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Unit 1_Introduction to E Business

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9 views

Unit 1_Introduction to E Business

Uploaded by

Saklin Mustak
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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E-Business

BBAL303
BBA.LL.B. SEM III
UNIT 1 - INTRODUCTION TO E- BUSINESS
Introduction
 The Age of Knowledge -
why? - “knowledge is power” and “content is king” for
business conducted on the Internet

 The Internet has changed the way people communicate,


conduct business and manage their daily lives
 Technologies reviewed, Resources used

 World Wide Web • Locate and view multimedia-based


documents on almost any subject • Makes information
instantly and conveniently accessible worldwide • Possible for
individuals and small businesses to get worldwide exposure •
Changing the way business is done
Continued
 EC applications first developed in the early
1970s Electronic funds transfer (EFT)  Electronic data interchange (EDI) —
 Limited to:  electronic transfer of documents:
• Large corporations • Purchase orders
• Financial institutions • Invoices
• A few other daring • E-payments between firms doing business
businesses

Enlarged pool of participants to include:


• Manufacturers
• Retailers
• Service providers
Concept of E- Business

 The terms e-business and e-commerce, often used interchangeably

 E-business and e-commerce have increased the speed and ease


with which business can be transacted, resulting in intense
competition among online vendors. To remain viable, e-businesses
must adjust to evolving technologies, continually integrate new
systems and satisfy a wide variety of consumers

 The conversion of brick-and-mortar businesses (businesses that


have only a physical presence) into click-and-mortar businesses
(businesses that have both an online and an offline presence) has
occurred worldwide in nearly every industry
E- Business and E-Commerce

 According to Andrew Bartels, vice president and research


leader of ecommerce trends at Giga Information Group, Inc.,
“E-commerce refers to aspects of online business involving exchanges
among customers, business partners and vendors.
For example, suppliers interact with manufacturers, customers
interact with sales representatives and shipment providers interact with
distributors. - Amazon.com®, eBay®, Yahoo!® a
“E-business encompasses these elements, but also includes
operations that are handled within the business itself.
For example, production, development, corporate infrastructure and
product management are aspects of e-business not included under the
category of e-commerce

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