E-business is a widespread term that contains all forms of utilizing digital data and communication technologies to sustain and optimize business operations. In distinction, e-commerce represents only the online trading of products and services. According to Jaian Cuttari, the most critical part of electronic business is “electronic value creation” – the generation of electronically counted worth. Visit: https://www.youtube.com/watch?v=KutGqq95O9A&t=999s&ab_channel=BeesSocialTV

1. Jaian Cuttari-What are the features of the electronic business?
E-business is a widespread term that contains all forms of utilizing digital data and communication
technologies to sustain and optimize business operations. In distinction, e-commerce represents only the
online trading of products and services. According to Jaian Cuttari, the most critical part of electronic business
is “electronic value creation” – the generation of electronically counted worth.
The forms of electronic added value are generally characterized in the following way:
Structuring value: an online proposal reaches an overview of a big amount of data.
Selection value: an online offer delivers a particular database statement upon demand.
Matching value: an online proposal creates it feasible to incorporate questions from suppliers and buyers
more efficiently.
The core elements of e-business are information, communication, and marketing. Business associates utilize
digital networks to operate business functions using creative technologies to improve efficiency. Three
essential areas are extremely essential for e-business:
E-procurement: the electronic sourcing of products and benefits by businesses, concentrated on lowering
prices and effort.
Online stores: the electronic sale of products and services via suitable platforms, such as online stores.
Online marketplaces: electronic commerce connects the customers and suppliers of products and services.
There are also two additional areas of e-business:
Online communities: electronic communication network between people and company, which supports
information and knowledge sharing as well as the preparation of marketing judgments.
Online companies: electronic business collaboration for connecting private business services, resulting in a
digital business with a standard marketing proposal.
To completely know the idea of e-business, you must first learn the connection between e-business and the
net economy and know who the regular market participants are in the industry.
Net economy and e-business
The scope of e-business is defined by the net economy. This guides the retail benefit of digital data networks
for managing information, contact, and transaction methods via different platforms.
Market participants in e-business
According to Jaian Cuttari, E-business can take place between a considerable number of market participants:
between businesses and consumers, different private people, public administrations, and other institutions
such as NGOs.