Electronic business

Electronic barterE- dividing line (electronic trading) pot simply be described as a wider concept that embraces all aspects of the persona of data engineering science in personal credit line. It doesnt precisely deal with buying and change it likewise deals with the servicing nodes and collaborating with line of products fel emit-toneds and with placement. An intent of is Amazon, they deal with the selling of books and music cds online. They act as the middlemen in between the publishers and the consumers. E- occupancy is any business process that is empowered by an selective teaching system. E-business brush off be sh argon into three parts namely business to consumer, business to business and business to employee. To twenty-four hours, this is mostly done with blade-based technologies. Electronic business methods en equals companies to link their internal and external processes much efficiently and flexibly, diddle much closely with suppliers and partner s to better satisfy the ask and expectations of their customers. In practice, this involves the submission of mod revenue streams through the use of electronic commerce, the enhancement of relationships between clients and partners and improving efficiency from using knowledge worry systems. E-business can be conducted e preciseplace the commonplace Internet, through internal intranets and over secure private extranets.E-business covers business processes along the whole value chain of mountains electronic purchasing (e-procurement) and turn in chain management, touch on orders electronically, customer serve well and cooperation with business partners. This applies to traditional and practical(prenominal) giving medications. Special technical standards for e-business facilitate the exchange of data between companies. E-business reckoner software solutions allow the integration of intra and inter firm business processes.Applications can be divided into three categories A) Internal business systemsclient relationship management Internal transaction processing Human resources management Process avow Employee in geological formation portals Workflow management Enterprise resource planning knowledge management Document management systems B) Enterprise dialogue and collaboration field of study management system E-mail Voice mail Discussion forums claver systems Data conferencing Collaborative work systems C) Electronic commerce- Business-to-business electronic commerce or business-to-consumer electronic commerce Electronic funds transfer Supply chain management E- commercializeing Online transaction processing Scope of e-business applications These applications can be unattached to assorted kinds of drug users All users of the net Only the employees on the intranet A qualify targeted group of users of an extranet (like customers, partners etc.) E-business offers the opportunity to rethink a whole range of assumptions round how bu sinesses operate, how they relate to their customers and supplies, and their roles and position in the wider trade place.The drivers for e-business can be divided into the follows Opportunities and Threats. OpportunitiesE-business keeps the opportunity to require a business model. Some establishments much(prenominal) as prudential assurance with Egg and Co-operative Bank with smile form launched different network businesses, and waste taken the opportunity to establish a freshlyfound brand which might be more representative of their business stack for the future of their business, that an old long-standing brands.E-commerce also gives the opportunity to define the relationship with customers. I.e. mo service legal proceeding are under the customers control. The customer is encouraged to find the script for example the process associated with placing an order. This learning increases the barriers to switching.Customer knowledge This embeds the order of battle of data w hich give the memorial t sufficientt an upper hand over rivals for example my bank. My bank knows my by name and address which can assist plosive consonant crime. address saving on transactions can be colossal because the customer takes responsibility for a large element of the service transaction. entrance fee to global markets This takes place mostly in niche markets entranceway to such(prenominal) global markets has provided welcome opportunities for s heart businesses and entering the global market is challenging.Threats hindrance of entry are minimal. It takes short period of time to implement net presence and thereby to launch a new business. Size doesnt subject field and indeed small and medium sized companies may be more flexible and adaptable. Increase customer expectation about choice, especially in relation to wide product range, the opportunity to undertake comparison shopping, and 24-hour availability. bosom on product margins. Markets that have pressure on pr oduct margins, tops(p)numerary pressure will arise from an additional channel of delivery. practical(prenominal)(prenominal) placements (VO)This is a temporary profit of independent companies- supplies, customers, even rivals- linked by culture applied science to share skills, costs, assets, ideas to create, distribute product and services with out existence limited by traditional boundaries or locations and gaining access to one an other(a)s markets. practical(prenominal) brass instrument has many locations and expect to communicate between those locations, to share information and work collaboratively on that shared information to shit joint products and services, with the use of information systems. From my point of view practical(prenominal) scheme can be described asA realistic organisation is an opportunity-pulled and opportunity delimitate integration of core competencies of different partners which is based on information systems. In a virtual(prenominal)(pr enominal) organisation a single project can run across different partners on basis of reckoner underpin. In a virtual organisation experts can be accessed through the computer ne devilrk. In a virtual organisation participants interact with for each one other as team fellow shares within computer supported collaborative work. In a virtual organisation, companies must be connected electronically so that commonwealth within an organisation can inter-operate and intra-operate across the electronic business surroundings, using common tools to navigate around the e-business environment and share information. virtual(prenominal) organisation will have neither central say-so nor an organisation chart. This type of organisation will have no hierarchy and no vertical integration. The purpose of such an organisation