How important is the e-business in today's world and how do you think it effects decision making in business?

 E business (Electronic business) has become a way of life in the modern global economy.The term "e-business" was coined by IBM's marketing and Internet teams in 1996. Electronic business, commonly referred to "e-business", or an internet business.                                              

An E-Business is an establishment, whose primary, and often only, form of trade is "electronic"...It is also defined as the application of information and communication technologies (ICT) in support of all the business activities.In this modern age we cant think about progress of  any business without Ebusiness. Actually e-business means: Effective procurement and supply chain, makes sales teams more effective, the ability to outsource functions such as accounting, remote access to systems, linking management teams from different locations, able to locate the lowest cost supplier, improvements customer services, progress in collection of customer information for databases and more effective management of various remote manufacturing sites.

E-business allows to deal directly with supply chain, since orders, invoices and even payments take place online.It also helpful in  promoting relationships between different firms for mutually beneficial results. Proper and effective e-business relationships save time, require fewer people and allow for fewer mistake..Ebusiness plays vital role in improving efficiency, speed and quality without additional cost, and make it easy to do business around the clock, no matter where we are. E-business can be easily conducted using the web, the Internet, or some combination of these.

In today's world e-business is extremly important for many reasons because it refers to not only buying and selling but also servicing customers and collaborating with business par.


 E-Business  is the term which is used to describe the information systems and applications that support and drive business processes, most often using web technologies. 

It allows organizations to link their internal and external processes more efficiently and effectively, and work more closely and co-operatively with suppliers as well as partners to better satisfy the needs and expectations of their customers, with improvements in all over business activities.

While a website is one of the most common implementations,therefore e-Business is much more than just a web presence. There are a vast array of internet technologies which is designed to help businesses work more easier not harder.

In conclusion this is a low-cost digital link between consumers and providers been so important in the world economy.e-business is not merely an option,it is a matter of survival.Thus for all these factors , the e-business currently plays a fundamental role in the global economy.

References:

 Essay: How important is the e-business in today's world and how do you think it effects decision making in business?. 2012. Essay: How important is the e-business in today's world and how do you think it effects decision making in business?. [ONLINE] Available at: http://www.coursework.info/AS_and_A_Level/Business_Studies/ICT_in_Business/How_important_is_the_e-business_in_today_L32009.html. [Accessed 23 May 2012].

http://en.wikipedia.org/wiki/Electronic_business