E- Business

With the advent of internet and web development technologies, e-business is playing emergesDocument6 with a larger role in today’ entrepreneurial world. “The internet offers businesses and other organizations a source of information, a means of communication, and a channel for buying and selling, all rolled into one, with just a few clicks of a mouse” (Boone, Kurtz, 2011,p.214). It has also revolutionized almost every aspect of business. People all around the world use the internet for their daily life, for instance, surfing information, paying bills, making purchases, communicating with organizations or individuals, and connecting with people around the world. The internet, extranet, and the other forms of digital technology has created a valuable chain among clients, employees, stakeholders, suppliers, traders into the world of electronic business. This new form of communication can be used either for business to business or business to customer as well. Electronic Business on E-Business is a term used to describe a wide range of business activities operating via the internet internet, or utilize internet technologies to improve the productivity or efficiency. E-business also provides superior customer service, increase sales, and reduce costs. A business enterprise may use the internet to exchange information with the customers, advertise their products, research market trends buy and sell goods and services. E-business uses tools such as e-mail services, blogs, instant messaging for reaching prospective and exising customers. “In the past decade, the number of internet users in the United States and worldwide has grown dramatically, today more than 220 million Americans access the internet at home, at work, at school, or at public sites, and the number of internet users worldwide exceeds 1.4 billion” (Boone, Kurtz, 2011, p.214). Thus, in