E- Business and e-commerce: an introduction:
Electronic Business
Electronic Business or E-Business refers to the use of digital technology and the internet to execute the major business processes in the enterprise.
Electronic Commerce
Electronic Commerce is the part of E-Business which deals with the buying and selling of goods and services on the internet.
- It also encompasses activities supporting those market transactions, such as advertising, marketing, customer support, security, delivery and payment.
- E-Commerce involves the use of information technology to enhance communication and transaction with all the stakeholders

E-Business and E-Commerce
Who should use the internet?

E-Business and E-Commerce
Every organization needs to consider whether it should have an internet presence.
- What should be its extent of involvement?
- Two key factors to be considered
- How many existing or potential customers are likely to be internet users? Who should use the internet?
- What is the information intensity of a company’s products or services
- What should be its extent of involvement?
- How many existing or potential customers are likely to be internet users?
- IF…..
- Significant proportion of a firm’s customers are internet users
- Search cost for the product of service are on a higher side
- Then an organization should have a web presence.
- What should be its extent of involvement?
- What is the information intensity of a company’s products or services?
(an information-intense product is which requires considerable information to describe it)
If a firm’s product or service is information-intensive then the organization should have a web presence
Organizations face three critical challenges
- Demand Risk
- Innovation Risk
- Inefficiency Risk
The internet and World Wide Web can be a device for reducing these risks.
E-commerce today:
- Use of the Internet and Web to transact business; digitally enabled transactions
- Began in 1995 and grew exponentially, still growing even in a recession
- Companies that survived the dot-com bubble burst and now thrive
- E-commerce revolution is still in its early stages?
THE GROWTH OF E-COMMERCE:
Retail e-commerce revenues grew 15–25 percent per year until the recession of 2008–2009, when they slowed measurably. In 2010, e-commerce revenues are growing again at an estimated 12 percent annually.
Why e-commerce is different – 8 unique features:
- Internet/Web technology available everywhere: work, home, etc., anytime.
- The technology reaches across national boundaries, around Earth
- One set of technology standards: Internet standards
- Supports video, audio, and text messages
- The technology works through interaction with the user
- Large increases in information density—the total amount and quality of information available to all market participants
- Personalization/Customization:Technology permits modification of messages, goods
- Social technology:The technology promotes user content generation and social networking
Types of E-Commerce:
- Business-to-consumer
- Business-to-business
- Consumer-to-consumer
- Mobile commerce (m-commerce
E-Commerce business model:
- Portal
- E-tailer
- Content Provider
- Transaction Broker
- Market Creator
- Service Provider
- Community Provider
E-commerce revenue models:
- Advertising
- Sales
- Subscription
- Free/Freemium
- Transaction Fee
- Affiliate

E-Business and E-Commerce
E-Business and E-Commerce are the advance ways of business to earn money now a days.