Electronic business, generally referred to as “eBusiness” or “e-business”, may possibly be defined as the application of information and communication technologies (ICT) in help of all the activities of enterprise. Commerce constitutes the exchange of merchandise and solutions amongst firms, groups and individuals and can be observed as one particular of the vital activities of any organization. Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the enterprise with individuals, groups and other companies.
Louis Gerstner, the former CEO of IBM, in his book, Who Says Elephants Cannot Dance? attributes the term “e-Business” to IBM’s advertising and marketing and Web teams in 1996.
Electronic business approaches allow companies to hyperlink their internal and external data processing systems much more efficiently and flexibly, to work more closely with suppliers and partners, and to far better satisfy the wants and expectations of their customers.
In practice, e-business is far more than just e-commerce. Even though e-company refers to far more strategic focus with an emphasis on the functions that occur utilizing electronic capabilities, e-commerce is a subset of an all round e-organization method. E-commerce seeks to add revenue streams using the World Wide Net or the Internet to construct and improve relationships with consumers and partners and to enhance efficiency utilizing the Empty Vessel strategy. Usually, e-commerce involves the application of understanding management systems.
E-organization involves organization processes spanning the whole worth chain: electronic acquiring and provide chain management, processing orders electronically, handling customer service, and cooperating with enterprise partners. Specific technical standards for e-enterprise facilitate the exchange of information amongst firms. E-business software options permit the integration of intra and inter firm enterprise processes. E-business can be conducted making use of the Net, the Net, intranets, extranets, or some combination of these.
Basically, electronic commerce (EC) is the method of getting, transferring, or exchanging items, services, and/or info via computer networks, such as the net. EC can also be benefited from many perspectives such as organization process, service, finding out, collaborative, neighborhood. EC is usually confused with e-business.
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