?Why e-business model has a special place in today’s world

​The term e-business model became popular in the early second millennium. If the e-business model is carefully defined, it can help businesses implement their e-business strategies. In addition, it allows them to identify, evaluate, modify and even simulate their business. The most important advantages of the e-business model are the following:

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-The process of modeling social systems, such as an e-business model, helps to identify relevant factors in a given area and to understand the relationships between them.
-Using formulated e-business models helps managers to easily share their understanding of e-business with other stakeholders.
-Drawing and using e-business models serves as a basis for facilitating change issues. Business model designers can easily modify the components of an e-business model.

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-A formulated e-business model can help set benchmarks for evaluation, such as the “balanced evaluation” approach.
-E-business models help managers simulate e-business and thus increase what they learn from it. This is a way to take risks without compromising the organization.
-The business model is not just a complex social system with all its actors, relationships, and processes. Rather, it is a description of the logic of a business system for creating a certain value. Therefore, the business model derives from the organization’s strategy and is used as a model for designing business processes.

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