e-Business: Its Purpose
What's an e-Business? Simply said, it's doing business online. But, it's more than that...
The purpose of an e-business is to completely change the way traditional organizations do business. It uses information technology and the Internet (as well as other technologies and forms of communications) to perform business-to-business (B2B) or business-to-customer online work. For example, an e-business involves buying and selling, marketing, providing services and products for customers, and networking business partners and suppliers.
Note: The term e-business also includes e-commerce, however, they are not synonymous; each term refers to a different entity.
Over the years, doing e-business has helped to reengineer and improve how companies work with customers and suppliers to communicate, coordinate, and collaborate more easily and effectively. Nowadays, companies will incorporate the development of an e-business because it has become a competitive necessity. The future of doing e-business is reassuring since companies depend on it to support their particular needs, speed-up online business processes as well as transactions.
Today, many enterprises run an e-business for the simple reason of being able to reach out to the global market. As well, it helps enterprises establish a good business-to-customer relationship, and business-to-business partners relationship. With so many positive outcomes of running an e-business, why is it that having one has security concerns? This is explained next.