Hello friends , welcome to the forums.
E-business is capable of delivering these benefits.
Business of all sizes in all sectors are using the Internet in many different ways - to work
with partners and suppliers, for procurement, for internal activities such as knowledge sharing
and new product development, and much more.
Companies such as United Technologies, J. Sainsbury, General Electric and many others are reporting benefits from the use of the Internet. These benefits include:
improved speed of response;
cost savings;
improved communications, information and knowledge sharing;
reductions in inventory;
improved efficiency and productivity;
harmonisation and standardisation of procedures;
better transfer of best practices;
acquisition of new customers and increased sales;
improved customer service.
However the benefits are achieved not by technology (which is an enabler) but by addressing
strategy, technology, organisation, people and business processes as an integrated whole and making changes in all these dimensions. The Internet is just like other information technologies - change management, good implebe you if you are working at an online business. You'd be sunk before you even started and that is not going to be good for anyone; least of all you.

Thanks

Hi


Thanks for sharing this nice information. I appreciate your post. Please keep sharing more and more information . You really doing great job....

Thanks

Since the launched of Internet, human's life has been moved into a new revolution. Internet connecting all the people of the world very closely. We can know the latest news and information from all around the world in just a blink of time by access to internet.
Advantage
When we talk about 'Start A New Business', first thing comes into our mind is - How Much Money Or Model That I Need To Spend To Start A New Business?'

Unlike offline business, just with a single Personal Computer(PC) or laptop(even more advance now-PDA) and an internet server, you already can start your own online business.
How many time you need to spend to spread out the brochures from house to house and people by people. By using internet, you can send out a big swarm of email just within a few second.

You no need to travel from your house to your working place anymore. With a single laptop, you can start your business very relax just in your comfortable house. That means you can now free from traffic jam.
Your laptop and software are your very friendly employees now. They won't complain you about Low Salary, Long Working Hour, request for extra welfare or even go on strike.
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Top concerns for CEO's in today's business environment are:

* the threat posed by competitors;
* controlling costs;
* finding new opportunities; and
* improving responsiveness;
* better customer focus and service.

E-business is capable of delivering these benefits.

Business of all sizes in all sectors are using the Internet in many different ways - to work with partners and suppliers, for procurement, for internal activities such as knowledge sharing and new product development, and much more.

Companies such as United Technologies, J. Sainsbury, General Electric and many others are reporting benefits from the use of the Internet. These benefits include:

* improved speed of response;
* cost savings;
* improved communications, information and knowledge sharing;
* reductions in inventory;
* improved efficiency and productivity;
* harmonisation and standardisation of procedures;
* better transfer of best practices;
* acquisition of new customers and increased sales;
* improved customer service.

However the benefits are achieved not by technology (which is an enabler) but by addressing strategy, technology, organisation, people and business processes as an integrated whole and making changes in all these dimensions. The Internet is just like other information technologies - change management, good implementation practices and clear business objectives are required in order to reap the full benefits.

Hi

Heightens Customer Service : With e-business customers receive highly customizable service, and communication is often more effective. There is far more flexibility, availability and faster response times with online support. For example, think about the speed of e-mail inquiries and live chat as opposed to getting on the phone, especially when that business is closed for the day. There is also a faster delivery cycle with online sales, helping strengthen the customer/business relationship. The internet is a powerful channel for reaching new markets and communicating information to customers and partners. Having a better understanding of your customers will help to improve customer satisfaction.

Gives Competitive Advantage : The internet opens up a brand new marketplace to businesses moving online. Competition via the internet is growing as the internet itself grows and waiting too long to move online may cause you to lose your place in line entirely. Easy access to real time information is a primary benefit of the internet, enabling a company to give more efficient and valid information and helping to gain the competitive advantage over those that are not online.

Although there are risks associating with e-business, as with most business decisions, there is also the risk associated with the inability to adapt to the changing times. Change is inevitable in today's marketplace and should be embraced with open arms and open sites!

Thanks