What is
e-Business
e-Business is very broad term ranging from the average consumer to multinational companies; everyone uses e-Business or e-Commerce one way or the other. It’s a million dollar industry. e-Business has changed the way people shop today. Groceries, books, music, tools, cars, bank loans, even medical prescriptions – are all just a mouse-click away. Consumers expect quality service, seamless order and fulfillment systems, low prices and anytime availability. It’s important to differentiate between e-Business and e-Commerce.
E-business is the use of the Internet/Intranet to communicate, coordinate and manage a company.
e-Commerce on the other hand is the process of selling and buying through electronic transactions via the Internet or other technologies. How do you make money from e-Business?
Your company can EARN money without selling! Our e-Business solutions can increase your revenue, and decrease your expenses.
The Gartner Group estimates that Small to Medium sized businesses using e-Business solutions have the best chance to reduce their expenses. It is greater that 800%.
You might wonder how? Compare a large company with 25,000 employees with a company of 25 employees. If management were to implement a new system, who would get it up and running the fastest? The small company would! Small companies have greater opportunities to invest in technology, can make faster decisions and do not have to reprogram or reorganize their entire company. So What?
By developing an e-Business solution you can become a low cost producer, offer differentiation and penetrate the market more efficiently than before. The benefits must outweigh the costs of development. Now you can use the Internet, but you have to do it right.
For example:
1. Do you have increases or decreases in efficiency?
2. Have you looked at your internal and external factors that surrounds your company?
3. Do you understand your customers?
4. Is your Web Site a "Smart Site"?
5. How do you grow?
6. Are you utilizing proper sales techniques? How much do you spend on sales and prospects?
An e-Business solution should also include the Competitive Forces Model (CFM). We look at how to reduce costs, raise switching costs, enhance products plus many more. These factors will then serve as a supplement to the internal value chain in your company. We all know there are external forces in the market, i.e. competition. So, how do you minimize your competition? It is not as easy as it sounds but by utilizing the CFM factors, and supplementing them with the internal value chain you can be able to gain a competitive advantage.
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