants Richard Johnson Definition: View of a firm as a series, chain, or network of basic activities that add value to its products and services, and thus add a margin of value both to the firm and its customers.
Definition: Teams of managers and other planners participate in a virtual world exercises to create, experience, and evaluate a variety of scenarios of what might be happening, or what might happen in the future. Strengths core competencies Weaknesses substandard business performance Opportunities potential for new markets or innovative breakthroughs Threats potential for losses posed by competitive forces
SWOT analysis is used to evaluate the impact that each possible strategic opportunity can have on a company and its use of information technology Help a company optimize the strategic impact of Internet technologies for electronic business and commerce application Helps to evaluate the strategic risk and payoff potential of proposed business-IT opportunities Strategic Opportunities Matrix