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The
Issue
According
to Forrester Research, online business-to-business transactions
are expected to reach $327 billion a year by the end of 2002.
Most organizations know about the web and have taken steps
to be part of the E-business marketplace, but at what price
and to what degree are they being successful? Organizations
must not only survive E-business initiatives, but they must
also benefit from substantial cost savings and improved lines
of business/market-share.
To
accomplish this, organizations must strive to understand and
deal with E-business Technology by asking the following questions:
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What
is E-business Technology? |
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Is
E-business Technology right for the organization? |
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How
does the organization get involved with E-business Technology?
|
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What
is an effective strategy for the organization? |
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How
is the strategy implemented? |
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How
is a winning solution measured and maintained? |
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How
are our financial systems affected and integrated? |
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How
are corporate savings increased? |
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How
is productivity increased? |
E-business
Technology goes beyond providing corporate websites and product
offerings; it also delves into improving productivity gains,
promoting the organization and its products, creating new
lines of business and promoting corporate growth. In electronic
commerce, technology and business have become inseparable.
E-business
Technology encompasses:
| 1. |
E-marketing
- website, e-mail, banners, site usage reporting, newsletters,
customer accounts, product listings, |
| 2. |
E-business - merchandising, corporate knowledge,
supplier accounts. |
| 3. |
E-commerce
- self-service data access, and the delivery of business
intelligence. |
| 4. |
Collaborative
enterprise - an organization that establishes a close
partnership between its stakeholders, employees, customers,
and suppliers. |
| 5. |
Technology
Leveraging - an approach to minimize the distance
between its business and its partners to automate transaction
processing, strengthen relationships and reduce costs.
|
| 6. |
Document
Management - a shift from modeling, recording, managing,
and maintaining fundamental business processes in paper
document form. |
| 7. |
Online
storefronts and Web-based order entry - online ordering,
shopping carts, the reach of sales systems to millions
of Internet consumers and business markets. |
| 8. |
Self-service
applications, providing employees and business partners
with easier access to information access and enhances
customer service. |
The
Solution
E-business
Technology has revolutionized traditional business processes
and laid the foundation for making employees more productive
by allowing software to perform tasks best suited for electronic
business so that employees can focus on tasks better performed
manually. E-business Technology provides the organization
with the ability to:
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Distribute
business information and documents electronically |
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Participate
in business process workflows electronically |
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Deliver
information on-demand and proactively, rather than reactively
|
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Rely
on systematized business knowledge |
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Reduce
human interaction to handling information exceptions rather
than overload |
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Provide
electronic transaction workflows that cost less to process
than paper-based workflows. This can add up to huge savings
in a high-volume transaction processing business. |
The
Harrington Institute E-business Technology Approach
Knowing
that businesses that take advantage of the Internet are enjoying
more success can create more questions than answers and lead
to E-business Technology strategies that do not obtain the
most effective results. The difficulty lies in knowing where
to start, what the key success factors are, and how success
will be measured and maintained.
The
Harrington Institute is ready to support organizations in
their E-business endeavors, whether this is in developing
new E-business Technology or overhauling existing strategies
and initiatives. Partnering with organizations, learning their
business and providing continuous improvement in these endeavors
the Harrington Institute takes a pragmatic and structured
approach in providing E-business Technology solutions. The
Harrington Institute will:
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Learn
who and what you are, |
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What
market places you wish to reach, |
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Listen
to your goals and ideas, |
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Brainstorm
with you to generate tailored E-business solutions and
approaches, |
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Present
realistic and pragmatic strategies, |
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Install
and Implement selected solutions, |
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Provide
monitoring tool and methods to measure success, |
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Measure
the impact on the organization, and |
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Provide
ongoing improvement strategies |
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The
Harrington Institute employs a structured approach to
develop your E-business Technology solutions. You'll know
what is going to be done, when it will be finished, what
you have to do, and what it will cost in advance. There
will be no surprises and no vague terminology. By mapping
out every step with cost, technology, dates, strategies,
responsibilities and expectations, the organization will
be fully aware of what to expect and what the end result
will be at every milestone. |
By
partnering with top industry professionals, the Harrington
Institute keeps abreast of new techniques and technologies,
so that we may align them with your business, giving you a
competitive edge.
A
company's financial management system is one of the most important
and, surprisingly, the most overlooked aspect of E-business
Technology strategies. The Harrington Institute ensures that,
with these new E-business strategies and implementations,
the organizations financial systems are aligned and prepared
for the onslaught of electronic transactions.
The Harrington Institute is always concerned with the change
and effect the new E-business solutions will have on the organization.
We will ensure that proper change management plans are developed
and executed.
Although
E-business Technology implementation will have a positive
effect on the organization, the implementation must be monitored
to measure the effect and ensure continuous improvement. The
Harrington Institute will provide the tools and templates
to monitor the implemented E-business Technology impact and
benefits and provide ongoing re-alignment strategies to ensure
the organization realizes the best possible benefits from
their E-business Technology initiative.
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