Electronic Business, commonly referred to as "eBusiness" or "e-Business", may be defined as the utilization of information and communication technologies (ICT Information and communication technologies is an umbrella term that covers all advanced technologies in manipulating and communicating information. The term is sometimes used in preference to information technology (IT), particularly on these two communities: education and government. The common usage ICT is synonymous assumed the fact that IT or) in support of all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and hence can be seen as one of the essential activities of any business. Hence, electronic commerce or eCommerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses [1].
Louis Gerstner Louis V. Gerstner, Jr. KBE was chairman of the board and chief executive officer of IBM from April, 1993 until 2002 when he retired as CEO in March and chairman in December. He is largely credited with turning around IBM's fortunes, the former CEO of IBM, in his book, Who Says Elephants Can't Dance? attributes the term "e-Business" to IBM International Business Machines Corporation, abbreviated IBM, is a multinational computer technology and IT consulting corporation headquartered in Armonk, New York, United States. The company is one of the few information technology companies with a continuous history dating back to the 19th century. IBM manufactures and sells computer hardware's marketing and Internet teams in 1996.
Electronic business methods enable companies to link their internal and external data processing systems more efficiently and flexibly, to work more closely with suppliers and partners, and to better satisfy the needs and expectations of their customers.
In practice, e-business is more than just e-commerce Electronic Commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way,. While e-business refers to more strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce Electronic Commerce, commonly known as e-commerce or eCommerce, consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks. The amount of trade conducted electronically has grown extraordinarily with widespread Internet usage. The use of commerce is conducted in this way, is a subset of an overall e-business strategy. E-commerce seeks to add revenue streams using the World Wide Web The World Wide Web is a system of interlinked hypertext documents accessed via the Internet. With a web browser, one can view Web pages that may contain text, images, videos, and other multimedia and navigate between them using hyperlinks. Using concepts from earlier hypertext systems, English physicist Tim Berners-Lee, now the Director of the or the Internet The Internet is a global system of interconnected computer networks that use the standardized Internet Protocol Suite to serve billions of users worldwide. It is a network of networks that consists of millions of private and public, academic, business, and government networks of local to global scope that are linked by copper wires, fiber-optic to build and enhance relationships with clients and partners and to improve efficiency using the Empty Vessel The quotation, "As empty vessels make the loudest sound, so they that have the least wit are the greatest blabbers," is from the Greek philosopher Plato strategy. Often, e-commerce involves the application of knowledge management Knowledge Management comprises a range of practices used in an organisation to identify, create, represent, distribute and enable adoption of insights and experiences. Such insights and experiences comprise knowledge, either embodied in individuals or embedded in organisational processes or practice systems.
E-business involves business processes spanning the entire value chain The value chain, also known as value chain analysis, is a concept from business management that was first described and popularized by Michael Porter in his 1985 best-seller, Competitive Advantage: Creating and Sustaining Superior Performance: electronic purchasing and supply chain management Supply chain management is the management of a network of interconnected businesses involved in the ultimate provision of product and service packages required by end customers (Harland, 1996). Supply Chain Management spans all movement and storage of raw materials, work-in-process inventory, and finished goods from point of origin to point of, processing orders electronically, handling customer service, and cooperating with business partners. Special technical standards for e-business facilitate the exchange of data between companies. E-business software solutions allow the integration of intra and inter firm business processes. E-business can be conducted using the Web The World Wide Web is a system of interlinked hypertext documents accessed via the Internet. With a web browser, one can view Web pages that may contain text, images, videos, and other multimedia and navigate between them using hyperlinks. Using concepts from earlier hypertext systems, English physicist Tim Berners-Lee, now the Director of the, the Internet, intranets An intranet is a private network that uses Internet protocols to securely share any part of an organization's information or operational systems within that organization. The term is used in contrast to internet - a network between organizations - and instead refers to a network within an organization. Sometimes the term refers only to the, extranets An extranet is a private network that uses Internet protocols, network connectivity, and possibly the public telecommunication system to securely share part of an organization's information or operations with suppliers, vendors, partners, customers or other businesses. An extranet can be viewed as part of a company's intranet that is extended to, or some combination of these.
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Market Wire (press release)
Most recently Vice President and Director of National Sales for LION, Inc. of Seattle, WA, Eckert has a history with mortgage technology products and e-business solutions that spans 20 years. During his tenure at LION, Inc., his extensive industry ...
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