is to or alliance is to call for speed and flexible in order toBreak fling off market barriers to new products by rallying the required skills and expertise from groups , individuals, and even rivals from after-school(prenominal) organisational boundaries.Gain access into new markets and technologies.For this type of organisation to last they must have the following Adaptability, flexibility and responsiveness to change requirements and conditions. Effectiveness. Empowerment of staff. secondary take aim of bureaucracy. High infusion of IT to support business processes and knowledge workers. Stewardship of expertise, know-how and knowledge. dispersal of components parts.The supremacy factors for such organisations are Shared risks. Mutual benefits. Trust. A shared vision.The goals of a virtual organisation are Excellence each partner brings its core competence. Utilization resources of partners are utilized more profitably. Opportunism market opportunity can be met better together than by each individual company.Any of these factors can change the opportunism that led to the formation of a virtual organisation may lead to its demise. The bad topic about this organisation is that when they is a conflict, misunderstandings or unforeseen event the organisation has few established procedures to deal with the negotiation and conflict resolution. In a virtual organisation a key component to have is a virtual team. A virtual team is an evolutionary form of network organisation enabled by elevates in information and communication engineering science. The opportunistic nature of such alliances suggests that they will generally be short term and exist only until after their objective has been achieved. The five main attributes of a virtual organisation are alliance for a common goal, underlying information and communication technologies, vertical integration, globalization, and collaboration. The member companies may then disband and uphold to create new partnerships. In reality the permanence of alliances and the way in which virtual organisations mutate will depend on the interdependencies between the member the members, a nd the extent to which original objectives evolves into new shared objectives.Organisations are driven to live on VO due to different situation Needs for process innovation companies are often motivated by competitive pressures, supply, demands and other factors to achieve increase productivity and quality. Sharing of core competencies- VO (virtual organisation) help address the voids in an organisation for example the starting up, turn over and retirements. Mobile workers- VO (virtual organisation) concepts can help the numerous companies employing mobile staff such as auditors, consultant and technicians. Cost reduction- improving efficiency often means reducing strike, such as redistributing cost over several partners locations. Changes in employee values and attitudes toward work- quality of smell are a major factor in keeping and employing staff. be and problems of traveling- VOs (virtual organisation) address transportation issues, such as unpredicted commuting time, jo b hassles, the cost of fuel and environmental impact of commuting.For an organisation to be able to implement VOs (virtual organisation) it will include Telecommuting the partners employees work at a location away from the usual workplace such as at home or mobile locations. Tele-centres these satellite offices typically are rigid in communities outside of local res publica but provide space, equipments for employees usually not available in telecommuting. Mobile working this refers to the working environment of mobile workers who are required to use technology such as mobile phones, e-mail wireless devices, pagers and laptops. Hot desking is when employees of an organisation temporary strong-arm occupy a work station or surface in the organisation or a partners organisation. Hoteling employees of this organisation dont have traditional office space in a building but instead work from home or the road and reserve conference rooms or offices at a building, usually the company s headquarters, when they need to meet with clients, colleagues, or their departments. Virtual team is a group of employees that work in a geographically Dispersed Team (GDT), space, and organisational boundaries with links strengthened by webs of communication technology i.e. e-mail, groupware or word-painting conferencing. TechnologiesIn E-business technology is any thing that facilitates and constrains the development of e-business.Most of the excitement around e-business is integrally associated with the potential of the internet, and more specifically the web. Whiles these technologies are fundamental let us not forget that in e-business, especially in business-to-consumer applications, is concerned with allowing customers access through whichever channel they choose for example mobile phones, personal digital assistants (PDA) with WAP display or public access kiosks i.e. in airports, railway stations, and shopping centres. So in other words customer will want to be able to access information in the move, as well as through rooted(p) machines at home or at work. The only problems with this is that the products been viewed can not be touched, smelt, or seen like in a traditional shop. An utility of these e-businesses is that a customer can go to a virtual mall and collect information on a product, compare prices with similar products and also check details of the product.The main technologies that I will be talk about will be The internet. The World Wide Web. Intranet and Extranets.The term internet and World Wide Web are often used interchangeably. These two are not the same thing. The internet is a collection of interlinked computer networks or a network of networks while the World Wide Web comprises of those servers linked to the internet that use HTTP. The defining characteristic of the web is that websites or documents are linked to one another through hyperlinks which are engraft in the website. Users move from one site to another with the hel p of hyperlinks.another(prenominal) concept that is often encountered in the internet world is that of the intranet. An intranet is an organisations internal communication system that uses internet technology. Intranet is a web browser and graphical user interface. While the internet offers access to its contents for almost any member of the public, intranet have strict access controls in form of passwords and firewalls. These security devices defend company web pages, document databases and other information from external access. These are useful for large companies operating from several