Scope and Different Ways in Conducting E-Business
E-Business is defined as Conducting of Business Transactions Over Electronic networks instead of Manual Paper Work. E-Business include managing internal process such as human resource, financial transactions and administration system as well as external process such as sales and marketing , supplying goods and services and customer relationship.
E- Business Activities
Website Marketing, Email Communication with customers, Online Training for Staff, Use of Internet for conducting research and managing daily business activities, Providing after sale service through online comes under E-Business Activities.
From Traditional Business Model we are moving towards E-Business Model. E-Business and E-Commerce are not Synonyms. E-Business is a Broad Concept which also includes E-Commerce.
E-business Includes all the activities of Production, Product Development, Finance, Human Resource Management and Buying and Selling of Products. E-commerce Restricts itself to Buying and Selling of Products.
Difference Between E-Business and E-Commerce ?
Many people use the terms “e-business” and “e-commerce” interchangeably, but they aren’t synonymous. To put it simply, e-commerce refers to buying and selling online, while e-business encompasses all business conducted online. E-commerce can be viewed as a subset of e-business.
Scope Of E-business
E-BUSINESS can be conducted in many models.
Business to Business Model– All the Business Interactions which are done from One Business to Other Business Organization. Hiring an Advertising Agency , Communication with Suppliers of Raw Material through Online Mode. Also when Any Organization takes orders from Distributors who are selling the products, Business organization taking Loans from Bank Such activities come under Business to Business Commerce. Here Orders and Payments are done Electronically.
Business to Customer Model– Here Business organizations connects with its customers. Organizations using computer network sending email communications or Marketing Products through blogs or websites comes under business to customer. Example Flipkart , Redbus or any Online Shopping Websites.
Customer to Customer Model– Here Business transaction or interactions are done between customer to customer, Classified websites and Forums are best example for Customer to Customer.
Intra Business Model – Interaction between different departments with in the Organization Comes under Intra Business Model . ERP Software’s like SAP , Oracle Etc.
Business to Employee Model – Work from Home is the best example for this model. Where Business organization delivers work through online and can hire employee from different locations. saving office space and operational cost.Discussion done through tele conferencing or Video Conference. Flexible in timings.
What E business means?
Online Business or e-business is any kind of business or commercial transaction that includes sharing information across the internet. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business.
What is E business example?
Online marketplaces are websites that facilitate the buying and selling of goods and services between merchants and customers. Examples of online marketplaces include Amazon, eBay, Etsy, Fiverr and Upwork. Like online storefronts, the right choice will depend on the business itself.
What is E business strategy?
An e-business strategy defines a long-term plan for putting in place the right digital technology for a company to manage it’s electronic communications with all partners – that’s internal through the intranet and externally through to customers, suppliers and other partners.
Why is e business important?
E-business allows companies to reach more consumers in a much broader economic market. Companies can sell goods and services to national and international markets through the use of a website. Additionally, sales can occur 24/7 since many companies do not shut down their website.
What is E business in simple words?
Electronic business (e-business) refers to the use of the Web, Internet, intranets, extranets or some combination thereof to conduct business. E-business is similar to e-commerce, but it goes beyond the simple buying and selling of products and services online.
What is the use of e business?
Business activity which uses electronic medium. E business or electronic business is the administration of conducting business via the internet . This world include the buying and selling of goods and services along with providing technical or computer support through the internet.
What is the nature of e business?
E-business encompasses a broad variety of businesses, but the basic premise is its reliance on the Internet for commerce. The organization uses online media to promote, buy and sell various products and services. Additionally, being solely online allows an e-business to access the entire world market with ease.
What is scope of e business?
E-Business include managing internal process such as human resource, financial transactions and administration system as well as external process such as sales and marketing , supplying goods and services and customer relationship.
So Finally we can Conclude E Business has Tremendous Scope.
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