E-business is what happens when you combine the broad reach of the Internet with vast resources of traditional information technology system. It uses the Web connect together customers, vendors, suppliers and employees in a way never before possible. They do business on the Web, and consequently they do more business.
IBM was one of the first companies to have used this term in October 1997. It feels that business is a series of collaborative processes. It requires interaction between employees, vendors, suppliers and business partners. They must all work together. Companies are using the Web to buy parts and supplies from other companies, to collaborate on sales promotion, and to do joint research.
The $2.8 million pizza chain, Domino has used the expertise of IBM to setup an Internet that connects all the franchises worldwide. The Internet gives 1000 employees access to more than 50 applications and over 2,000 Web pages. Applications allow employees to check calendars, view policies, and download mission critical information. The system contains a detailed document library, which gives employees easy access to a broad range of company information, such as corporate accounting procedures and calendar. And the most popular application on the Domino's Interact is an online discussion forum that covers topics from product distribution issues to human resources management.
[...] Using modems, digital signals generated by computers are transmitted over analog telephone lines (modulation) and converted back to digital form on receipt at the destination computer (demodulation). Modems can be either internal or external. Fast modems available operate at speeds of 56kbps(kilobits per second). To deliver faster and more reliable data transmission, organizations can obtain leased telephone lines to provide permanent connection. Leased lines operate at speed upto 2mbps. For organizations operating from remote locations, where the quality of telephone lines is not as high as desired the use of VSATs as a reliable means of communication can be explored. [...]
[...] 13.Owers telecommunication costs Improve customer service.(in some cases) A large part of business these days is dealing with other businesses that supply you parts and components since rarely do companies manufacture things from beginning to end most things are made from component parts which are created by totally different companies. This is true for service too, companies supplying services often have that service broken down into sub-contracting services. Example: A building maintenance contract can be subdivided into the following service Security service 2. access control 3. alarm response 4.Landscape service 5.Summer- grass cutting 6.Winter- snow removal 7. Janitorial service 8. [...]
[...] They also saw challenges ahead. Credit cards are easily the best way to pay for products and services online and approximately 90% of all online transactions are made by credit or debit cards compared to only 28% of purchases made in person. These figures are based on research by Data monitor who also forecast that the value of Internet transactions will reach $ 3.9 billion by 2005 in the US and Europe alone. However, online shopping also has the highest levels of fraud and proving that the cardholder actually conducted the authorized transaction over the Internet cost Visa member banks $250m to resolve disputed charges in 2000. [...]
[...] ISDN BRI line and a network terminal ISDN customer premises equipment. An ISDN BRI line can be obtained from the department of Telecommunication/Mahanagar Telephone Nigam Ltd. ISDN customer premises equipment are devices which connect to the serial port of the computer. SETTING UP A WEBSITE DOMAIN NAME REGISTRATION 1 When a business organization decides to set up its own website, it needs a unique domain name so that it can be identified in the Internet word. Preferably, this domain name should reflect the name of the organization. [...]
[...] Advertising 3. Newsgroup announcements 4. E-mail announcements One way to feed traffic to an organization's site to get other sites to link to its website. Generally these other organizations will want a reciprocal link back BUSINESS TO BUSINESS SEGMENT In the business to business segment, two organizations will have to decide, based on their business relationship, what are the information that will be exchanged electronically and the action that will be taken on receipt of any business document. While each of these communicating organizations may have their own website to cater to their customers, large volume business document exchange between business partners will have to be done by the use of standard versions of these documents. [...]
Online readingwith our online reader
Content validatedby our reading committee