E-Commerce strategy methodology development and implementation

Design team member: Winnie Lam

Supervisor: Dr. Norman Ball

Background

There has been a lot of media coverage on E-Commerce in recent years. However, the concept of E-Commerce is still unclear to many people due to its newness. For business executives, it is even more mysterious since there are no proven business models for generating profits. Conducting research in the E-Commerce area reveals a few dominant trends:

  • E-Commerce revenues will grow explosively.

  • E-Commerce is crucial for business survival.

  • E-Commerce decisions are complex.

  • Consulting firms are experiencing rapid declines in key practice areas.

The implications for these trends are as follows:

  • Organizations feel the need for expert advice.

  • E-Commerce is the new business opportunity for consulting firms.

  • Consulting firms need structured, proven, E-Commerce methodologies.

  • These trends and implications are the driving forces for the project.

Project description

For consulting firms to effectively develop E-Commerce strategies for its clients, it must have a structured methodology custom made for this type of project. As with any methodology, however, this E-Commerce strategy methodology will require constant refinement to incorporate new experiences and to keep pace with change.

Thus, this project aims to develop the first version of an E-Commerce strategy methodology, implement the methodology for a client, and make any necessary revisions to the methodology subsequent to the client project.

Design methodology

The five phases of the project are as follows:

Scoping and planning
This phase focuses on the planning of the project’s overall direction, including the definition of the project’s scope, objectives, and timelines. The deliverable from this phase is this Design Plan.

Conceptual design and research
In this phase, the conceptual design of the methodology is developed and research on existing methodologies is conducted. Research is performed from independent research firms, such as the Gartner Group, Forrester Research, and CIO.com. These research firms sometimes publish the methodologies that consulting firms use. Consulting firms’ websites are another source for researching E-commerce strategy methodologies.

Development of methodology
The actual methodology is developed in this phase. Detailed descriptions of each task in the methodology are documented, including the objectives, inputs, approach, relevant models, applicable tools and techniques, outputs, and any references. The methodology is to be documented in an appropriate format, be it a Word document or HTML pages.

Implementation of methodology
The methodology will be implemented with a client. This phase includes the marketing of E-commerce strategy development services and the closing of the sale, followed by the actual implementation.

Revision of methodology
Final touches and revisions to the methodology are made in this phase. The majority of these revisions come from experiences on the client project. Sample reports and any additional references are added to the methodology.