E-Business
Starting out as a government and research network, the Internet became available to the public in the early 1990's attracting millions of users. Since then, the Internet has become the largest and most important network. In 1998, the Internet had 100 million users; that number is doubling every year. The Internet has revolutionized the businesses of today. Instead of having physical stores, companies can sell their products right off of the Web. There are millions of electronic businesses on the Web; some companies have been a huge success and some have been a huge failure. In order for an e-business to survive a company must understand the market in E-Business, the importance of E-Intelligence, understand the failure of other businesses, and develop an E-Readiness plan.Electronic commerce enables companies of all sizes and all market sectors to compete on the same stage. The Web slashes through the barriers of geography and time to reduce a company's cost. Terry Hiles, a e-businessman, says, "With about 550 million potential customers using the Internet by the year 2000 the opportunities for electronic commerce will be massive, If you don't wake up to what's happening you'll lose out to compan
The growth of online businesses will have a lasting impression on the business industry for years to come. E-businesses have redefined the boundaries for operating a company. In this highly competitive market, some corporations have made millions, while others are left on the sidelines to watch. What makes the difference? The ones who succeed are the ones who understand the market, utilize E-Intelligence, understand the failure of other businesses, and developed a successful E-Readiness plan. 3. Service and support are important elements in differentiating companies. E-intelligence is a system that provides e-business information, applications, and services to internal business users, trading partners, and corporate clients. The system is fast and easy, and it provides companies with vital information on the consumers' needs. E-intelligence offers a number of business benefits: Many failures can be avoided with the correct mix of systems and strategies. To avoid making the mistakes many others have made, it is important to realize where they went wrong. A major part of some businesses' downfall is caused by the lack of competent back office systems and software to support their company effectively. There are some crucial points that some dot.coms failed to recognize. First, you cannot deliver goods to an e-mail address. Secondly, a direct sales organization must deliver quickly and efficiently to compete with more reliable companies. While it is enticing to jump on the e-business bandwagon, the question remains just how ready is the o
Some common words found in the essay are:
Terry Hiles, E-Business Starting, business intelligence, business users, product supply, business information, competitive market, trading partners, e-readiness plan, product supply chains, instead physical stores, e-intelligence understand failure, business intelligence system, understand failure businesses, supply chain, e-intelligence system, intelligence system,
Approximate Word count = 1047
Approximate Pages = 4 (250 words per page double spaced)
|
