Electronic business or e-business is the use of ICT toimprove business (from the use of email to facilitateadministrative procedures in buying and sellingthrough the Internet).
E-BUSINESS CONCEPTSE-business defined from the followingperspectives: Communications: Commercial (trading): Business process Learning Collaborative Community
TYPES OF E-BUSINESS Business-to-business (B2B) Business-to-consumer (B2C) Consumer-to-consumer (C2C) Business-to-government (B2G) Business-to-employee (B2E) Mobile commerce (m-commerce)
Evolution of e-business 1997: Introduction of a brand new phrase – e-business 1999: The emphasis of e-business shifted from B2C to B2B 2001: The emphasis shifted from B2B to B2E, c-commerce, e-government, e-learning, and m-commerce 2004: Total online shopping and transactions in the United Statesbetween $3 to $7 trillion E-business will undoubtedly continue to shift and change
THE FOLLOWING IS A LIST OF THE CURRENTLYMOST ADOPTED E-BUSINESS MODELS SUCH AS: E-shops E-commerce E-procurement E-malls E-auctions Virtual Communities
How is e-business different? Reduction in physical boundaries and distance; Serve larger customer base more efficiently; Target specific customer groups; The Internet is an interactive marketing medium; More detailed information on customer transactions; and Improved transaction efficiency.