ITM 350 Chapter 2 Notes.docx

2 Pages
Unlock Document

Ryerson University
Information Technology Management
ITM 350
Franklyn Prescod

ITM 350 Chapter 2 Notes Internet Business Models and Strategies Introduction A Business Model is the manner in which a business organizes itself to achieve its objectives which normally involve the generation of profits There are 8 components which make up the business model 1 External ForcesPolitical economic social and technological factors pressures and forces from outside the entity that create opportunities for the entity or threaten its business objectives 2 MarketsFormatsThe domains in which the entity may choose to operate and the design and location of the facilitiesReverse Auction an auction that has one buyer offering a supply contract to many sellers who compete by bidding down the supply price for the contract 3 CustomersThe individuals and organization that purchase the entitys outputs 4 Core Business ProcessesThe processes used to develop produce market and distribute an entitys products and servicesA Pur
More Less

Related notes for ITM 350

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.