chaptr1 Introduction to e-business.pptVIP

Contents 1.e-Business vs e-Commerce 2.What makes e-Business different from business? 3.The rise and fall of the economy 4.Characters of e-business 5.Types of e-business 6.Evolution of e-business 7. benefits for e-Business applications 8. Advantages and Disadvantages of E-business 2.e-Business vs Business Experimentation and Learning 3.1997-1999 - e-Business Mania Strikes! E-Business becomes a major economic force NASDAQ hits 5,000 Venture capital in abundance Focus on new economy, new business models, growth potential no attention to traditional fundamentals bricks and mortar viewed as liability Traditional businesses shake in their boots at the threat of new non-traditional nimble bold competitors Dot.Com start-ups in every field Dot.Com multi-millionaires made over night Pure vs. Partial: based on the degree of digitization of: - Product - Process - Delivery agent Traditional commerce: all dimensions are physical Pure e-business: all dimensions are digital Partial e-business: all other possibilities include a mix of digital and physical dimensions How it started Electronic data interchange (EDI) - electronically transfer routine documents (application enlarged pool of participating companies to include manufacturers, retailers, services) 1970s: innovations like electronic funds transfer (EFT) - funds routed electronically from one organization to another (limited to large corporations) 1990s: the Internet commercialized and users flocked to participate in the form of dot-coms, or Internet start-ups Traditional Purchasing Process Flow 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 The Future By 2008: Number of Internet users worldwide s