2. Electronic business or e-business is the use of ICT to
improve business (from the use of email to facilitate
administrative procedures in buying and selling
through the Internet).
3. E-BUSINESS CONCEPTS
E-business defined from the following
perspectives:
Communications:
Commercial (trading):
Business process
Learning
Collaborative
Community
5. Evolution of e-business
1997: Introduction of a brand new phrase – e-business
1999: The emphasis of e-business shifted from B2C to B2B
2001: The emphasis shifted from B2B to B2E, c-commerce, e-
government, e-learning, and m-commerce
2004: Total online shopping and transactions in the United States
between $3 to $7 trillion
E-business will undoubtedly continue to shift and change
6. THE FOLLOWING IS A LIST OF THE CURRENTLY
MOST ADOPTED E-BUSINESS MODELS SUCH AS:
E-shops
E-commerce
E-procurement
E-malls
E-auctions
Virtual Communities
8. How is e-business different?
Reduction in physical boundaries and distance;
Serve larger customer base more efficiently;
Target specific customer groups;
The Internet is an interactive marketing medium;
More detailed information on customer transactions; and
Improved transaction efficiency.