What are Internet Business models? Give examples of them. Outline how they might be used and their limitations.

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What are Internet Business models. Give examples of them. Outline how they might be used and their limitations.

The Internet can help companies create and capture profit in new ways by adding extra value to existing products and services or by providing the foundation for new products and services. The Internet Business models are abstraction of what and how the enterprise delivers product or service, showing how the enterprise creates wealth by taking advantages of the Internet’s rich communication capabilities. They provide the customer with a new product or service; they provide additional information or service along with a traditional product or service, or they provide a product or service at a much lower cost than traditional means.

The most important Internet Business models that have emerged include:

Virtual storefront. It sells physical goods or services on-line instead of through a physical storefront or retail outlet. Examples are Amazon.com, WingspanBank.com

Marketplace concentrator. It concentrates information about products and services from multiple providers at one central point. Examples are ShopNow.com, InsureMareket

On-line exchange. It is a bid-ask system where multiple buyers can purchase from multiple sellers. Examples are Asia Capacity Exchange, E-Steel.

Information broker. It provides product, pricing, and availability information. Example is PartNet.

Transaction broker. It enables buyers to view rates and terms from various sources. Example is E*TRADE.

Auction. It provides electronic clearinghouse for products where price and availability are constantly changing, in response to customer demand. Examples are eBay, Ubid.

Reverse auction. It enables consumers to submit a bid to multiple seller s to buy goods or services at a buyer-specified price. Example is Priceline.com.

Aggregator. It enables groups of people who want to purchase a particular product sigh up and then seek a volume discount from vendors. Example is MobShop.com.

Digital product delivery. It sells are delivers software, multimedia, and other digital products over the Internet. Examples are Regards.com, PhotoDisc.

Content provider. It creates value through providing client for a fee, and advertising. Examples are Salon.com, TheStreet.com.

On-line service provider. It provides service and support for hardware and software users. Examples are PCSupport.com, Xdrive.com.

Virtual community. It provides on-line meeting place where people can communicate and find useful information. Examples are Geocities, FortuneCity.

Portal. It provides initial point of entry to the Web along with specialized content and other services. Example is Yahoo.

Syndicator. It aggregates multiple sources and resells them to other companies. Example is Thinq.

Outline the options and considerations for storage technology that may be available for complex data storage requirements such as that found at Q-Star PLC.

Since the company’s sensitive data must e held for at least 50 years, it may consider using optical disks. Optical disks, also called compact disks can store data at densities many times than those of magnetic disks. Optical disks are most appropriate for applications where enormous qualities of unchanging data must be stored compactly for easy retrieval.

Since the company is operating globally, it would appear that there are significant advantages to accessing the data remotely. SANs (Storage Area Networks) is a high-speed network dedicated to storage, which connects different kinds of storage devices, such as tape libraries and disk arrays. It can provide a solution for companies with the need to share information across applications and computing platforms. The network moves data among pools of servers and storage devices, creating an enterprise-wide infrastructure for data storage. The SAN creates a large central pool of storage that can be shared by multiple servers so that users can rapidly share data across the SAN.

Critically evaluate “ We must use Java, XML and OOPs. If we do not, our company will lag behind our competitors in innovative practice.”

        A growing backlog of software projects and the need for business to fashion systems that are flexible or that can run over the Internet have stimulated approaches to software development based on object-oriented programming tools and new programming languages such as Java and Extensible Markup Language (HML).

         Object-oriented programming (OOP) combines data and the specific procedures that operate on those data into one object. The object combines data and program code. Programs send a message for an object to perform a procedure that is already embedded into it. An object’s data are encapsulated from other parts of the system, so each system is an independent software building block that can be used in many different systems without changing the program code. Thus, OOP is expected to reduce the time and cost of writing software by producing reusable program code or software chips that can be reused in other related systems.

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Java is a platform-independent object-oriented programming language developed by Sun Microsystems. Java is designed to run on any computer or computing device, regardless of the specific microprocessor or operating system it uses. Hence, it is important for Internet, since it can run on any client. Java can be used to create miniature programs called Applets designed to reside on centralized network servers. The network delivers only the applets required for a specific function. With Java applets residing on a network, a users can download only the software functions and data that he needs to perform a particular task, such as ...

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