Question

Discuss in detail about the e-business? How did the concept originate?

Answer 1

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Electronic business (e-business) refers to the use of the Web, Internet, intranets, extranets or some combination thereof to conduct business. E-business is similar to e-commerce, but it goes beyond the simple buying and selling of products and services online. E-business includes a much wider range of businesses processes, such as supply chain management, electronic order processing and customer relationship management. E-business processes, therefore, can help companies to operate more effectively and efficiently.
In 1994, IBM, with its agency Ogilvy & Mather , began to use its foundation in IT solutions and expertise to market itself as a leader of conducting business on the Internet through the term "e-business."
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Answer 2

Discussion on the e-business is as follows:

• Using of Internet, Web, extranets and intranets are included in E-business. The process of electronic order, management of customer relationship are also included in this.
• Product control, selling, buying, payments are the functions of e-business.

The way of origination of concept of E-business is as follows:

• E-business which is actually online business, includes sharing of information over internet, is the term coined in 1996 by marketing and internet team of IBM.