Epsilonium

World of e-Business

 

  • Home
  • /
  • World of e-Business

What e-Business is

E-business is just business - business using electronic networks to transform a business process or business system to create superior value for current or potential customers


E-business is more than e-commerce, even though the terms are often used interchangeably. The latter is focused on buying and selling products and services, using network techonologies. E-business goes beyond mere transactions. It facilitates new types of connections among a broad range of entities. It enables any type of business activity over the network. Just to name a few - communicating, collaborating, learning, innovating, planning, recruiting.

E-business changes the meaning of the word "firm". The boundaries of the firm are blurring to the point that the enterprise transcends the firm to also encompass partners, suppliers, and customers - the extended enterprise, a business without boundaries. The linking of these entities makes possible new applications to build, manage and strengthen relationships among them.

What e-Business is not

  • E-business is not a bolt-on to your business, rather it's an integral component of your business.
  • E-business is not about technology.
  • E-business is not a middle-management ;initiative - It's the CEO's job
  • E-business is not tied to a particular department or functional area
  • E-business is not a fixed target - It's about adapting and keeping up with changes around youLast, we address the most vital element in this discussion - Why e-business?

Why e-Business?

E-business is about increasing efficiency and effectiveness of business processes - doing things better and doing the right things. Utilizing resources well and executing faster and cheaper. Transforming business processes to create new sources of value and revenue streams. It's more than just reducing cost - it's about changing the game and making new rules. It is really about winning.

When considering an e-business initiative ask yourselves:

  • Will it lower my cost of doing business with customers?
  • E-business is not a bolt-on to your business, rather it's an integral component of your business.
  • Will it make my customers more loyal?
  • Will it improve my relationship with my customers?
  • Will it create new ways of getting to market?
  • Will it improve my relationship with my customers? ;
  • Will it reinvent the way the business is done in the industry?
Eand measure the success of your initiatives by quantifying at least one of these:
  1. Cost Reduction
  2. Revenue Expansion
  3. Time Reduction
  4. Relationship Enhancement

If you have had a website for a while, ask yourselves these questions and measure your successes. Contact us for a complimentary discussion on how we can help you with this winning transformation