Impact of e-Business on a typical business

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What is the impact of e-Business on a typical business?

There has been tremendous impact of e-Business on the typical businesses. The information is exchanged much more quickly than any other thing which is helping the organizations to make more quick and accurate decisions. E business has removed geographical and time restrictions for the organizations. It also helps in following:
? Recording and analyzing strategic management records : processing these strategic management records into industry trends reports, market share reports, mission statements, and portfolio models
? Use of all the above to implement and control the businesses.

Thus they are more connected and knowledge seeking to improve the processes, quality, technology and overall customer delight. Due to e business there is much more agility to improve and also to respond to the needs of the customers, vendors, government and to society at large.

What must a company do to transform its strategy when it decides to transform into an e-Business?

One of the things that the company must do is to transform value propositions of goods and services offered. The ultimate aim is to provide a complete end to end consumer experience---right from the promise to satisfy his need to its delivery.
But the physical world offers only "Point Solutions" which is basically a solution of his needs in terms of functional benefits. A credit card, for instance, allows consumers to satisfy the immediate necessity of settling a transaction. But today's consumers are also looking for process and relationship benefits----book referrals at no extra cost or e-mail reminders. The physical world is not able to deliver these benefits because of gaps in time, space and memory. The web, on the other hand provides all of these by giving the company the ownership and control over all interactions with the consumer.

Why is scalability important in building an e-Business IT infrastructure?
Conversion of data to effective use has been well expressed by Hugh Garai in four steps as:
Data + Relevance + Purpose = Information
Information + Insight = Understanding
Understanding + Communication = Intelligence
Intelligence + Action = Effectiveness
IT can be deployed to complete this tour from data to effectiveness but only in the presence of strong business vision and strategy. Thus the business has greatly enhanced the capacity for business to access interpret the data. But to set up such infrastructure requires great amount of time, cost and effort. This required scalability in building to reap economies of scale. Large businesses can aggregate customer data from different sectors of their business to a central database enabling for clearer analysis and better decision making.

How can Internet-based technologies be used to automate the supply chain?
Internet based technologies focuses on globalization and information management tools, which integrate procurement, operations, and logistics from raw materials to customer satisfaction. With the widespread implementation and acceptance of e-business, the traditional methods and ...