E-commerce versus E-business The rapid development of the Internet has caused significant changes in organizational management and design, businesses processes, the ways in which companies compete, new business and revenue models, new products and product delivery channels, marketing processes, customer relations, and other basic processes and activities. Businesses that stay with their current way of conducting business without moving toward the rapid development of the Internet are setting themselves up for failure. Failure can happen as quickly as success in the business world where competitors are always looking for ways to add value to their products, and technologies advances play a major role in adding value to a business. E-commerce and e-business are terms that are sometimes used interchangeably, but the terms are different, and that difference matters to businesses. E-commerce consists mainly of the selling, purchasing, and exchanging of products and services over computer networks as well as the Internet (Milutinovic & Patricelli, 2002). E-commerce can involve electronic funds transfer, supply chain management, e-marketing, online marketing, online transaction processing, electronic data interchange (EDI), automated inventory management systems, and automated data collection systems. It typically uses electronic communications technology such as the Internet, extranets, e-mail, e-books, databases, catalogues and mobile phones. Furthermore, Ecommerce Digest (2002-2011) indicates that e-commerce can be divided into three key classifications: Business-to-Business (B2B) is wholesale transactions between organizations; Business-to-Consumer (B2C) is retail transactions with individual shoppers; and Consumer-to-Consume... ... middle of paper ... ...1, from http://www.ecommerce-digest.com/ecommerce-definition.html McKie, S. (2001). E-business best practices: Leveraging technology for business [E-book Version]. Retrieved on January 31, 2011, from http://www.netlibrary.com.library.capella.edu/ Milutinovic, V., & Patricelli, F. (Eds.). (2002). E-business and e-challenges. [E-book version]. Retrieved on January 31, 2011, from http://site.ebrary.com.library.capella.edu/lib/capella/Doc?id=10116453 Shaw, M. J. (Ed.). (2002). E-business management: Integration of Web technologies with business models. [E-book version]. Retrieved on January 31, 2011, from http://site.ebrary.com.library.capella.edu/lib/capella/Doc?id=10052677 Shaw, M. J. (Ed). (2006). E-commerce and the digital economy. [E-book version]. Retrieved on January 31, 2011, from http://site.ebrary.com.library.capella.edu/lib/capella/Doc?id=10178051
Mougayar, W. (1998, November 2). E-commerce? E-business? Who e-cares? Computerworld Parker, R. P., & Grove, C. B. (2000, July). Census bureau moves ahead on measuring e-business. Business Economics, 35, 63-65.
University of Phoenix. (Ed.). (2002). Introduction to business systems development. [University of Phoenix Custom Edition e-text]. Boston: Pearson Custom Publishing. Retrieved January 16, 2005, from University of Phoenix, Resource, BSA/375Business Systems Analysis website: https://mycampus.phoenix.edu/secure/resource/resource.asp
Business models provide structure to an organization, ensure that the company is profitable, and differentiate themselves from competitors by marketing various products and services (Jovarauskienė et al., (2015). Business models convert ideas and technologies into outcomes, and create opportunities: cost and revenue (Sako, 2012). According to Granados (2008), computer technology that incorporates travel businesses with retailers, distributors, and suppliers is vital in developing a successful e-commerce business
MacGregor, R. and Vrazalic, L. (2007). E-commerce in regional small to medium enterprises. 1st ed. Hershey, PA: IGI Pub.
In today's business world, e-business activities of various types contribute significantly to the efficiency of business processes, and to the recognition of products and services. The Internet plays a very important role in this process, as it offers numerous possibilities for communication with customers and performance of business activities. 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. The internet has played a pivotal role in changing how business is conducted across the world. Due to economic globalization, Ebusiness has become a necessity for companies to remain competitive. It is usually possible to categorize most e-business solutions as either business-to-consumer (B2C) or a Business-to-business (B2B). This paper will explain the supply chain differences of B2C vs B2B and how they differ from one another.
