I need to get a better understanding of e-business trends that are dominating the market today. Once i get a grasp of what the trends are i will be able to better understand my readings.
What i need is a list of e-business trends that are dominating the market today with a brief description.
E-business is a strategy, which uses technology to achieve business goals. It is basically an evolution in the way companies interact. It provides information to facilitate delivery of goods and services and supports change initiatives and reinforce business process reengineering. It improves external business relationship also.
At the dawn of the new millennium, if we look back at the last century, we will realize the changes the world has seen. And even the changes are becoming rapid. The main reason of changes is technological innovation. The ever-changing technology has affected business as well like it has affected all other walks of life. Here are some of the key changes in today's business environment, which would include the following facts:
The world is more competitive
We are all competing in a global economy.
Geographic boundaries have become almost incidental.
Competitors are coming from outside traditional core business.
Margins are thinner, with severe impact on cost structures and profitability.
Customers are less loyal, but more sophisticated and ever more demanding.
Labour and primary input related cost competitive advantages are short lived at best.
Technological shifts in information availability and processing power have virtually eliminated the information float from business processes.
TYPE OF BUSINESSES ON INTERNET
There are three types of businesses that can take place on Internet. They are:
Business to consumer (B to C)
Business to business (B to B)
Consumer to consumer (C to C)
Business to consumer
In this segment, we have the businesses that directly sell to end customers. Typically, the per customer volume of transaction is low but the number of customers serviced is large. To draw a large number of customers these sites need to do a lot of advertising, both on and off the net and are thus much more visible than other segments.
Business to business
As the name indicates, this means businesses that sell to other businesses. E.g.-Intel sells it's chips to other businesses-which make computers, motherboards and other digital devices.
This serve a limited number of people but the turnover of many a business-business site would be many times that of most famous business to consumer sites. And most importantly, they make profits. Today, Intel takes orders from its customers over the net and makes ...
This gives the list of e-business trends