Understanding The Scope Of E Business

Nowadays, e-business popularity is increasing dramatically amongst customers and becoming part of their lifestyle. The usage of the internet as

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

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.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

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 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.

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 and e-commerce are terms that are used to differentiate one vendors' product from another. Both terms are different, and that difference matters for today's companies. The ‘e’ stands for electronic networks and describes the application of the electronic network technology. This include Internet and electronic data interchange (EDI) and is used

New approaches to business sought through use of the Internet and its continuous updated technologies are dynamically being deployed by organisations to appropriate innovative value creation online (Chaffey, 2009). Information technology has been noted for its value creation, defined as “drivers of product differentiation” (Amit and Zott, 2001) in business, as it supports alternative marketing strategies. More specifically, the current state of the Internet as a communication platform, with its powerful and far reaching influence and lack of constraints to time nor place (Deighton, 1997), has had a profound affect on both culture and business practice throughout recent years

The internet and World Wide Web have changed how we conduct business for ever, the basics of business remain the same, and a company with goods or services needs customers to purchase from them. E-business refers to a broader definition of E-Commerce, not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, and conducting electronic transactions within the organization (Turban, et al., 2002). What makes e-business different is the scope and range of the business/customer relationship. There is no longer the need for a face-to-face physical transaction to take place in order to procure goods or services. Through the use of technology e-business has revolutionised the way we think about and transact business. Understanding the different type of business model available to organisations helps drive their strategy. In this instance XYZ Micro Turbines wish to conduct business with its suppliers over and established e-Procurement marketplace yet create a bespoke e-business solution for customer purchases. This report aims to identify what XYZ Microturbines need to undertake to make sure they are ready to implement their business

(i) Firstly, Amazon were introduced back in early July 1994 as an electronic commerce and cloud computing company founded by Mr Jeff Bezos based in Seattle, Washington with a reputation of being known as one of the largest internet-based retailers in the United States. Starting off just as an online book retailer to broadening the company’s products to spread to DVD’s, electronics, furniture and anything you desire. Although having competition with other online retailers such as eBay, yet still managing to stay on top of the hierarchy with the most revenue for an online retailer with a value of $60 billion back in 2013 becoming one of the most popular brands on the internet.

The exponential growth and rapid changes of e-business technologies bring both new opportunities and challenges to businesses. The underlying technologies of basic e-business functions such as data storage, processing, and transport are becoming increasingly indistinguishable among different organizations. This is because they are easily imitable and have become homogenized and are “available and affordable to

The term business doesn’t completely consist of only retailing; businesses can function online. An e-business, also known as ‘electronic business’ is a web-based service provided by a business which enables an exchange of products/services; the electronic market focuses on the use of information technology to allow activities of exchange to

ii)E-business:-E-business basically used in promoting individuals business with the help of same electronic network such as website or webpage.