E-Business

Description of E-Business. Explanation.

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Definition E-Business. Description.

E-Business stands for electronic business and is a broad term for conducting business transaction processes using electronic means such as the Internet, other computer networks, or wireless (mobile) transmissions.

It it involves two main categories, being buying (E-Procurement) and selling (E-Commerce). However it includes also servicing customers (E-Service) and collaborating with business partners (E-Supply Chain Management). Electronic business methods enable companies to link their internal and external processes more efficiently and flexibly, work more closely with suppliers and partners to better satisfy the needs and expectations of their customers.

Two further forms can be distinguished, being business to consumer (B2C) and business to business (B2B).

Note that the term is used for both:

a transaction of business over an electronic medium such as the Internet, and for
an organization (for example, commercial, industrial, nonprofit, educational, or governmental) that transacts its business primarily over an electronic medium such as the Internet. Compare also: Start-up Company.

Although it is a broad term, it does not include all processes that can be supported by electronic means, there has to be a business transaction component in it. For example it does not include:

E-Mail.
E-HRM (using an internet-enabled employee database).
E-Billing.
E-Knowledge Management.
E-CRM.
Other internal internet-enables systems.

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End of description E-Business. An explanation.