What is E-business Unit 3: E-business.

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Presentation transcript:

What is E-business Unit 3: E-business

What is E-business E-Business - is short for electronic business It is the activity of doing business electronically The effective use of information technology enables businesses to perform many business activities quickly and easily The most common form of e-business uses web technology Web sites are used by business for many different purposes

E-business Tools A wide variety of technological tools are used in e-business including: Web Sites Email Online Forms Databases Spreadsheets Video Conferencing Scheduling Software Ordering Systems

E-business Activities The following are examples of e-business activities: Communicating via email (customers, employees, clients) Online ordering of products and services Selling products or services through a web site Providing information about products and services through a web site Providing product support through a web site Researching on the Web to find information (prices, phone numbers, products and industry trends) Managing information within the business Conducting financial transaction using online banking and electronic funds transfer

E-business Advantages E-Business has enabled business to establish new ways to make money Businesses also use e-business tools to connect people together (they can work more closely with their partners, suppliers and customers) By employing e-business systems, they can link their internal and external processes together more efficiently and flexibly An online purchasing system will be much faster, efficient and less error prone that older paper-based purchasing systems Online payment gets the money to the business much faster and with fewer problems

Online Shopping Answer the following questions on your own Be prepared to discuss as a class: Have you, your family or friends purchased anything online? What are the advantages to the consumer of online shopping? What are the dangers, pitfalls and disadvantages to buying something online? What can you do to avoid these problems? What can the online business do to avoid causing problems for their customers?