e-Business

Hey guys, today is another great day. I will be posting on the topic e-business, and hopefully you get to know about e-business.
What is e-Business

e-Business is a term which means electronic business. That is, the use of information and communication technologies (ICT) and the advantage of the Internet in a business or as an entrepreneur. The term is related with the lunching of the so called ‘new economy’, which in the 80ths and 90ths of the previous century, came with vast development of enterprise information system and the Internet. The wording ‘e-business’ was first used by the IBM in the marketing struggle in the year 1996. The idea is actively used up till date. The goal of e-Business is to refine business service quality or customers appreciation to the use of ICT and the Internet. E-Business involves enhanced communication between businesses and communication interaction with customers, suppliers, etc.

It also shows solutions to increase coherence operation of enterprises themselves, therefore enhancing the administration of the company, improving their sales, purchase, human resources, financial management, etc.

The goals of e-business
e-Business can remarkably straighten various task and create completely new communication and sales means with high-level availability, interchange of information and communication and new system of payment. Nearly all processes in enterprises, thanks to e-business; are greatly simplified and accelerated. The big expansion of e-Business has helped in creating new markets and business opportunities. The long-established paper based transactions were replaced with the electronic form (electronic reporting, online banking, searching for GPS positioning, warehouse management, electronic invoicing and other). The whole wave of a new economy prompt a huge increase in the ICT area, which is an essential part of gross domestic product of many countries.
e-Business contradiction often consist in the massive costs of some solutions but do not match their exact benefits.

The difference between e-business and e-commerce?
e-Business is for the use of ICT in business. It is usually mixed up with the term e-commerce, which is smaller meaning only for electronic commerce. E-Business is the common term for different ICT use, which are commonly denoted with the letter ‘e’:

• e-Banking
• e-Commerce
• e-Retailing, and e-Sale
• e-Customs
• e-Learning
• e-Invoicing
• e-Government
• e-Procurement
• e-Human Resources
• Customers relationship management
• Supply chain management
• Management Information Systems and Data Warehouses
• Intranet and Extranet
• Online communication such as email
• e-Project management

Thanks guys for stopping by, have a wonderful day ahead