E-Business. Classification, Development And Implications Of E-Business Essay

E-Business. Classification, Development And Implications Of E-Business On young Organizations - Essay ExampleThe global information infrastructure served as the foundation for new methods of personal interaction, communication, performance and this has tremendously changed the way people did work. From the mid 1990s, global networking platform grew rapidly until 2000 and has started showing major signs of winner stories of many multinational companies by 2003 (Schneider, 2011, p. 4). Within just few years after the mid 1990s, the internet-based stock has become a larger part of the total economy.Electronic Business, generally termed as E-business, is one of the close important aspects to emerge from the internet. E-business is more than another way to sustain and improve the traditional business practices. almost of the researchers highlighted the revolutionary aspects of e-business adoption and its positive impacts on human life whereas some others suggested that e-business is a kind of lush innovation as it radically changes the traditional way of carrying out business. E-marketing, E-banking, E-learning, E-government etc are other major find developed with the use of internet technology. This melodic theme provides detailed answers to the questions what is E-business and how does it matter to an organization. Based on relevant literatures, this paper examines the theoretical perspectives of e-business and describes its general impacts to a business organization. This paper will focus on the field of e-marketing and examines how e-marketing is influencing nowadayss business and marketing arenas. E-business The terms E-commerce and E-business are often used interchangeably, but they are clear concepts. E-commerce is a term used to describe the process of transacting business over the internet, but E-business involves the fundamental reengineering of the business model in to the internet-based networked enterprise. More specifically, ecommerce is nar rower in the sense that it refers only to the buying and selling of goods or operate by using internet technology, whereas E-business accounts for all business activities, including both internal and external, that are conducted online. E-business describes the information corpse and application using the internet to support and carry out business processes. As Bartels (2000) noted, to be genuinely specific about the difference, E-business includes E-commerce, but also covers organizations internal activities such as manufacturing, parentage management, financing, human resource management, knowledge management etc. With E-business, companies can link its internal and external activities genuinely effectively to work more closely with different stakeholders such as suppliers, partners, and customers etc to satisfy customers needs. Grefen (2010) strongly argued that to begin with troika criteria are to be met to call a combination of business activities and information technol ogy e-business. These three criteria are 1- The business activities must be core activities. The activities must be directly related to the motive of the existence of the business. 2- The use of information techn