The E-business is a new trend in business, and it is still in infant stage, people have misunderstand it in some cases, and this new growing business has its good sides as it has its negative sides too. In this small paper we will have an overlook over the pros and cons of e-Business.
I.What is e-Business
B. False concept
A. For Business
B. For customers
Pros and cons
Definition of e-Business
We are shortly about to talk about pros and cons of e-Business, but first a question comes to the mind, what is e-Business?
E-Business (electronic business) "is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners. One of the first to use the term was IBM, when, in October 1997, it launched a thematic campaign built around the term.
Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. (1)
But E-business is not only Business done on the Internet, since E-business has changed traditional business. "E-Business is the creation of new, and the redesign of existing, value chain and business processes through the application of information technology."(2). In e-Business the linear value chain has disappeared and in its place is a constantly revolving exchange that has altered the relationship between buyers, sellers, and those who inhabit the space between. (3)
False concept about e-Business
When we think about e-Business, and think about the Internet, some people may begin to fantasize. It's true that an e-Business can offer products or information to its clients at any time of day, in any location around the world.