INFORMATICS PRACTICESPROJECT

Submitted by,Sandra

Prabhash XII.C

eBusiness

E Business refers to a broader definition of EC(e-commerce) descibes the process of buying, selling, transferring, or exchanging products, services, and/or information via computer networks , including the internet . It refers to a broader definition of EC, not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, conducting electronic transactions within an organisation .e-Business allows companies to link their internal and external processes more efficientlyAnd effectively, and work more closely with suppliers and partners to bettr satisfy the needs and expectations of their customers , leading to improvements in overall business performance.

Benefits of e business

Reduces cost of production by reducing overheads.Offers opportunity to increase sales.Offers opportunity to access new markets across the globe. Provides chance to target market segments more effectively.Provides more accurate information and improve customer service experience.

THE BENEFITS OF E-BUSINESS FOR AN ORGANISATION ARE;

Improves speed of response.Cost savings.Improved efficiency and productivity.Improved customer service.

THE BENEFITS OF E-BUSINESS FOR THE CONSUMERS ARE

Forms Of e-Business

Online direct marketingElectronic tenderingName-your-own-priceFind-the-best-priceAffiliate marketingViral marketingGroup purchasingOnline auctionsProduct customizationInformation brokersBartering onlineDeep discountersMembershipSupply-chain

i. Brick-and-mortar Organizations: Pure physical organizations (corporations) are referred to as brick-and-mortar(or old-economy) organizations.

ii. Virtual Organizations: The companies that are engaged only in E-business are considered virtual (or pure-play) organizations.

iii.Click-and-mortar Organizations: Also called click-and-brick organizations. These are those organizations that conduct some e-commerce activities, yet their primary business is done in the physical world. Gradually many companies are changing to click-and-mortar ones.

Types of business organizations

Major e-business portals

IRCTC PORTAL

YATRA.COM

LIFE INSURANCE CORPORATION

STATE BANK OF INDIA

AMAZON.COM

EBAY.IN

SHAREKHAN

WESTERN UNION MONEY TRANSFER

DELL

Social impacts of e-business

Various studies have revealed that e-business have successfully worked towards factors like;

The reduction in transaction and other cost Improved custom service Increased productivity Access to international markets

Advantages of e-business

Increase in internet usersMiddle class attracted towards low cost flightChange in online shopping habitsIncrease in online paymentsIncrease in non-metro shoppers

Disadvantages of e-business

Poor telecom and infrastructure for reliable connectivityMultiple issues of trustMultiple gaps in the current legal and regulatory framework

conclusion

Through different e-business portals, almost everything is possible using internet. For example, we can reserve our seats in railways through IRCTC portals, airline reservations through yatra.com.Money transfer is also possible through different e-banking sites etc…The above given examples prove that E-business has improved all our lives….