What IS e-Business
E-business is business that uses electronic networks
to transform a business process or business system.
E-business creates superior value for current or potential customers.
E-business goes beyond mere transactions, it facilitates new types
of connections among a broad range of entities.
E-business enables any type of business activity over the network such as:
communicating, collaborating, learning, innovating, planning, and recruiting.
E-business gives new meaning of the word "firm". The boundaries
of the firm are so blurring that the enterprise transcends the firm to also encompass
partners, suppliers, and customers - the extended enterprise, a business without
boundaries. The linking of these entities makes it possible to build new applications,
strengthen and manage relationships among them.
What IS NOT e-Business
E-business is not a bolt to your business, rather it's an
integral component of your business, it's not about technology, particular
department, functional area or middle management initiative -it's the CEO's job.
E- business is not about a fixed target, rather it's about adapting to changes
around you and keeping up.
Why e-Business?
E-business is about increasing efficiency and effectiveness
of business processes - doing things better and doing things right. Utilizing your
resources well, executing them faster and cheaper. Transforming business processes
to create new sources of value and revenue streams. It's more than just reducing
cost - it's about changing the game and making new rules. It is really all about
winning.
When considering an e-business initiative ask yourselves, will it:
Make my clients more loyal?
Lower my response time as an organization?
Enhance my relationship with my clients?
Enhance my relationships with my trading partners?
Find new ways of getting to market?
Reduce my cost of doing business?
Re-create the way business is done?
Measure the success of your initiatives by quantifying at
least one of following:
- Increased Revenue
- Reduced Expenses
- Improved Client Relationships
- Time Reduction
If you have had a website for a while, measure your successes
by asking yourselves these questions. Contact us
for a complimentary discussion on how we can help you with this winning transformation.