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. The following paper outlines some of the differences and similarities of each of these e-business models. Business to Business E-Business There are many companies that offer e-business solutions, but I will be using Intel for an example. Intel is a leader in this field when it comes to the solutions they offer their clients. By utilizing a product based web experience for their business customers they have tailored their organization to effectively manage their supply chain as well as customer relations (David and Malone p. 103). Intel realizes that e-business is not only about selling products over the Internet but the involvement of managing the supply chain and customer service is also crucial. Tremendous value is added to the process of getting raw materials and also of supplying goods to retailers and distributors in a manor that is desired is required (David and Malone p. 106). The main use of business to business e-commerce is the simplification of all business communications. Intel is able to link with all business customers via the Web, which gives them instant access to each other. Their business based site allows things such as their inventories to be linked. Thus, an entire stage of business, product ordering, is eliminated. Intel is a leader in e-business supply chain management. One product they have is called TransConnect, which is an end-to-end shipping and fulfillment solution. Corporations can combine a product like TransConnect with custom-made solutions from Intel Supply Chain Consulting and experience new levels of efficiencies and customer service. This allows Intel to be more responsive and productive when meeting the needs of their customers (David and Malone p. 106-107). Bus... ... middle of paper ... ...ors are using the Internet in many different ways. However, the Internet is just like other information technologies, change management, good implementation practices and clear business objectives are required. At its most developed level, e-business aims to reduce costs and improve efficiencies by integrating business systems and eliminating duplication of effort. The main benefit for all types of e-business, business to business, business to consumer or consumer to consumer, is that the business can be run in a more efficient manor, achieving more with fewer resources and for less cost while benefit your customer. Business is no longer a one for all concept, that concept is being replaced by a consumer economy that is driven by choice. References David, W. and Malone M. “Virtual Corporations.” Forbes, 7 December 1992, p. 102-107. Menagh, Melanie. “Virtues and vices of the virtual corporation” Computerworld, 13 November 1995, p. 134. “Definition of Online Retailing”; January 10, 1997. http://www.cybersolve.com/retail.html Keen, Peter G. W. “Secret to E-Commerce”, June 14, 1999; Computer World. http://www.computerworld.com/home/print.nsf/all/990614AD62
Have you ever purchased any product on the Internet, used the Internet to collect information or data, or played computer games on the Internet? You must agree that it is fast, easy, and enjoyable. The Internet has been a part of our daily life for several years now. In addition, in the business world, a new business model, E-business and E-commerce, has appeared for several years. According to Ali, there are two main types of E-commerce: B2B and B2C (2000). One is business to business (B2B). This means that enterprises use the Internet to transact or trade between business operations and their partners. Another is business to consumer (B2C). In other words, enterprises provide products, support good, and services to the customers on the Internet.
With several thousand commercial Web sites to consider, there are a great variety of e-commerce business models.
E-business technology will be one of the key factors driving progress in the 21st century - it will change the way we live, learn, work and play. Advances in computing and communications technology will create a new infrastructure for business, scientific research and social interaction. This expanding infrastructure will provide the industry with new tools for communicating throughout the world and for acquiring knowledge and insight from information. It will provide a vehicle for economic growth through innovation and new product distribution. Information technology will make the workplace more rewarding, improve the quality of health care, and make government more responsive and accessible to the needs of our citizens (Xu, and Quaddus)
Business-to-consumer e-commerce. (2001). Center for Virtual Organization and Commerce: Louisianna State University website. Retrieved on August 25, 2005 from http://projects.bus.lsu.edu/independent_study/vdhing1/b2c/.
E-commerce is the use of electronic methods and technologies to sell and purchase either goods, services or information. The e-commerce concept was first introduced in the early 1990’s takes place over the World Wide Web. In this context, there are three distinct levels of integration in e-commerce including vertical integration and cross-business integration. The vertical level of integration involves the linkage between the front end of the website and transaction systems On the other hand, the cross-business integration involves linking a company’s website with the websites of its customers and suppliers. The third and final level of integration is the inclusion of technology to handle customers’ orders, purchases and customer service. Consequently, these three levels of integration give rise to a combination of links, information, websites and e-commerce websites, which are accessible over the internet.
