Mobile Business as an Optimum Model for Ideal Business
International Journal of Management, IT and Engineering, Volume 5, Issue 7, July 2015, pp. 146-159, ISSN: 2249-0558
14 Pages Posted: 12 May 2016
Date Written: July 10, 2015
It is well known that the performance of a practical system in nature can be improved by comparing it with properties/characteristics of an ideal system of similar type. In this paper, an attempt is made to identify some of the important characteristics of an Ideal Business in terms of input conditions, system requirements, output conditions and market requirements are identified and analyzed. The paper describes how these characteristics can be achieved in practical business by incorporating electronic online business model using mobile devices called mobile business. The paper also discusses how a small business planned by an entrepreneur can improve it towards an ideal business level by incorporating information communication technology (ICT) components. The conceptual nature of mobile business including major features, value chain, Benefits of mobile business from customers point of view and comparison of mobile business properties with that of ideal business properties are discussed. The various parameters affecting mobile business in terms of the characteristics of Ideal business are studied. Finally, some of the possible products and services which can lead to the concept of Ideal Business are identified and analyzed.
Keywords: Ideal Business, E-business, e-business models, e-business strategies, mobile business
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