Summary of E-Business and Managing Transition
Electronic business is taking over from the supply chain economy were product took the central place and determined market and market places. In e-business the customer takes the central place i.e the customers’ wishes drive the activity of this demand network. The driving force in this circumstance is the network economy. There are various aspects of this network economy such as e-business, e-commerce and e-trading. While e-business involves any form of business transaction including abstract and real objects. E-commerce deals directly with the exchange of goods and their payment facilitated by electronic transaction. E-trading deals with the selling of financial instrument such as stock, bonds and treasuries.
E-BUSINESS AND ITS IMPACTS
1. The transition to the new world: The network economy, having impact on how businesses are organized and deal with their customers and partners. This definition suits the context that organizations are moving to a network economy.
2. Creating the web enabled enterprise: The web enabled enterprise defines the changes that web technology will bring to organizations. It is about extending the current IT architecture across the borders of the company, to intensify the different relations that organizations have with their customers, their partners and their own employees.
MANAGING TRANSITION: FROM START-UP TO GROWTH
Transition in business is a process in which a business undergo, a change and passes from one form or stage to another. This means that a business can transit externally with regard to form or internally in the stages of growth. There are
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