Economy, asked by baba6329, 10 months ago

Explain how business is transforming itself to e business

Answers

Answered by laksh1499
8

Answer:

The Internet has brought about a dramatic change in the way business is done in

today’s world. And building an e-business strategy is perhaps the single most important

issue faced by corporate strategists.

e-business, of course, is not about technology itself — it’s about how you use the

technology to transform your business processes. It’s about new models of commerce,

marketing and distribution. In fact, one of the key parameters companies are being

evaluated on today is how well, and how fast, they can adapt themselves to the

Internet. The big question is, how do you keep pace with the opportunities - and

challenges - that the Internet presents?

The first step is in understanding what exactly those opportunities and challenges are.

The solutions and technology issues will follow from there.

Every company must learn to implement far-reaching changes within itself to take

advantage of the new ways the Internet allows them, to perform such functions as

purchasing, customer service, marketing and distribution, fulfillment, and interacting

with business partners. Integration is the key issue. The more you can use the Internet

to tie together your corporate infrastructure, goals, and technology, the more effective

you will be.

Here are some of the questions you need to ask yourself at any stage of your business:

How will my industry be impacted by e-business, in the near and long term?

How can we gain a competitive advantage in the e-world?

Which e-business opportunities should we pursue and invest in?

How can we become an e-business, rather than just implementing technology?

How can we be in control of all the independent e-business efforts underway in the

company?

How do we measure the impact and return on our e-business investments?

Is there a process that will allow us to leverage the strengths of our existing high-end

systems, while we move toward full e-business integration in a secure, safe and

phased manner? If such a process is available, can it provide us with enhanced

e-business processes and agility now … and not 6 months, or two

years down the road?

Can we develop new e-business capabilities without a major

investment in restructuring our enterprise systems?

Can all of this be achieved with a low Total Cost of Ownership, and a

fast Return on Investment?

e-business is the answer to all the above questions.

The new e-business capabilities will benefit your company, as well as your

customers, your employees, and your business partners. All of these

groups will be able to save time and resources. You’ll be able to enhance

your business processes, accelerate your ordering cycles, speed up

product time to market, and raise business collaboration efforts to levels

that were never possible before.

There are four different stages in the e-business cycle:

1. Transforming core business processes.

2. Building flexible, expandable e-business applications.

3. Creating a scalable, available, safe environment.

4. Leveraging the knowledge and information you’ve gained

through e-business.

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