Impact of E-Business on Organization
Electronic business is utilization of information and communication technologies so as to support the business activities. As commerce is one of the essential activities for practically any business, the concept of e-commerce is topical in today’s world. Electronic commerce is focused on the use of IT in establishing external relationships and activities of business with customers and other companies. But e-commerce is just a part of the e-business strategy, which usually involves a wide variety of processes that cover the whole value chain: electronic processing of the orders, supply chain management and electronic purchasing, establishing online customer care service and cooperation with business partners.
By implementing e-business strategies, companies aim at exploiting the availability, convenience and worldwide reach of Internet. With their help, it is possible to work more closely with suppliers and partners, better understand the needs of customers and satisfy them, as well as link external and internal data processing systems much more effectively.
Today practically all the companies try to make use of the advantages e-business offers. Moreover, without this component of business, it is often impossible to stand the competition and be successful in the majority of fields. On it the profit of the company considerably depends, as well as its image and reputation. Fortunately, the developments available in the field of e-business make its integration affordable and optimal. If highly qualified experts are employed to handle this aspect of business, the company is sure to attract many customers and create successful and interesting image.
Firms should pay proper attention to…