During the last decade, we’ve been to the top of the world—during the dot-com boom of the late 1990s—and back down again, when it all fell apart a few years later. But with the bad came the good: The Web forever changed the business world. The following small-business owners are shining examples of how Web-based technologies can be a businessperson’s best friend.
Today, even traditional brick and mortar organizations must establish a web presence if they want to remain competitive. A strong business case can be made that organizations that don’t enter the e-commerce fray will eventually be left in the technology dust (Trepper: 2000).
Korper, Steffano and Juanita Ellis: The E-commerce book: Building the E-Empire. San Diego, CA; Academic Press, 2000.
The future of economic competitiveness for most enterprises relies on entrance and active participation in the e-commerce market. An essential problem with e-commerce is that the controls and organization are different for each site. There is no standard way of building t...
Electronic commerce, or e-commerce has developed exponentially in the last few years and has left some in the cold. The majority of people think e-commerce is just about buying and selling things over the Internet like through auctioning sites such as E-Bay and U-Bid. However, E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on-line services like America online, and on-line billing that automatically pays specified bills each month so you don’t have to mail a check. E-commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between accounts or stocks, smart cards, and all other methods of conducting business over digital networks. “The primary technological goal of e-commerce is to integrate businesses, government agencies, and contractors into a single community with the ability to communicate with one another across any computer platform.”(Edwards, 1998)
Electronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. There are nearly 200 million Internet users worldwide currently. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. & Jackson, P., 2003). E-commerce currently affects large sectors such as communications, banking and the retail industry. E-commerce has also had an effect on the education, health and government (Wyckoff, A., & Colecchia A., 1999). It is predicted that commerce on the Internet could total tens of billions of dollars by the turn of the century. E-commerce's most significant impact will be on sectors that transmit information (postal service, communications, radio and TV) and those that produce it (finance, entertainment, travel agents or stockbrokers) (Jones, B., n.d.). One of the most surprising but indirect impact e-commerce have had is associated with the way society has incorporated it into their everyday lives and its ability to drastically change the way businesses now interact with their employees, consumers, and business partners. Entrepreneurs are now able to start new businesses more easily, with smaller up front investment requirements, by accessing the Internet's worldwide network of customers (Jones, B., n.d.). China, with the third largest user population, is expected to gain market share-particularly in light of the prediction that it will surpass Japan and become the largest Asian Internet market during the coming year (Styliano, A., Robbins, S. & Jackson, P., 2003). E-commerce gives small businesses the competitive edge against large multinational organizations in the global market. Now that electronic commerce has become an integral part of everyday business, we now must take a look at how the emergence of e-commerce has affected the global marketplace and how has e-commerce changed the standard and quality of living. It would also be important to discuss some of the drawbacks or adverse effects that e-commerce has had on society.
Looking at the e-commerce activity we need to first look at the kind of products that are available which is clothing, computer hardware, software, clothing electronics to books and gift can be sold online. With E businesses establishing business models which is based on selling of goods and services and revolves around them. The industry has definitely grown with potential in terms of not only generating revenue but also reducing the costs in running a online retail business. With the main recipients of e-commerce who are the Marketing, retail outlets, insurance, government, travel industries, training, online publishing vendors.
The growth of online businesses will have a lasting impression on the business industry for years to come. E-businesses have redefined the boundaries for operating a company. In this highly competitive market, some corporations have made millions, while others are left on the sidelines to watch. What makes the difference? The ones who succeed are the ones who understand the market, utilize E-Intelligence, understand the failure of other businesses, and developed a successful E-Readiness plan.
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. The following paper outlines some of the differences and similarities of each of these e-business models.
E-business is a wider concept that takes into account all the aspects of use of information technology in business. Apart from buying and selling, it also includes servicing customers, collaboration with business partners, and engages incorporation across business processes and communication within the organisation (Rowley, 2002)