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Demand and Supply Imperatives in a Mobile Portal Strategy: An Inclusive Framework
Umar
Ruhi
DeGroote School of Business, McMaster University, Canada
Manuscript Completed: January 2005.
The wireless industry today is in a state of transition - mobile data
services are poised to create new revenue streams for wireless carriers
and content and application providers through the provision of value
added services to the mobile customer. Mobile portals offer one such
breed of value added services where different industry participants
are collaborating in novel ways to provide content, community and commerce
based services to their mobile customers. As organizations struggle
through the initial phases of the mobile portal lifecycle, they are
striving to achieve a critical mass of customers to help them profit
from their business undertakings. In their endeavor to achieve this
critical mass of customers, companies need to rethink their business
models by creating and offering a compelling value proposition to their
customers and formulating new and improved partnerships on the supply
side. This paper discusses the critical elements of an effective mobile
portal strategy for companies involved in the mobile portal value chain.
By deliberating a business model perspective, an Enhanced Customer Value
Framework is presented for the demand-side. The framework seeks to address
the needs, expectations and preferences of mobile customers on the basis
of which, the firm can articulate an effective customer relationship
management (CRM) strategy for their mobile portal customers. On the
supply-side, an Enhanced Lifecycle Management Model for Mobile Portals
is presented. The model aims to guide the value chain collaboration
strategies across the various stages of the portal’s evolution.
The model can be used by mobile portal service providers to successfully
address the challenges associated with offering an end-to-end mobile
portal solution in the marketplace. Finally, the demand and supply side
elements are unified into a coherent conceptual framework. This Inclusive
Framework for a Mobile Portal Strategy aspires to be utilized as a blueprint
in the implementation of a company’s wireless portal strategy.
Keywords:
Mobile Portals, M-Commerce, Business Model, Value Added Services, Portal
Lifecycle.
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