Often people people commonly considered e-Business synonymous with e-Commerce. Vendors that often sell e-Commerce software will refer to their product as an e-Business Solution, and there is a relation between them. Word business is defined as the occupation, work, or trade in which a person is engaged, and commerce is defined as the buying and selling of goods, especially on a large scale, as between cities or nations.
If we add “e” in front of them, it does not change their definitions, but rather changes the means and methods we use to achieve the objectives of our business and to facilitate commerce.
In matter of speaking, term e-Business represents a more comprehensive approach to the needs of most businesses.
E-Business is more than Internet marketing. It includes communications, data acquisition and exchange, financial analysis, customer management, business research, production technologies, building partnerships, and a wealth of other activities that have anything to do with business. What is changing is that we are now doing those same activities with computers, and are increasingly conducting our business over the Internet.
Some possible activities of e-Business include:
1. Using email for business correspondence.
2. Buying business supplies and other items online.
3. Using electronic accounting and inventory software.
4. Using a customer contact database.
5. Using computer design programs to make flyers and advertisements.
6. Locating potential or new suppliers via the Internet.
7. Electronic banking.
8. Any other electronic means of doing business.
It is important to ask the audience if there are other business activities they currently conduct through traditional (paper-based, fax, phone, etc.) methods and would they be interested in moving to electronic methods.