E-Business
1- Abstract
2- About E-Business
3- Advantages and Disadvantages
4- The impact if e-business on a typical business
5- What a company must do to transform its strategy when it decides to transform into e-business
6- Conclusion
7- References
Abstract
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.
Week One Related Article: E-Business
To understand e-business, it is defined as the processes and tools that allow an organization to use Internet-based technologies and infrastructure, both internally and externally, to conduct day-to-day business process operations (Cylogy.com, 2005). 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...
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...ast few years and as technology permits, it will continue to do so well into the future.
References
Cylogy.com (2005), Definition of e-business retrieved November 13, 2005 from
http://www.google.com/search?hl=en&lr=&
oi=defmore&defl=en&q=define:e-business
DeLong, J. Bradford (2000), The Impact of e-business: A Historical Perspective,
retrieved November 13, 2005 from http://www.j-bradford-delong.net/TotW/commerce2000.html
Green, Nancy (2004), Proven Strategies to jump Start E-Business, retrieved November
13, 2005 from http://www.dmreview.com/article_sub.cfm?articleId=2750
Shaw, Jack (2005), Developing a Strategy for Your e-Volving Corporation, retrieved
November 13, 2005 from http://www.e-com.com/article-e-volvingcorp.html
Siebel, Thomas (2004), Taking Care of e-Business, retrieved November 13, 2005 from
http://www.itsstimes.com/aug2001.htm
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Oracle E-Business Suite is a bundling of several oracle based applications released in February of 2007. The goal is to integrate the global business applications involved with doing online business. And as a result, enables organizations to reduce costs, make better decisions, and increase performance. This is made possible by Oracle’s core relational database management system. No matter if the organization is large, small or medium size, it will be able to help customers manage complexities and solve business related issues. Some of the benefits of Oracle’s E-Business Suite include: lower total cost of ownership compared to IBM POWER7+ by 4 times, easily supporting up to 2,000 concurrent users for higher workloads or further
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The e-commerce company’s strategy focus allowed it to differentiate itself by providing better services to its customers. The company put an innovative business model in which customers would try out the company’s services without any cost. As time progressed, the company was able to generate revenue from alternative means. In addition, the company began to generate revenue from an increase in the willingness of its users to pay for additional
The Electronic Commerce, or e-commerce industry, is one of the most conductive sectors of the economy. E- Commerce is an interesting combination of business models and new information technologies as it deals with the buying and selling of goods and services over the Internet. The three major electronic commerce categories are: business –to- consumers (B2C)
At the core of the development of an e-business strategy for any particular organization lays several issues that need to be spotted on by any person who intends to successfully develop either a B2C e-business model or a B2B e-business model. Due to the rapid development of technology and globalization in the 21st century, e-business has suddenly become an important means of conducting business transactions given the big difference in both businesses and consumers’ way of living prior and during the advent of technology.
Over the past decade, e-commerce has grown significantly due to the rapid globalization. The increased globalization has resulted from tech...
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...
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Since its comet-like boom in the nineties the internet has attracted myriads of companies to do business on this boundaryless media. And the boom does not seem to stop. eCommerceis a catchword, which stands for a whole branch of new types of businesses that mushroomed up in the last couple of years. Retailers, all sorts of companies, even law offices are using the web for their daily business. There seems to be no comparable other way to develop and exploit global markets. The internet is more and more used as a fast, innovative and cost-saving tool to gain and serve customers where they feel most comfortable and relaxed, namely right in their office or at home (Jonscher, 1999, p.204). In the following there are just three examples of companies, which base a significant fraction of their business on the web.
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
In this write up the focus is mainly on e-business. It consists of critical discussion and analysis of the impact of adopting e-business orientation. It also contains relevant information on the current state of e-business market.