Advantages And Disadvantages Of E-Business

COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.

E-business stands for electronic business. The role of E-business is conducting the business via the electronic by synchronizing all the supply chain to make the process more efficient and get to fulfill more customer demand. It could reduce the cost of production, expands the business by giving support from business to business. While, E-commerce is the process of transferring money which is different from e-business, so e-commerce is being considered as a part of e-business.

E-Business is quickly becoming an important initiative for companies to take into consideration. E-Business impacts every aspect of how a business is run. Implementing e-business applications will require a new process design, organisation restructuring, new job descriptions within the business and new policies. An organisation’s ability to adapt to new technologies being introduced and new business models is an important factor to increasing productivity within the organisation.

E-commerce has a no. of benefits to companies & customers in terms of cost reductions & time saving, which are equivalent to profit generation.

E-business can transform the way a company does their business. There are plenty of benefits of this form of business for both the company and the customers. It gives customers an unlimited access to your products at every time of the day while most traditional brick shops would only be opened for a limited time. Secondly it makes expansion into foreign markets much easier as you can always sell your products abroad as customers can see all the products with a mouse click

E-Business and the internet allow for businesses to reach large sections of the population. It has changed the way we conduct business. It has impacted the way consumers make their decisions. The internet has enabled long distance purchasing as there are no geographical barriers. This is very evident from Zappos.com one of the first companies to take advantage of this.

1. a large variety of choices: give customers a wide choice of products and services, all of this possible, the use of computer networks, systems, networks and supporting industry infrastructure at the national and international levels. This is a win-win situation for buyers and suppliers can provide a variety and choice.

As per The Economist, e-business is and will be an all-inclusive splendid spot for retailers in impending years. Electronic business, additionally called e-trade, is expanding around the globe. E-business comprises of electronic business transactions identified with the buy and conveyance of products and administrations. E-trade incorporates retail exchange in the middle of business and shoppers (B2c) and business-to- business (B2b) exchange. Organizations utilize the Web, extranets, or electronic information trade (EDI) in completing e-business.

E-Business is the electronic connection of business operations to customers, supplier, employees and other partner.

Globalization has paved the way for e-business models that currently sweeps the internet with its’ revenue share to improvise the economy (Hong-Oanh Nguyen,2013). Cost (production to delivery) (Evangelista and Sweeney,2006; Gunasekaran and Ngai,2008; Australian Bureau of Statistics,2008; Samar and Robert,2004), customers interest (Australian Bureau of Statistics,2008; Evangelista and Sweeney,2006; Samar and Robert,2004), size of the company (Davies et al.,2007; Nurmilaakso,2008), skills of the employee , compatibility of system/service, support and security by management (Gunasekaran and Ngai, 2008; Gudmundsson and Walczuck,1999), investment and return rate of product(Samar andRobert,2004) are the factors influencing on adoption of e-business (Hong-Oanh Nguyen,2013). Lastly, Hong-Oanh Nguyen,2013 states “e-business is essentially an investment decision” as to start a business the focus will be on making a profit even with small amount of investment.

E-business is the “use of Internet technologies to link customers, suppliers, business partners, and employees” (Information Week, Dec 13, 1999). This can be in the form of e-commerce websites that offer sale transactions, customer-service websites, intranets and enterprise portals, extranets and supply chains, and lastly, IP electronic data interchange. The use of these different networks and technologies all businesses to improve, enable, enhance, invent, or transform a business process. Basically, technology helps build and manage relationships within a business to potentially transform a firm into a networked entity with seamless supply chains and superior value creation processes.

The e-business model is like a traditional business model, it describes how a company functions, how it sells products and services, how to capture new markets and technologies, and how to generate revenue. The basic difference between the two models is that an e-business is conducted over the internet and also known as electronic business. Like any other business, e-business activities also take place between the two parties mainly for the sale and purchase of products and services, these transactions occur either between Business-to-business (B2B) or between business-to-customers (B2C).

The following report will investigate E-business for Better Books Mackay. This report will explain what an E-business is along with the advantages and disadvantages, how to establish the business, the costs involved, the risks and security controls that need to be put in place, as well as the transaction cycle.

With the great speed of economic globalization, E-Business is developing in a surprising speed through the wide-spread of information technology. Nowadays, there are a lot of big E-business corporations such as Amazon, E-bay focus on different E-business model and field. However when these international companies carving up the global market, some local enterprises also growing up and want to share this big cake.

E-business offers a range of advantages compared to the traditional business system. These benefits are continuously increasing the popularity of e-business. Below are some main advantages that will be beneficial for Best Books of Mackay.