E-commerce revolutionizes value creation process, transforming traditional market dynamics.
E-commerce has changed how businesses add value to products. By moving from traditional real value chains to virtual ones, companies can create new value. The study compared real and virtual value chains in the market to understand how businesses can transition between them. The key finding is that the transfer process involves seamless communication between production and communication systems. Using a simulation model, the study laid the groundwork for creating enterprise value networks.