E-business entails use of electronic means for daily business operations. It involves use of internet technologies for business processes, delivery of superior products as well as for reducing business costs. It can be applied in any of the business operations including production, purchasing and sales. (Manuela & Varajao, 2011)
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.
Electronic commerce, most commonly referred to as e-commerce, is a term used to describe business transactions which involve the transfer of information and goods using the power of the computer networks such as the internet and the World Wide Web. E-commerce is classified into five different categories depending on the relationship among the participants; the most common examples are business-to-business (B2B), business-to-consumer (B2C), or business-to-government (B2G). (Schneider, 2015) E-commerce has evolved drastically over the past years and this has dramatically changed the way businesses are run today. While there have been constraints and barriers which companies such as Amazon have had to be overcome, currently e-commerce is a key
The initial use of the Internet as a business tool was predominantly for marketing purposes, in the form of a public information website. The functions of e-business websites have now become much more complex and elaborate. Companies now use their websites for product support, customer service and retail sales and as a delivery channel for electronic goods and services. Businesses no longer use it for solely Business –to-Customer (BtoC) purposes. It is now widely used for Business-to-Business (BtoB) transactions also, in fact a Gartner e-commerce research group study, estimates that 14% of business to business transactions are currently made electronically, with that number expected to grow to 50% by 2009.
E-business is when information and communication (ICT) technologies are applied to support all the business activities. IBM’s marketing and Internet teams have founded the word “e-business” in 1996.
In the current business environment, the use of technology to provide solutions and more opportunities is an inevitable undertaking. This can be attributed to the proliferation of the internet and internet enabled services to most consumers. The e-commerce platform for already established corporations and business is considered an option for the online clients who are increasingly becoming willing buyers of goods and services through the online platform. Ignoring this market and sticking to only traditional markets can lead to severe consequences since it is a fast growing market. Adoption of e-commerce in businesses however should be considered as a balanced approach in targeting a new type of client. This should that organizations should not dismiss the ongoing traditional modes of transaction with their clients.
E-commerce is the use of the web to sell products and services. While the use of the web is used for many things today, making a business out of it can prove to be very sufficient. Using this method to increase your business profits could lead to an increase in customers. Three ways e-commerce can provide service for it 's customers is by managing simultaneity through customization, reducing customers errors and by using innovation as part of customer participation. Cyberservice overcomes many of the traditional problems of services marketing by giving the marketer undreamed of control over the previously capricious characteristics of services. This is because the Web, as an interactive medium, combines the best of mass production and customization.
E-commerce application is a platform where there is buying and selling of products and services which are done by businesses and consumers via an electronic medium, mostly without using any paper documents. “E-Commerce applications support transactions between businesses and their customers. They provide 24/7 customer support, allowing customers to order products, check orders and track shipping, review previous orders, reorder products, and manage their accounts.” (Auburn SeeWolf llc , 2009-2012)
By identifying potential E-business initiatives, online companies can better understand their customers as well as the supply chain of their customers and competitors (Basu, Muylle, 2007). Understanding the desires of your customers, translates into properly managing inventories. When companies dedicate their time to understanding how their product impacts a particular segment of the market, the opportunities for other e-business initiatives can be realized. Another advantage of identifying E-business initiatives can be to lower your delivery costs to both familiar and u...
The potential for businesses is enormous. Fifteen million people is a very large consumer marketplace. Consumers are not the only ones "surfing" around for info. Businesses also focus on other companies to sell their products. General Electric sold machine and appliance parts using a new business to business technology called "extranet". GE used its successful "extranet" to roll in 1996 online sales of one billion dollars. Another very successful type of business on the net is the coming of services backed by research, such as discount stock trading, including e.Schwab and a Web-only company called E*Trade. Travel services have been very promising because the transactions can be supported by extensive computer databases of useful information.