This paper presents a Strategic e-Business Framework to define, execute and review e-business strategies. This framework provides a holistic approach for e-business strategy formulation and implementation.
- Explains the development and implementation of the framework
- Describes the adopted methodology to develop the framework,
- Provides a review of different relevant approaches for e-business strategy formulation
- Gives a detailed description of the framework and evaluates its capability
- Recommends implementation consideration
An e-business strategy enables an organization maximize benefit from their investments in internet and related technologies. The lack of a clearly defined e-business strategy may result in the following problems:
- Missed opportunities or insufficient resourcing of e-business initiatives
- Inappropriate direction in e-business development without clearly defined objectives
- Limited integration resulting in “silos” of information in different systems
- Resource wastage due to duplication and limited sharing of best practice across initiatives
It is important for all organizations to define an appropriate e-business strategy to guide its e-business implementation and support the overall corporate strategy. It is important to consider a holistic approach for e-business implementation, however, available approaches are ‘reactive’ and lack a long-term vision or strategy. This e-Strategy Framework bridges these gaps.