E-Business

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The response addresses the queries posted in 1589 words with references.

//Before writing about the business and its strategies at the international level, firstly we have to understand the concept of the electronic business. We should know that how electronic business helps the business organizations to operate its functions all over the world. This will also help us to understand the importance of the electronics and internet technology in the business environment for example: //

E-Business

Electronic Business

Electronic Business is generally referred to as E-Business and has been described as the business transactions and processes that rely on mechanized information system. In today's business world, web-based technologies are used for this purpose. In order to satisfy the needs and expectations of the customers and to work more closely with suppliers and partners, various methods of e-business are used by the companies that help in linking their internal as well as external data processing systems more flexibly and efficiently.

E-business describes the use of electronic means and platforms to conduct a company's business. The advent of the Internet has greatly increased the ability of companies to conduct their business faster, more accurately, over a wide range of time and space and at a reduced cost (Kotler, 2002). The companies generally adopt an e-business model, to make significant changes in the processes of business. The strategic planning is important to plan the future of the changes as these changes can threaten the existence of the company (Wheelen & Hunger, 2004).

In reality, e-business is more than simple e-commerce. Whereas, e-business refers to more strategic focus emphasizing on the functions that take place using the electronic capabilities, e-commerce is a part of a general or complete e-business strategy. E-commerce looks for adding revenue flows through the use of the World Wide Web or the Internet in order to build and enhance relationships with clients and partners and to improve efficiency using the Empty Vessel strategy. Generally, the application of knowledge management systems is included in the e-commerce.

E-business is concerned with business processes across the entire value chain; electronic purchasing and supply chain management, processing orders electronically, handling customer service and co-operating with business partners. The exchange of data between companies is made easy through the Special technical standards for e-business. With the E-business software solutions, the intra and inter firm business processes can be integrated. E-business can be carried out with the use of the Web, the Internet, intranets, extranets or a combination of these.

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