Keyword

E-business to e-development, sustaining entrepreneurship, centripetal momentum, product life cycle, Thailand 4.0, resilience to cyber threats such as ransomware

Abstract

        Cyber-space is a milieu of challenges and opportunities. The proliferation of popular e-portals along with looming ransomware creates the research challenge for this paper. E-based transactions are pervading at all levels of our connected society and needs to be self-sustaining. Given the inherent complexity of e-business models and virtual transaction systems, this paper aims to address the linkage between the product / service offerings in the e-business domain with stages of the product / service life cycle model. The paper addresses the threat gap evoked by vulnerability of cyber security issues such as ransomware, enforcing ‘back to the future’ for reliable pathways for cyber security (Lawerence, et. al. 2017).  The purpose of this conceptually grounded work is to assess the diffusion of innovation at introduction, nascency, growth and maturity stages of the product / service life cycle. Diffusion of innovation product – service life cycle literature informs this research and attempts to analyze the life-cycle stage transition using concepts on centripetal momentum. 

        The Framework Method structures the methodology of this paper, that analyses qualitative data for thematic analysis or qualitative content analysis (Gale, Heath, Cameron, Rashid and Redwood, 2013).  There are a number of findings such as (i) the rate of diffusion of innovation and its effect on sustainability, (ii) impact on entrepreneurship to self-sustaining e-business systems. The outcomes are consistent with the Thailand 4.0 initiative, wherein e-business is transcending to the next level to e-development.  Thailand 4.0 envisions transformation through creativity and innovation (Honorable Prime Minister of Thailand, 2016). This surge driven by the internet, has the potential to change relationships with customers, suppliers and intermediaries. New relationships evolve into entrepreneurship with incubator networks serving as catalysts (Carayannis and Von Zedtwitz, 2005). Novel revenue streams emerge and new business models are created. This happens when strategy blends with e-business, creating an impact that is far more than mere launching of a website.

        E-business trajectory commenced with e-shop, to e-mall, to e-procurement, to e-auction. Current trends are on shared value chains (Hayes and Finnegan, 2005). The dynamics enables entrepreneurship and is transforming the rules of competition. Strategic use of e-business leads to the creation of value-drivers, viz., novelty, lock-in, complementarity, efficiency and excitement. All these parameters are interrelated, and act in unison, though in varied degrees. E-business gives rise to virtual markets where transactions face new challenges. To sustain e-business, value chain analysis should create value in virtual markets. A virtual value chain is a sequence comprising of accessing, organizing, synthesizing and distributing information. E-business thrives on strategic networks as firms, suppliers and customers complement capabilities.


