E-Business E-business is the largest emerging trend in business today. The movement into e-business is dramatically changing the way people buy and sell. Business is no longer a one for all concept, that concept is being replaced by a consumer economy that is driven by choice. These choices are not only in product and price but in shopping environment as well, where their transactions can take place face to face or in an online environment. Not only are traditional businesses completing their transactions with other businesses in such an online format, but such transactions are taking place between businesses and consumers as well as consumers to consumers.
Lastly, this programmable Web sites become more than static accessed sites which turn to reusable, an intelligent Web Services. So, the Web services can be defined as a set of technologies to standardize how applications communicate to each other. The purpose of web services is by linking to system, business associates and client through network. So, they utilize open standard protocol to communicate that result on business to business more possible. For example, an organization implementing e-commerce or e-business in real time through internet to expand and set up it place in market.
The increasing complexity of Internet and Web technologies and their rapid evolution are imposing a Herculean challenge for information technology managers. They are expected to achieve optimal utilization of their existing information system for business performance while ensuring integration of the latest Internet and Web technologies in their enterprise information technology architectures. At the same time, they must meet the expectations of business managers who need to create and sustain innovative business value propositions to keep up with the changing competitive environment and customer needs. Not unexpectedly, companies are realigning their product and service platforms into “e-business solution architectures” that can better address the needs of improved customer relations and enhanced financial conditions for the company overall. The greater... ... middle of paper ... ...ng an online presence is to provide increased support, cost savings and convenience to the customer and provide efficiencies and cost savings to the company.
Furthermore, e-Business is also using technology to improve your business processes. This includes managing internal processes such as human resources, financial and administration systems as well as external processes such as sales and marketing, supply of goods and services and customer relationships. Additionally, e-Business is more than having a Website for your business. Using e-Business tools can make your administrative and operational activities more efficient through accessing the Internet to source information about your industry, suppliers and products and for general research. Also, one can streamline the traditional physical transactions into electronic transactions; human resources management, th... ... middle of paper ... ...ast few years and as technology permits, it will continue to do so well into the future.
Evaluation of the potential of e-business as a channel to US’s consumer market: Levenburg (2013) asserts that for the retail businesses to maintain successful e-business approach, it is imperative they comprehend the novel channel. The fundamental comprehension of the multi-channel based transaction frontier is imperative to sustain a proper evaluation of e-business’s impact on the consumer market. It is imperative that retail businesses how the internet can be geared to deliver beneficial outcomes in regards to tapping into the consumer market. The changing operational structures are equally pivotal for evaluation especially the notion of supply chain operational shifts (Graig
This means of commerce can involve business-to-business and business-to-consumer transactions. Generally, revenue from e-tailing transactions is derived from various sources such as the sale of goods and services, through online advertising, and through subscriptions to a website. As a new concept in the virtual workplace, e-tailing requires businesses to design traditional business models to the ever-changing face of the Internet and online user... ... middle of paper ... ... pace. Just follow the link below to sign up for internationally recognized convenient education for career advancement!” Conclusion: Since electronic retailing or e-tailing has become a global bazaar and non-store form of retailing, it has considerable attention in the recent past. Retailers using this communication model in the virtual workplace have designed various strategic measures across different communication mediums to attract new customers and promote customer loyalty.
Electronic business or e-business is a whole new way of doing business over the internet in today's society. In today's ever changing environment, people are shopping more and more online, which has opened up new aspects of money making strategies that businesses have built on. E-business has helped businesses grow, or ultimately loose revenue and play catch up. There are several key aspects in which e-business needs to be conducted. E-business can make, or break a company.
E-business Architecture There are many different ways to define an architecture as they can take many forms, including logical views, scenarios (or sequence diagrams), physical views and deployment views. Each view provides a specific type of information within the diagram and is directed to a certain audience, including Web architects, data architects, application architects and end users. A good, reliable e-business architecture can serve as your platform for future e-business applications. In creating an e-business architecture, you will want to ensure that you are developing and leveraging core components across multiple applications. An effective e-business architecture should be built after a careful analysis of the way a company does business, for implementing an appropriate architecture is a way to make businesses overall more efficient.
Considering that the company sells their products directly to customers, the recommended business model is Business-to-Consumer (B2C) which involves transaction between business organization and consumers (See Figure 4). The appropriate use of e-commerce tools to connect and communicate with customers can make difference to the business’s success. In terms of communication, the use of Instant Messages (IM) would help customers to clarify doubts, register complaints and address many other subject. The use of an email is still important because the time zone difference. And finally, it is recommended to use a Search Engine Optimization (SEO) that will allow to increase the amount of visitors to a web site by obtaining a high-ranking placement in the search results page.
With the Internet fast becoming the platform of the day for conducting commercial activities and business transactions, it is important for companies to take advantage of information communication technologies, electronic commerce, mobile computing, and software agents. Internet technologies bring about opportunities for automating customer transactions, internal business processes, as well as business collaborations with associate companies or alliance members for both B2C and B2B e-commerce activities. Electronic commerce, simply put, is the exchange of money for goods and services via electronic means. In other words, electronic commerce is when a consumer purchases something off of the Internet. Electronic commerce is often referred to as e-commerce, or e-business which is a subset of e-commerce.