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"What Is eBusiness?"
What Is eBusiness?
Author:
Raymon Androckitis
There is no universally accepted definition of eBusiness. It embraces all aspects of buying and selling products and services over a network. The essential characteristics of eBusiness are that the dealings between two parties, be it business to consumer or business to business, are online transactions, and that the key commodity being traded is information.

In effect, we see eBusiness as the gateway to a deal - it is a transaction that may, but doesn't necessarily have to, lead to the delivery of a physical product. There are several commonly used names for eBusiness, the most popular being eCommerce and eTrade. Some of the more academic treatises attempt to distinguish the terms (for instance, eCommerce is sometimes limited to the buying and selling of goods and the flows of associated information and funds; eTrade can be viewed as covering only supplier to supplier transactions).

Whichever term is used there is a clear differentiation between the 'e' and the 'business', 'commerce' or 'trading'. The former is a question of technical capability, the latter the way in which that capability is applied. Put them together and you end up with something more than the sum of their combined parts. New possibilities and requirements emerge.

Therefore, the focus of the emerging world of eBusiness will be on:
  • Technical aspects-the hardware, software and networks that are needed to connect a community of interest and allow them to share information. This also covers the design and presentation of that information. An important part of eBusiness technology is the specialised software used for payments (billing, charging, invoicing, account management), security (authorisation, authentication, privacy, data integrity and audit) and service support (problem management, configuration control and order handling).
  • Business model - how businesses interwork, and how this influences the way in which they are established and the way in which...

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essay on What Is eBusiness?
Pages:
11 (2801 words)
Comments:
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Added:
03/16/2011
Category:
Business
Plagiarism level of this essay is: 90%
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05/17/2010
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