E Business : The Cornerstone Of Our Economy And It Enhances Society Essay

However, this definition seemed to be impartially narrow by some people, therefore, with the new term E-Business has emerged, that brings out wider definition of E-Commerce. It is important to note that E-commerce is not just restricted to selling and buying of goods and services, however it also service customers, cooperating with business partners and leading electronic transaction within the company (Song & Zahedi, 2001).

There is a misconception that e-Business simply means buying and selling products and services over the Internet. The broader view of e-Business focuses on the key processes that directly enhance revenue — namely, customer acquisition and retention through sales, marketing and service (Siebel, 2004). This customer-centric view of e-Business is not limited to the Internet but rather applies to all aspects of the customer relationship whether it is online or offline.

I am choosing to do my Business Analysis paper on e-commerce. I will explain the importance of it as well as the effects on the global economy. I will discuss the advantages of telecommunications and information technologies in a business versus those businesses without e-commerce. I will also discuss the marketing strategies involved with e-commerce and how it helps businesses. Due to the global nature of internet business, electronic commerce (e-commerce) standards have become a priority on the national and international level. While most traditional businesses are subject to local, state, and national

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

In the first section of this paper I will discuss what information technology is and how information technology is related to different companies. The second section of this paper I will analyze how eBay uses information technology in their business model. Then I will conclude by giving recommendations on how eBay could improve their use information technology to expand its business to a higher level.

E-commerce or Electronic Commerce has become a part of our everyday lives. The growth of World Wide Web is growing, more and more each day. Businesses practically live on the web. E-commerce growth has provided consumers with many different retail choices making the lives easier for the online community. Although, this makes things easier for consumers who shop online, most of these companies have chosen

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

The computer and the Internet are becoming of essence to achieve successful business with the unremitting technological advancements. One of the fallacies of people is that you can only do e-business through the Internet. Conversely, that is just a part of this seemingly clear-cut novelty. E- Business is the complex fusion of business processes, enterprise applications, and organizational structure necessary to create a high-performance business model. E-business is needed in today 's market just to contend with the growing battle towards profitability. Companies can both buy and sell products on line. Similar business strategies should be practiced even though transactions are done online. Accordingly, e-Business is any business

E-business gives a competitive advantage to the company. However, it is also important for a business to know how the e-business is being used. The uses of e-business are for reengineering for internal business processes, enterprise collaboration systems to support communications, coordination and coordination among teams

Operating a business has always been reliant on staying on top of emerging technologies. Today, the technology driving a business to success is the Internet, which can be used to buy and sell goods and services. This process of buying and selling online is referred to as e-commerce. E-commerce and its use of the Internet will sell more products, increase revenue, and shape the future of production for businesses. It is also changing how the government regulates online commerce. E-commerce is progressively becoming the way that many people shop and changing the way businesses operate, ultimately changing the world of 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.

Because of globalization, today where clients are looking up for partners rather than suppliers so that they can help them to become more competitive and win more business, e-business is becoming an important issue. E-business will help them in decrease in transaction costs as there will be efficiency in the approval process. Even the purchasing department will become more effective and at the same time it will help in strengthening the partnerships.

Despite the dot.com collapse, there remains a strong belief that e-business – with its resurgent potential for creating new transactional opportunities between firms, suppliers, complementary product/service providers and customers – will ultimately contribute significantly to the future performance of many established firms. A number of impressive examples come to mind: Tesco in the UK, Otto Versand in Germany, and Dell Computers and Cisco Systems in the US.1 For organizations such as these, e-business is more than a tool but part of a deeply held strategic disposition that enables them to outperform the competition.2 Yet, in spite of these high-profile success stories many other similarly situated firms have failed to duplicate these

I am very thankful to everyone who all supported me, for I have completed my assignment on Internet and E business effectively and moreover on time. I am equally grateful to my teacher Mrs Fayza Firoz. She gave me moral support and guided me in different matters regarding the topic. She had been very kind and patient while suggesting me the outlines of this assignment and correcting my doubts. I thank her for her overall supports.

The Internet can possibly turn into the most dynamic exchange middle person inside of 10 years. Additionally, Internet shopping may alter retailing by permitting shoppers to sit in their homes and purchase a gigantic mixed bag of items and administrations from everywhere throughout the universes. Numerous organizations and customers are still careful about leading broad business electronically. Notwithstanding, just about everybody will utilize the type of E Commerce in not so distant future. This site will talk about the e business creating system in national level particularly on e