Introduction
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.
What is an E-business?
For Better Books of Mackay to have a better understanding of what an E-Business is, a definition has been provided below. An E-business is a business which is conducted over the internet including the sale and purchase of goods. An E-business also provides customer support as well as services and information to allow businesses to communicate with customers as to what they want from the business. It also includes managing internal processes as well as the external processes such as marketing and the supply of goods and services. Although the way the business and its relationships are managed hasn’t changed from the traditional style of a brick and mortar business, E-businesses are commonly being known as B2C or B2B. The way in which E-business is defined is very broad. There are many facets which E-Business has including Information and Communication Technologies, Electronic Transactions, Customer Support, and Collaboration with Business Partners.
Advantages & Disadvantages to E-business
For Best Books of Mackay to set up an E-business there are both Advantages and Disadvantages that are involved in setting up and maintaining of the
Electronic business, or e-business or "electronic commerce"(55) has increased exponentially because so many businesses are on digital networks. Major business transactions are completed on the enterprise. Digital networking is transforming businesses relationships with the companies customer, their employees and relationships with suppliers and partners in business. E business technology is also improving the way business is done in the government. The government uses the Internet to enable and increase business
An e-business solution for an enterprise is the incorporation of all aspects of the business operation into an electronic format. Many well-established businesses have been selling on-line for years. Columbia Records has been selling "music" directly and indirectly (through their artists ' website) to end-users for years. When Columbia Records has incorporated an e-business solution, the business will experience a lower operation cost while at the same time increasing its profit. The e-business solution will allow the company to eliminate unnecessary paperwork. All paperwork and data can be transformed into an electronic format. Thus, it will eliminate valuable shelf space and data can be searched and accessed in a matter of seconds. E-business will also automate the sales process. Thus, efficiency will be significantly improved. With an e-business solution, the business will be open 24 hours a day, 7 days a week. People from anywhere in the world with Internet access will be able to visit the site at any time. They will not be restricted to the normal business operating hours. A brick plus mortar business is normally limited to serving the customers in its local geographical location. With an e-commerce solution, that business will not be limited a geographical restriction, rather it opens itself to the global on-line market. Essentially, the business ' market exposure will be greatly increased.
COMBE, C. ( 2006). Introduction to e-business : management and strategy. Amsterdam ; Boston: Butterworth-Heinemann.
The internet & web technology is the communication infrastructure on which a majority of current networked e-business systems are housed. The history of e-business greatly
E-Business: is a useful means to extend business efficiency via internet- based application. It promotes faster information, operational efficiency, expands firm’s market share (Mohamad & Ismail, 2013)
E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.
Chaffey, D (2009). E-business and E-commerce Management; Strategy, Implementation and Practise. 4th ed. Harlow: Pearson Education Ltd. P166.
E-learning is an innovative EC system which has been gaining much attention mainly because world-class universities are implementing it. E-learning can be useful both as an environment for facilitating learning at schools and as an environment for efficient and effective corporate training. (Turban, King, Lee, Liang & Turban, 2012). This paper describes the business and social benefits and limitations of E-commerce.
Electronic business (e-business) can be defined as the use of the internet to network and empower business processes, electronic commerce, organizational communication and collaboration within a company and with its customers, suppliers, and other stakeholders. E-businesses utilise the internet, intranets, extranets and other networks to support their commercial processes (Colin Combe, 2006).
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-Business is the electronic connection of business operations to customers, supplier, employees and other partner.
.B2B (business to business) – This e-commerce is about companies doing business with each other e.g. wholesalers selling to retail.
Researchers have reported many pros of e-books which have come from the type of environment they are deployed through. These pros could be summarized in the following items (Subba Rao, 2003; Abdullah, & Gibb, 2009; Levine-Clark, 2007; Mulholland, 2012 .).:
In this report I will look into the benefits and risk of e-commerce, the types of legislation that have been introduced to protect the consumer and business alike. At the end of this report I plan to give my recommendation as whether I believe you should venture into e-business and set up your own online business. I will try and remain un-bias and give my opinion whilst give a fair account of the risks and benefits of e-business.
My writing assignment will be about running an e-business. I am focusing on the following two types of businesses: Online Sales of Goods, and Digital Media and Software. My intent is to show that an e–business is easier and cheaper to run than a brick-and-mortar business, but needs a lot of legal expertise.