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This article provides fundamentals concerning the foundation of new ventures based on the usage of data networks. In addition, it will contribute to an enhanced understanding of the important interface of e-business and entrepreneurship.
Further, the article provides an overview of the current state of research and practice at the interface of e-business and entrepreneurship and shows emerging future trends in this important field of business activity. As the article will show, the competent processing of information has to be the foundation of entrepreneurial attempts. The electronic process value creation and the value oriented processing of information thus serve as the starting point for every venture operating at the interface of e-business and entrepreneurship as well as the basis for establishing a company in the net economy.
Key Terms in this Chapter
E-Venture: The result of a business formation in the net economy.
Net Economy: The economic use of data networks. It is based on four technological innovations (telecommunication, information technology, media technology and entertainment) that impact the possible ways in which information, communication and transactions are managed.
Information Technology: The link between electrical engineering and computer sciences. It includes information and data processing as well as the required information technology system.
E-Business: The use of digital information technologies for supporting business processes in the preparation, negotiation and conclusion phases. Five central platforms have been formed which serve as an e-business: E-procurement, e-shop, e-marketplace, e-company and e-community.
Electronic Value Chain: Value activities that can refer to collection, systematization, selection, summary and distribution of information.
Electronic Value Added: The creation of value through electronic business activities in digital data networks independent from a physical value chain.
E-Entrepreneurship: Establishing a new company with an innovative business idea within the net economy, which, using an electronic platform in data networks, offers its products and/or services based upon a purely electronic creation of value. Essential is the fact that this value offer was only made possible through the development of information technology.