Full Text : PDF
References
  1. Allen, E. and Fjermestad, J. (2001), e-Commerce marketing strategies: an integrated framework and case analysis, Logistics Information Management, 14 1/2, 14-26.
  2. Amit, R. and Zott, C. (2001), Value Creation in E-business, Strategic Management Journal, 22 6/7, 493-522.
  3. Barnesa, D.; Mieczkowskab, S. and Hintonb, M. (2003), Integrating Operations and Information Strategy in e-business, European Management Journal, 21 5, 626-634.
  4. Betts, M. (2001), Brands still matter, even for shopbots, MIT Sloan Management Review, 42 2, 9-10.
  5. Brunn, P.; Jensen, M. and Skovgaard, J. (2002), e-Marketplaces: Crafting a Winning Strategy, European Management Journal, 20 3, 286-306.
  6. Carayannis, E. G., & Von Zedtwitz, M. (2005). Architecting gloCal (global–local), real-virtual incubator networks (G-RVINs) as catalysts and accelerators of entrepreneurship in transitioning and developing economies: lessons learned and best practices from current development and business incubation practices. Tec novation, 25(2), 95-110.
  7. Carayannis, E.  and Jeffrey, A. (2001) Service sector productivity: B2B electronic commerce as a strategic driver, Journal of Technology Transfer, 26 (4). 
  8. Chan-ocha, P. (2016) Transforming Nations through Creativity and Innovation, Proceedings of the International Conference on Blue Ocean Strategy, Putrajaya International Convention Centre in Putrajaya, Malaysia.
  9. Coltman, T.; Devinney, T.M.; Latukefu, A. and Midgley, D.F. (2001), E-business: Revolution, evolution, or hype? California Management Review, 44 1, 57-89.
  10. Damanpour, F. (2001), E-business, E-commerce Evolution: Perspective & Strategy, Managerial Finance,27 7, 16-33.
  11. Dandapani, K., & Dandapani, K. (2017). Electronic finance–recent developments. Managerial Finance, 43(5), 614-626.
  12. Drew, S. (2003), Strategic uses of E-commerce by SMEs in the East of England, European Management Journal, 21 1, 79-88.
  13. Gale, N.; Heath, G.; Cameron, E.; Rashid, S. and Redwood, S. (2013) Using the framework method for the analysis of qualitative data in multi-disciplinary health research; BMC Medical Research Methodology, 13:117.
  14. Hayes, J. and Finnegan, P. (2005) Assessing the of potential of e-business models: towards a framework for assisting decision-makers, European Journal of Operational Research, Volume 160, Issue 2, pgs. 365–379.
  15. Holsapple, C.W. and Singh, M. (2000), Toward a Unified View of Electronic Commerce, Electronic Business and Collaborative Commerce: A Knowledge Management Approach, Knowledge and Process Management,7 3, 151-164.
  16. Hu, B. and Chen, W. (2016) Business model ambidexterity and technological innovation performance: evidence from China, Technology Analysis and Strategic Management, Volume 28, Issue 5, pgs. 583-600. 
  17. Jelassia, T. and Leenenb, S. (2003), An E-commerce Sales Model for Manufacturing Companies: A Conceptual Framework and a European example, European Management Journal, 21 1, 38-47.
  18. Joines, J.; Scherer, C. and Schenfele, D. (2003), Exploring motivations for consumer Web use and their implications for e-commerce, Journal of Consumer Marketing, 20 2, 90-108.
  19. Kalakota, R. and Robinson, M. (1999), e-Business: the big challenge is business design, e-Business: Roadmap for Success, Addison-Wesley, Boston.
  20. Kandampully, J. (2003), B2B relationships and networks in the Internet Age, Management Decision,41 5, 443-451.
  21. Karakaya, E.; Nuur, C and Hidalgo, A. (2016) Business model challenge: Lessons from a local solar company, Renewable Energy, Volume 85, pgs. 1026–1035.
  22. Kepler, D. (2002), E-business: Redefining Business Process in the Chemical Industry, Dow Executive Speech of Chemical Week’s Best Practices for ROI, 25 April 2002.
  23. King, D.; Lee, J. and Viehland, D. (2004), Retailing in Electronic Commerce: Products and   Services, Electronic Commerce: A Managerial Perspective, Pearson Education International, New Jersey.
  24. King, N. (1999), The new integration imperative, Intelligent Enterprise, 2 14, 24-30.
  25. Lampe, J.C. and Garcia, A. (2004), Data Mining: An in-depth look, Internal Auditing, 19 2, 4-19.
  26. Languepin, O. (2016) Thailand 4.0, what do you need to know? Thailand Business News, www.thailand-business-news.com/economics/54286-thailand-4-0-need-know.htmlaccessed May 2017.
  27.   Lawerence, D., Townsend, F., Murphy, T., Garrie, D., Squires, J., Castelli, J., Herschmann, E., Vash, S., and Lawrence, M. (2017) It’s the Cyber Crime and its Sponsors (Not My Cyber-Security), Stupid, Journal of Law and Cyber Warfare, Volume 5, Issue 2 (c), pgs. 1 – 56. 
  28. Mahadevan, B. (2000), Business Models for Internet-based E-commerce: An anatomy, California Management Review, 42 4, 55-70.
  29. Marques, P.; Cunha, P. ; Valente, F.  and Leitão; A. (2013) A Methodology for Product-service Systems Development, Procedia CIRP, Volume 7, pgs. 371 – 376. 
  30.  Merwe, R. and Bekker, J. (2003), A framework and Methodology for evaluating e-commerce Websites, Internet Research: Electronic Networking Applications and Policy, 13 5, 330-341.
  31. Michalak, W. and Jones, K. (2003), Canadian e-commerce, International Journal of Retail & Distribution Management, 31 1, 5-15.
  32. Pant, S. and Ravichandran, T. (2001), A framework for information systems planning for e-business, Logistics Information Management, 14 1/2, 85-99.
  33. Papadopoulou, P.; Andreou, A.; Kanellis, P. and Martakos, D. (2001), Trust and Relationship building in electronic commerce, Internet Research: Electronic Networking Applications and Policy,11 4, 322-332.
  34. Papadopoulou, P.; Andreou, A.; Kanellis, P. and Martakos, D. (2001), Globalization, the Knowledge economy, and Competitiveness: A business intelligence framework for the development of SMEs, Journal of American Academy of Business, 3 1/2, 260-272.
  35. Rauter, R., Jonker, J., & Baumgartner, R. J. (2017). Going one's own way: drivers in developing business models for sustainability, Journal of Cleaner Production, 140, 144-154. 
  36. Rowley, J. (2003), E-business options, Strategic Direction, 19 2, 31-33.
  37. Seo, J. H., & Park, E. M. (2017). A Study on Financing Security for Smartphones Using Text Mining. Wireless Personal Communications, 1-19.
  38. Shiralkar, P. and Vijayaraman, B.S. (2003), Digital Signature: Application Development Trends in E-Business, Journal of Electronic Commerce Research, 4 3, 94-101.
  39. Sian, K.; Lim, E.P. and Shen, Z. (2001), Mobile Commerce: Premises, Challenges, and Research agenda, Journal of Database Management, 12 3, 4-14.
  40. Souitaris, V. and Cohen, M. (2003), Internet Ventures, Drivers of Performance, European Management Journal,21 4, 421-437.
  41. Vassilopoulou, K.; Ziouvelou, P. and Pateli, A. (2003), Examining E-business Models: Applying a Holistic Approach in the Mobile Environment, New Paradigms in Organizations, Markets and Society. Proceedings of the 11th European Conference on Information Systems (ECIS 2003), June 16-21.
  42. Zott, C., & Amit, R. (2010). Business model design: an activity system perspective. Long range planning, 43(2), 216-226.