E-business Strategy

Give the Brief Introduction of e-business strategy

Answer: An e-business strategy is just not for the internet business. An e-business strategy is very important for a company for doing business over the internet. It defines the short term and the long term goals of the company and it involves the skilled and careful planning. E-business strategy is part of the strategy that is corporate and it also connects with other plans which include organizational, marketing and the IT strategic plans.

When did the e-business strategy has been started and whom? 

Answer: The term E-business strategy was given by the IBM”s marketing and the internet team in the year 1996. In the year 1994, IBM began to use its base in the solutions of IT and expertise to market itself as a leader for conducting the business on the internet through the term e-business.

What was the need of this e-business strategy?

Answer:  The needs of the e-commerce strategy are-

• Convenience and easiness: The e-business strategy is of great convenience to the companies that are based on the electronic business that is they use internet for their business.
• Offer product datasheets: The e-business strategy use the product data sheets for the people so that they can get information about the product.
• Attract new customers with the search engine visibility: The e-business strategy is used o attract the customers that are new with the search engine visibility.
• Comprise warranty information: The e-business strategy is used for giving warranty information to the customer and also the description of the products.
• Keep eye on the buying habit of the consumer: The e-business strategy is used to keep an eye on the buying habits of the consumer to meet the requirements of the consumer.
• Allow the happy consumers to sell their products: The E-business strategy allows the customers that are happy to sell their products that has good ratings and views.
• Selling products across the world: The e-business strategy is used to sell the  products across the world and give their services across the world.

What are the uses of these e-business strategies?

Answer: The applications of the e-business strategies are-

Internal business system

• Customer relationship management

• Enterprise resource planning.

• Human resource management

• Document management systems

Enterprise collaboration and communication

Electronic commerce

What is the Criticism of e-business strategy?

Answer: The criticisms of e-business strategy are:

What is the related topic and concept of e-business strategy? 

Answer: The concept of e-business strategy is the use of the strategy in the conduction of the electronic business. Electronic business refers to the use of the internet and the web or some combination to conduct the business. E-business is very similar to e-commerce, but it goes past simple selling and buying of products and the services online.

The topic that is related to the e-business strategy is e-commerce. E-commerce is the activity of selling or buying of the products on the services of online or over the internet. Electronic commerce draws on the technologies such as the electronic funds, mobile commerce and many more. The electronic commerce in this modern age uses the world wide web for one part of the transaction cycle but it may use other technologies such as the e-mail. The e-commerce include the buying of books online and the purchase of music and online inventory of liquor. There are three areas of e-commerce such as the online retailing, online auctions and the electronic markets. The e-commerce is supported by the electronic business. The features of e-commerce are:

• Online shopping for the sales direct of the retailers.
• Participation in the online marketplace.
• Business to business selling and buying.
• Business to business interchange of data that are electronic.
• Online exchanges that are financial or the exchange of currency.
• Engaging in the pretail for launching of the new services and products.