Elements and Performance Criteria
- Analyse the external e-business environment
- The extent of e-business and its applications are identified
- The current or likely effect of e-business on key sectors of the economy which impact on the business, is evaluated
- The impact of e-business in the business' industry sector is researched and evaluated
- A competitive analysis of existing and potential competitors and allies in e-business is undertaken
- The likely impact of embracing e-business solutions is estimated for the business using valid and reliable information sources
- The potential impact of foreign and domestic government legislation is evaluated
- Analyse the business' capabilities in relation to e-business
- The business' existing resources and core competencies are evaluated to identify competitive advantage
- Value chain analysis is completed across the organisation to identify processes and relationships that may benefit from the adoption of e-business solutions
- Threats and opportunities for the business related to the introduction of e-business solutions are identified
- Implications for the value chain of adopting e-business solutions are assessed
- Risks and obstacles in implementing e-business solutions are evaluated and ways to deal with them identified
- Resource analysis is conducted to identify cost and revenue implications in developing opportunities
- Evaluate e-business opportunities
- New capabilities provided by the Internet and other forms of e-business are identified through research and consultation and possible changes to the business and its culture are evaluated
- New e-business opportunities are identified and evaluated in terms of their compatibility with business goals and direction and their likely contribution to the business
- Legal and ethical issues relating to e-business opportunities are identified and evaluated
- The impact of the international nature of e-business is evaluated for each business opportunity
- The viability of making changes to current operations to take advantage of e-business opportunities is determined through cost-benefit analysis
- Timeframes required for implementation are evaluated for e-business opportunities