E- Commerce: It refers to the business operations involving
electronic mode of transactions. It encompasses presenting products on websites
and filling order. The vast majority of articles and media attention given to
using the Internet in business are directed at on-line shopping. In this
process, the marketing and selling of goods and services are being carried out
over the Internet. In e-commerce, the following activities are being taken
place quite often - the tremendous numbers of people who are shopping on the
Internet, business houses are setting up websites where they can sell goods, conducting
the following transactions such as getting paid and fulfilling orders. It is a dramatic
change in the way a company relates to its customers. At present e-commerce is exploding.
E-business: It refers to the full breadth of activities included in
a successful Internet based enterprise. As such, e-commerce is a subset of
e-business. E-business includes developing strategies for running
Internet-based companies, creating integrated supply chains, collaborating with
partners to electronically coordinate design and production, identifying a
different kind of leader to run a ‘virtual’ business, finding skilled people to
build and operate intranets and websites, and running the back room or the
administrative side. E-business includes the creation of new markets and
customers, but it’s also concerned with the optimum ways to combine Computers,
the Web and Application Software. A sizable number of multinational
corporations are selling goods and services via the Internet.
Growth rate of e-business: The application of Internet operations
are initially covers a small part of the business. At this point, their
e-commerce operations are secondary to their traditional business. An
increasingly popular application of e-business is merely using the Internet to
better manage an ongoing business. Later, there are millions of firms that are
now selling anything over the Internet, but they are using e-business
applications to improve communications with internal and external stakeholders
and to better perform traditional business functions. Some companies are
putting maximum effort in improving its internal efficiency and providing
support to its wide-reaching dealer network and to on-line sellers by crating a
shared and integrated network. The companies wanted to make creasing
E-Organizations: This embraces e-commerce and e-business. State and
central governments, municipal corporations are using the Internet for
extending all the public utility services more efficiently through internet.
The growing use of the Internet,
tablet devices, and smart phones coupled with larger consumer confidence will
see that ecommerce will continue to evolve and expand.
