Weekly Questions: Week Four Questions: eBusiness

Chapter Three Questions

   1.      What is an IP Address?  What is it’s main function?

 IP and TCP is a unique address that lays out the rules to enable data to move around the internet - its main function is for data to travel through as basic communication.
I.P means Internet Protocol - Data transferred. Every computers IP address is unique and used across networks. Webb Add + I.P.

2.      What is Web 2.0, how does it differ from 1.0?

Web 2.0 referred to as the "Live Web" It is used to collaborate and build user content and enables businesses to seek new opportunities and upgrades. Web2.0 is used on social networks to collaborate, edit and create. This is done through Tag's creating metadata, Blogs, RSS receiving feeds from websites as requested, and Wiki where information posted to maintain/manage/share knowledge. Web1.0 was a simple method used to link text over the internet now the web is linking people too. Web1.0 is one way internet and has no user participation - "One way push of info"

3.      What is Web 3.0?

Is a term used to describe the evolution of Web usage and interaction among separate paths - using metadata to build intel. It encompasses the following: Transforming the web into a database, An evolutionary path to artificial intelligence, Search for information using different medias and Evolution toward 3D. Web3.0 used to search relative data and lead to A.I on the web. It is the use of a lot of data through I.P addresses.

4.  What is eBusiness, how does it differ from eCommerce?

E-Business is derived from E-Commerce and is the conducting of business on the internet and the running the business as a whole - including serving customers and collaborating with business partners - E-Commerce is basically the buying and selling of goods and services over the internet. E-Business is much more in depth it refers to online exchanges of information e.g online banking customers can view their accounts.

5. What is pure and partial eCommerce

Pure E-Commerce is the exchange of digital services with no physical goods. Partial E-Commerce is the physical aspects for example online shopping sites including distribution, packaging and support. On Porters Value Chain as E-Commerce increase so does Business.

6.  List and describe the various eBusiness models?

 eBusiness transactions take place between Buinesses and Consumers - these activities happen between two types of business relationships 1) Exchange of Products & Services between businesses B2B and 2) Exchange of Products & Services with consumers B2C.

B2B; Is the most common model and applies to businesses buying and selling to eachother over the internet through  online access to data e.g ETA etc this enables businesses to have a central market from multiple buyers and sellers and create new sales channels - Their main goal is to increase market efficiency between buyers and sellers - mostly using extranets (individual companies intranets connected together) with VPN.

B2C; 

The main difference between the B2B and B2C is the customers. B2B= customers/businesses and B2C= markets to consumers. B2B relations are more complex and is the dominate business force with 80% of online businesses.

http://www.prudens.com/patens/ebusiness/busmodel.html

7. List and describe the major B2B models?


1) Established Buyer-Supplier Relationship

This is a pre-determined one-to-one relationship between a buyer and supplier that is supported by electronic commerce technologies. Due to the aforementioned limitations associated with EDI, companies have now turned their attention towards the Internet to support these types of buyer-supplier relationships. 
2) Supplier-Oriented Marketplace
In this model, both organizations and consumers use the supplier-provided marketplace. This is the most common type of B2B model. In this model, both business buyers and individual consumers use the same supplier-provided marketplace.
3) Buyer-Oriented Marketplace
Under this model, a buyer opens an electronic market on its own server and invites potential suppliers to bid on the announced Requests for Quotation (RFQs).
4) Business-to-Business Intermediary

This model is sometimes referred to as a ‘hub’ or ‘exchange’. It is established by an electronic intermediary that runs a marketplace where suppliers and buyers have a central point to come together. These B2B hubs tend to focus mainly on non-core items that may range from stationery and computers to catering services and travel. There are two types of hubs:
    •    Vertical - focus on an industry and provide content that is specific to the industry’s value system of buyers and suppliers.
    •    Horizontal - provide the same function for a variety of industries. 
http://e-articles.info/e/a/title/Models-of-B2B-Commerce/


Electronic marketplaces and e-marketplaces.

8. Outline 2 opportunities and 2 challenges faced by companies doing business online?

 Opportunities:

1) 24 hour service.

2)No retail sellers (cut out the middle man)

Challenges:

1)Negative feedback/review from minority of consumers - lead to bad reputation.

2) Correctly trained staff.