e Business Essay

2185 WordsJan 4, 20129 Pages
E-business (electronic business) is using technology to improve your business processes. This includes managing internal processes such as human resources, financial and administration systems as well as external processes such as sales and marketing, supply of goods and services and customer relationships. How can e-business help you? E-business can benefit all types of businesses. It is not limited to technology-related products and services; companies in every field are doing business online. Networking through e-business can be applied to any part of a company's operations, including marketing and sales, purchasing and logistics, production, design and engineering. The most effective use of e-business is when several of these functions are combined. Electronic business or e-business can help your business to: • Cut costs and transaction times • Save time and money by improving internal and external functions • Streamline internal and external supply chain management • Promote, market and sell around the world and around the clock through a website • Improve customer support, communication and relationship management • Compete globally with your website against businesses of all sizes without setting up offices in other countries E-business for the small, local business E-business can make you competitive with much larger enterprises. Your market can be the world, and the Internet makes reaching that market easy. Some of you may not think your business needs to reach globally, or even inter-provincially. Think again, because e-business can work for you. Consider one type of small, local business such as a restaurant. How could it take advantage of e-business? Marketing and Sales • A website makes it easier for your customers to find you if you include your address, phone number, and a small map. Many people now go to the Web before going to the

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