E-business is conducting business on internet, not only buying and selling but also providing services to customers and collaborating with business partners. IBM was the first one to use the term "e-business" in October 1997. It launched a thematic campaign built around the term. Not just being able to sell books but knowing how many books we have sold and to whom, and also to be able to answer the questions like "what books are they going to buying next?" is a sign of good e-business. This means to say that e-business should be able to analyze the entire scenario of what is happening and what is going to happen in future.
Implementation of e-business is done by accelerating business integration through I. way software. I. way software accelerates business internet by simplifying it dramatically, eliminating customer integration code and replacing it with a straight forward assembly.
[...] The picture below describes as how e-business becomes an industry and acts as a mediator to negotiate business between parties. INDUSTRY Business Process & PARTY A PARTY B Source: Organization for the Advancement of Structured Information Standards (OASIS), www.oasis-open.org. The transactions in e-business takes place through the following steps: Processing Design: First the two parties try to design what products they need. Processing Implementation: Once they have an idea of what the parties need they try to implement their ideas. [...]
[...] FRAMEWORK OF E-BUSINESS In late 1970's electronic typewriters and then word processors started to make their presence felt within the office environment. From the single user to multiple users word processor came in a variety if different configuration's from companies such as Wang that have disappeared long since from the computing landscape. In 1980's the arrival of personal computers was the most dynamic changes in the ‘office' introducing desktop computing for the first time. With the arrival of all these e-mail and electronic data interchange also came into existence thus leading to the empowerment of e-business. [...]
[...] MODELLING FRAMEWORK FOR E-BUSINESS The component based development (CBD) defames software systems at five levels of abstraction i.e. granularity (software language class), distributes component, business component, business component system (BCS) and federation of business component systems. Example for distribution component is business function such as validating credit cards, for business component would be web-based order manager, for BCS would be web- based flower mart and for federation flower mart, FedEx, visa and HSBC. It is not necessary that every business system needs all the level though CBD envisages five levels. [...]
[...] These figures stand as a yardstick as it is easy to see how far business has come and how much people have embraced it in such a short period of time. Companies, customer's services and retail sales act as a delivery channel for electronic goods and services. Each company do business in their own and peculiar way. But e-business will change the ways. Tradition business will now evolve from their current business model to a combination of place and space via e-business model. [...]
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