Electronic Business






Today’s technology has allowed mankind to achieve many things in a nick of time or a push of a button. Technology has greatly reduced the amount of time taken to complete a task or business transactions. The most noticeable technology is the internet. Internet allows us to communicate with each other almost instantaneously. Communication is very important in our everyday life; sometimes businesses crumble because of wrong information being provided or being provided too slow to meet deadlines. Time in business is as expensive as gold, the more time that you lose; the more sales you will miss. In the old days, a message takes a week to get through to the other side via mail. Later, came the telegram, which takes a few minutes but there is a downside to it as telegram may sometimes be wrong as the codes are typed in by a human and human sometimes makes mistakes. Getting a message to the other is a hassle in the old days. Now, we are able to communicate with other people live via the internet.

Electronic Business is any business that relies on a computerized information system. This is mostly done in the internet. Using this method, businesses are able to link together and time consumption is greatly reduced compare to the old days. This method also allows businesses to work more closely with their clients and will be able to satisfy the needs or expectations of their clients. This is very important as the core of a business is the clients, satisfying them is important to ensure that future dealings will run smoothly.

Electronic Business involves:

  • Internal business system
  • Enterprise communication and collabrotion
  • Electronic commerce


    • Benefits Drawbacks
    Time saving If one system crashes, all other systems crash too as the systems are inter-connected.
    Information organised and easy to access Must consistently update the system to prevent any outdated information
    Increased income Large setup cost
    Surpassess geographical boundaries and barriers Support of technical solutions


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