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Onyekwelu Walter

Onyekwelu Walter

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SUMMARY OF E-BUSINESS AND MANAGEMENT TRANSITION FROM STARTUP TO GROWTH E-Business Network Economy is the driving force E-business. E-business is any business transaction that takes place via digital process. It is taking over from the supply chain economy where product took the central place and determined market and market places. It involves any form of business transaction including abstracts and real objects, facilitated by electronic transaction. There are various aspects of Network Economy. They are: E-business, E-Commerce and E-Trading. FEATURES OF E-BUSINESS 1. It is efficiency means of conducting business. 2. The consumer takes the central place. 3. The costumer’s wish drive the activity. 4. It is flexible process that enables everyone in any geographical area to partake actively. The network economy in developing rapidly all over the world. Its impact is felt more in developed economies where virtually all transaction are conducted electronically. FACTORS THAT CAN DETERMINE THE NETWORK ECONOMY GROWTH IN AN AREA. a. Number of person per 100 that have access to internet b. The number of persons per 100 who owns computer c. The percentage of gross domestic product that is spent on ICT infrastructure. In network economy, the product has a central position and consumer’s choice are strongly determined by he product positioning. The individual wishes to drive the activities o

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