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The must-read summary of Peter Keen and Mark McDonald's book: "The E-process Edge: Creating Customer Value and Business Wealth in the Internet Era".
This complete summary of the ideas from Peter Keen and Mark McDonald's book "The E-process Edge" shows how in order to succeed, an internet business must address three crucial issues: how to establish a good enough relationship for repeat business, how to apply competencies in the business to serve the customer and how to use the power of every network available. In their book, the authors analyse good e-processes and how you can implement them. This summary is a must-read for anyone who wants to develop the best strategy to ensure business success on the internet.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "The E-process Edge" and discover the key to business success on the internet and how to stay ahead of the competition.
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Seitenzahl: 32
Veröffentlichungsjahr: 2014
Book Presentation:The eProcess Edgeby Peter Keen and Mark McDonald
Book Abstract
About the Author
Important Note About This Ebook
Summary ofThe eProcess Edge(Peter Keen and Mark McDonald)
1. Relationship Building The core business challenge is to build and enhance relationships – with customers and value network partners.
2. Capability Sourcing New eCommerce capabilities which take advantage of all available technologies must be added.
3. New Process Design eProcesses which transform the company’s operations and economics will be required.
Embed process rules in interface
Out-task processes electronically
In-source new capabilities
Handle process exceptions well
Book Abstract
For an online business to succeed, it must address three critical issues:
How the relationship with the customer will be established and then strengthened – so as to generate repeat business.How internal capabilities and competencies are sourced and applied in serving the customer.How the power of the broader value network available to the organization is harnessed.Business processes embody how these issues are addressed. In essence, processes define how the work gets done and how the relationship with the customer will work. An eProcess is simply the eCommerce equivalent of a normal business process. The difference between the two lies in the fact traditional processes concentrate on inputs-processes-outputs whereas eProcesses are more rule-based since an entire value network is being accessed.
eProcess is primarily a matter of prioritizing and then sourcing electronic processes, using a combination of:
Software which converts what used to be done by people into an interaction at your Web site.Electronic links to partners, allowing you to out-task functions or in-source new capabilities.People and software tools that allow you to handle service exceptions very well.In short, long-term profitability requires eProcess excellence.
About the Author
PETER KEEN is founder and chairman of Keen Innovations, an information technology consultancy firm. Mr. Keen has also served on the faculties of Harvard, MIT and Stanford universities. He is the author of a number of books and articles, including The Process Edge: Creating Value Where It Counts and his Web site is located athttp://www.peterkeen.com.
MARK McDONALD is an associate partner and director of Andersen Consulting’s Center for Process Excellence. He is a widely published author of articles on Internet business development and an experienced public speaker. Mr. McDonald has been with Andersen Consulting for more than 11 years.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
1. Relationship Building The core business challenge is to build and enhance relationships – with customers and value network partners.
The ultimate success of any eCommerce business will be determined primarily by its ability to create and strengthen relationships with customers and its partners in the value network. In short, for eCommerce companies, there is a direct link between building successful relationships and long-term profitability.
Building relationships is eCommerce’s core business activity. Yet, building successful online relationships is difficult. It takes much more than marketing, more than simply generating transactions.
Instead, successful relationships have varying degrees of:
Touch – the degree of interaction between the parties.Texture – the richness of the information exchanged.In value networks, relationships come in four basic varieties:
Since the greatest business value is created by collaborative relationships, eProcesses focus on moving all other types of online relationships towards that ideal, both with partners in the value network and with customers.
