Online business nowadays refers to a wide range of online activities usually associated with buying and selling over the Internet, or conducting any transaction involving the transfer of ownership or rights to use goods or services through online platforms. In this first step the objetive is to create the business plan by analyzing the Market, Concept, and Strategy.
- Market Analysis:Through all of these analyses the opportunities, strengths, weaknesses and threats of a solution can be identified.
- Concept Analysis: Formal concept added value analysis to examine the technical, functional and usability requirements for the resulting concept.
- Strategy Analysis: Begins with a description of the strategic goals and business strategy of the firm. It's implementation is then analyzed in terms of the present functional and operational capabilities and the resulting financial and competitive performance.