Venture Management:

E-Business

E-Ventures

Building and Managing e-Business Ventures

Before You Begin: Questions to Answer

• Why do you want to go online?

• What business do you want to be in?

• How will your online business add value to your customers?

• How should you align your offline and online business?

Major Issues Involved in Setting Up and Running an e-Venture

• Organizational Issues

  • Corporate inertia and resistance to change may underplay the need to develop an e-strategy

  • A common e-strategy may be hard to develop. To be effective and bridge the “Business-IT Divide”, it requires adoption of the modern Enterprise-wide Business Process Management (EBPM) approaches.

  • Lack of leadership and CEO’s involvement can kill the transformation effort.

  • The sales, finance and HRM force should develop a stake in e-business.

  • Coaching, training and continuous self-education is crucial in getting everyone on board.

• Technological Issues

  • When making your choice, remember: You shouldn’t outsource your competitive advantage!

  • Trade-off between quality and speed of technological adaptation.

  • Transition from 8/5 to 24/7 services to serve the online clients.

  • Challenge of “legacy system” integration within the enterprise.

  • Issues related to “opening up” and integrating with your suppliers and customers.

• External Issues: Managing Existing Partnerships

  • Hurdles in integrating heterogeneous hard-soft systems in different organizations.

  • Leadership, trust and co-innovation issues in managing inter-organizational processes.

  • Partnering with complementary service providers and customers.

  • The fear of loosing connectivity and competing with partners

Choice of Technology

The key to success in e-venture is not technology, but value addition and customer satisfaction. Technology should serve, not rule.

Qualities you should look for while selecting the appropriate technology:

• Scalability and maintainability of the project

• Possibility of customizations, personalization and localization

• Capability to integrate with existing business systems and processes

• Customer Relationship Management (CRM) and e-supply chain features

• Effective and easy content management

• Security

• Cost

e-Venture Opportunity: Paradigm Shift...

Build, Buy or Rent?...

Basic Guidelines...

Tips for Building a "Winner" Web Site...

Reducing IT Project Risk...