E-business involves using internet technologies to empower business processes, electronic commerce, and enterprise collaboration within and between companies. It can be considered any online exchange of value and falls under three main categories: re-engineering internal business processes, implementing electronic commerce systems with customers and suppliers, and promoting enterprise collaboration. Companies rely on e-business applications supported by intranets and extranets to achieve these goals.
E-business involves using internet technologies to empower business processes, electronic commerce, and enterprise collaboration within and between companies. It can be considered any online exchange of value and falls under three main categories: re-engineering internal business processes, implementing electronic commerce systems with customers and suppliers, and promoting enterprise collaboration. Companies rely on e-business applications supported by intranets and extranets to achieve these goals.
E-business involves using internet technologies to empower business processes, electronic commerce, and enterprise collaboration within and between companies. It can be considered any online exchange of value and falls under three main categories: re-engineering internal business processes, implementing electronic commerce systems with customers and suppliers, and promoting enterprise collaboration. Companies rely on e-business applications supported by intranets and extranets to achieve these goals.
E-business involves using internet technologies to empower business processes, electronic commerce, and enterprise collaboration within and between companies. It can be considered any online exchange of value and falls under three main categories: re-engineering internal business processes, implementing electronic commerce systems with customers and suppliers, and promoting enterprise collaboration. Companies rely on e-business applications supported by intranets and extranets to achieve these goals.
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Role of e-Business in Business
1. E-business as the use of Internet technologies to
work and empower business processes, electronic commerce and enterprise collaboration within a company and with its customers, suppliers and other business stakeholders. 2. E-business can be more generally considered an online exchange of value. 3. Any online exchange of information, money, resources, services, or any combination there of, falls under the e-business umbrella. 4. Internet and Internet like N/Ws: Inside the enterprise(intranets) and between an enterprise and its trading partners(extranets) have become the primary IT infrastructure that support the e-business applications of many companies
5. Companies relies on e-business applications to a. Re-engineer internal business processes. b. Implement electronic commerce system with their customers and suppliers. c. promote enterprise collaboration among business teams and workgroups. Enterprise Collaboration Systems Involve the use of s/w tools to support communication, co-ordination and collaboration among the members of networked teams and workgroups. A business may use Intranets, the Internet, extranets and other n/ws to implement such systems. Eg. Employers and external consultants may form a virtual team that uses a corporate intranet and the Internet for electronic mail, videoconferencing, electronic discussion groups and web pages of work- in-progress information to collaborate on business projects. Electronic Commerce It is the buying and selling and marketing and servicing of products, services and information over a variety of computer n/ws. Many business use the Internet, intranets, extranets and other n/ws. This might include everything from advertising, sales and customer support on the www to Internet Security and payment mechanism that ensure completion of delivery and payment processes. Ecommerce system include Internet website for online sales, extranet access of inventory database by large customers and the use of corporate intranets by sales representatives to access customers records for customer relationship ,management. Types of Information System 1. Operation support System: Information system have always been needed to process data generated by and used in business operations. Such operation support system produce a variety of information products for internal and external use. The role of a business firms operation support systems is to efficiently process business transactions, control industrial processes, support enterprise communications and collaboration and update corporate database.
1.1 Transaction Processing System Process data resulting from business transactions, update operational databases and produce business documents. eg. Sales and inventory processing and Accounting system. 1.2 Process Control System: Monitor and control industrial(physical) processes. Eg. Petroleum refining, power generation and steel production systems. 1.3 Enterprise Collaboration Systems: Support team , workgroup and enterprise communications and collaborations. Eg. Email, chat and videoconferencing groupware systems.
2. Management Support System When information system applications focus on providing information and support for effective decision making by managers, they are called Management Support System a) MIS: It provides information in the form of prespecified reports and display to support business making. Eg. Sales analysis, production performance and cost trend reporting systems.
b) Decision Support Systems: Provide interactive adhoc support for the decision-making processes of managers and other business professionals. Eg. Product pricing, profitability for ecasting and risk analysis system.
c) Executive information Systems: Provide critical information from MIS, DSS and other sources tailored to the information needs of executives. eg. Systems for easy access to analyses of business performance, actions of competitors and economic developments to support strategic planning.
Other categories of Information Systems 1. Expert Systems: Knowledge based systems that provide expert advice and act as expert consultants to users. Eg. Credit application advisor, process monitor and diagnostic maintenance systems. 2. Knowledge Management Systems: knowledge based systems that support the creation, organization and dissemination of business knowledge within the enterprise. Eg. Internal access to best business practices, sales proposal strategies and customer problem resolution systems.
3. Strategic information Systems: Support operations or management processes that provide a firm with strategic products, services and capabilities for competitive advantage. Eg. Online stock trading, shipment tracking and e- commerce web systems.
4. Functional Business Systems: Support a variety of operational and managerial applications of basic business functions of a company. Eg. Information systems that support applications in accounting, finance, marketing, operations management and human resource management. The IS Functions 1. A major functional area of business equally as important to business success as the functions of accounting, finance, operations management, marketing and human resources management. 2. An important contributor to operational efficiency, employee productivity, morale , customer service and satisfaction. 3. A major source of information and support needed to promote effective decision making by managers and business professionals. 4. A vital ingredient in developing competitive products and services that give an organization a strategic advantage in the global marketplace. 5. A dynamic, rewarding and challenging career opportunities for millions of men and women.
6. A key component of the resources, infrastructure and capabilities of today's networked business enterprises.