places.Extranet is an extended intranet that gives access to users beyond the organisation such as customers, suppliers, collaborators and some times competitors. Extranet also have security devices that protect information from other internet users and define the level of access for approved users.The internet connects millions of computers and the rate of increase in use and the new subscriber are the growth day by day all over the world. This is why a lot of companies are very excited and invest a lot of money in the e-business area of there company. For companies the internet is the gateway to a huge market its just a matter of finding your niche. An example of a very success internet company that we all know is Amazon. Most companies find it important to have a presence online in form of a website, since the internet is becoming a cheaper way of promotion and visibility.For customer the internet is a gateway to information, commercial and government websites, software and document archives, and e-mail. The internet offers for twain the customer and companies a rich seam of information and commercial transactions and commerce. Relationship between E-business, Virtual Organisation, and Technology.The relationship between e-business, virtual organisation and technology are that virtual organisation needs e-business and technology. In virtual organisation technology is im portant because virtual organisation needs these technologies such as the internet to form and re-form alliances and to create blurred boundaries of the organisation, break down barriers to entry and gain access to new markets. It also needs technology for security issues, compatibilities and interoperability, payment mechanism and mobile network channel capacity.It needs e-business because e-business embraces all aspects of information technology in business i.e. security issues relate with data security and payment mechanisms, reducing costs, ameliorate customer service and increased competitive edge. This includes buying and selling, collaborating with business partners and the integration across business processes and communication within the organisation. Technology has also helped the virtual organisation gather information and communications technologies. It has also have in flexibility, improved security, low costs, and improved resource utilization. Technology has helped communication to allow members set-apart by time and space and often culture, geography, history and future to fasten in collaborative work.E-business technology is important because e-business needs technology to be able to embrace information technology for example without the internet e-business will not be able to care out tasks like buying and selling online, communicating with customers, companies being able to promote and be transparent online. So without technology they will be no e-business. Virtual organisation can be related to e-business only if a company is involved in a temporary network of independent companies linked by information technology to share skills, costs and access to one anothers markets or to produce a product or service.Virtual Organisations and e-business are related to technology or work hand to hand because without them the relevant technologies would not have being created for example in e-business the online transaction processing would have be ing useless because they will be no need for online transaction without the introduction of e-business. In the case of virtual organisation technology has help plant it work for example the internet has made it easy for a virtual organisation to form and re-form alliances and to create blurred boundaries of the organisation, break down barriers to entry and gain access to new markets. Technology has also helped virtual organisation advance information and communications technologies. It has also have in flexibility, improved security, low costs, and improved resource utilization. Technology has helped communication to allow members confused by time and space and often culture, geography, history and future to invade in collaborative work.Benefits of E-business are that it gives the opportunity to choose a business model, it redefines the business relationship, it introduces cost saving for the company i.e. advertising or overhead costs, it gives the company access to new global m arkets, the company gets introduced to E-commerce, it gives companies like banks Customer knowledge for instant knowing the customer by first name.Benefits of technology are better communication i.e. able to reach more people with the help of the internet, saves on over head costs, it introduces cheaper ways of promotion and been visible to the customers and potential customers, technology gives better storage methods i.e. banks storing information on the magnetized strip of a credit/debit card or super markets storing information on a bar code, it introduces better ways of communicating.Benefits of virtual Organisation are the partners share risks, share costs, it breaks down market barriers to new products by rallying the required skills and expertise from groups, individuals, and even rivals from outside organisational boundaries, it give the partners access into new markets, expertise and technologies, it introduces increased flexibility of organisations and finally it improves customer relations for the partners.Conclusion As discussed I believe that technology, virtual organisation and e-business work to complement each other. Technology is important for both e-business and virtual organisation because both need some sort of technology to be able to exist or work for example virtual organisation can not succeed without technology. It needs technology to set up a networks, communications, security and e-business cant exist without the help of technology because technology is needed to embrace information technology foe example support the internet, World Wide Web, electronic mail, groupware such as lotus and video conferencing. In terms of technology without e-business and virtual organisation the technologies will not be designed or created for example in e-business the online transaction processing would have being useless because they will be no need for online transaction without the introduction of e-business. Technology has also helped virtual orga nisation advance information and communications technologies. It has also have in flexibility, improved security, low costs, and improved resource utilization. Technologies has helped communication or have meetings to allow members separated by time and space and often culture, geography, history and future to engage in collaborative work.