E-business (electronic business), derived from such terms as "e-mail" and "e-commerce," is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners. One of the first to use the term was IBM, when, in October, 1997, it launched a thematic campaign built around the term. Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. Companies are using the Web to buy parts and supplies from other companies, to collaborate on sales promotions, and to do joint research. Exploiting the convenience, availability, and world-wide reach of the Internet, many companies, such as Amazon.com, the book sellers, have already discovered how to use the Internet successfully [1]
eBusiness is here whether we like it or not. We can use the internet for every aspect of our lives, be it sharing personal experiences, shopping online or using documents for business use. With businesses watching our every move and marketing according to likes and dislikes, eBusiness can become, quite possibly, the answer to our economy’s poor state of affairs. Businesses can offer the convenience of shopping and paying online, as well as comparison shopping for best prices and consumer best choices as a one-stop-shopping internet site. Companies buy from others and offer the consumer the best of everything. On an increasing basis, consumers turn to the Internet to purchase and research items like dishwashers, cars, stocks, travel and even clothing. According to a September 2007 Pew Internet & American Life Project survey, 49 percent of Americans have bought a product online and 60 percent rely on the Internet to conduct product-related research.[2] The benefits of eBusiness to the consumer is vast. Businesses can reach virtually every part of the world for the best product and offer it to the buyer at competitive prices on a single site. The rapid growth of the internet commerce in recent years presents established small businesses with a serious dilemma. On the one hand, they can stick with the business model that has worked for them for the last number of years. On the other hand, they can make the shift to serious eBusiness. Choosing to stand pat is usually much easier in the short term. But in the longer term this almost certainly means they will be left behind by technology, and lose many of their most important clients to more aggressive competitors. [3]
As a consumer, utilizing an eBusiness is the most economical way of shopping and decision making. Comparison shopping, best prices and best products all can be researched and we can now make a true educated decision on our purchases. Returns and receipts are kept in databases making the process simpler as well. With the choice of free shipping and online specials and the convenience of shopping at home, an eBusiness is lucrative both for the consumer and the company.
eBusiness is here whether we like it or not. We can use the internet for every aspect of our lives, be it sharing personal experiences, shopping online or using documents for business use. With businesses watching our every move and marketing according to likes and dislikes, eBusiness can become, quite possibly, the answer to our economy’s poor state of affairs. Businesses can offer the convenience of shopping and paying online, as well as comparison shopping for best prices and consumer best choices as a one-stop-shopping internet site. Companies buy from others and offer the consumer the best of everything. On an increasing basis, consumers turn to the Internet to purchase and research items like dishwashers, cars, stocks, travel and even clothing. According to a September 2007 Pew Internet & American Life Project survey, 49 percent of Americans have bought a product online and 60 percent rely on the Internet to conduct product-related research.[2] The benefits of eBusiness to the consumer is vast. Businesses can reach virtually every part of the world for the best product and offer it to the buyer at competitive prices on a single site. The rapid growth of the internet commerce in recent years presents established small businesses with a serious dilemma. On the one hand, they can stick with the business model that has worked for them for the last number of years. On the other hand, they can make the shift to serious eBusiness. Choosing to stand pat is usually much easier in the short term. But in the longer term this almost certainly means they will be left behind by technology, and lose many of their most important clients to more aggressive competitors. [3]
As a consumer, utilizing an eBusiness is the most economical way of shopping and decision making. Comparison shopping, best prices and best products all can be researched and we can now make a true educated decision on our purchases. Returns and receipts are kept in databases making the process simpler as well. With the choice of free shipping and online specials and the convenience of shopping at home, an eBusiness is lucrative both for the consumer and the company.
I like how you suggest that using eBusiness is the most economical way of shopping and decision making, I agree. By shopping online, you are able to search through several stores at once finding the best price. Comparison shopping has changed the shopping world because of how quickly you can look at products from different stores and compare the prices. I also agree with what you are saying about eBusiness being easier and more effective for both the consumer and the company.
ReplyDeleteGood general information on e-business. I agree that the are incredible benefits for both businesses and consumers. There does appear to be a detrement for business in shopping online, as I think of all the impulse buying that happens inside an actual store, whether it be visual displays, instant or unadvertised sales, or items that catch one's eye at the chechout. However, I have even noticed when making purchases online, that right before submit a sale, some companies will try to upsell or ask you if you would be interested in another item (or service.) Good job reporting, but perhaps a bit short less the quoted sources.
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