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Introduction to E-Business & E-Commerce

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Introduction to E-Business & E-Commerce
Introduction to E-Business & E-Commerce
Chapter 1: Framework for ECommerce

Topics Covered

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Objectives How big is E-Business? What is E-Commerce? What is E-Business? How does E-Business differ from ECommerce? E-Commerce Framework Summary Further reading
2

April 25, 2012

Objectives

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Describe briefly the past, present and future of e-business Describe e-commerce


Provide an example Provide an example

Describe e-business


Differentiate between e-commerce and ebusiness Describe the components in an e-commerce framework
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April 25, 2012

How big is E-Business?


Past:
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Startup companies went bankrupt A lot of bad press Many thought it was the end of ebusiness

April 25, 2012

4

How big is E-Business? (cont.)


Present:
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Buy products online Book flights/vacation trips Internet banking
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Fund transfer Bill payment

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5

How big is E-Business? (cont.)


Future:


Smart applications


Empty refrigerator sends request to the supermarket to deliver fresh milk to your home before breakfast the next morning



Pervasive e-business



April 25, 2012

Using chip-based devices to be able to do ebusiness Crossover of communication technology
6

How big is E-Business? (cont.)


Future:


One world, one computer
 



All chip-based devices are interconnected Creates a single huge information resource system Devices able to interchange any information

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7

What is E-Commerce?


Simple definition


Any business activity that takes place over an electronic network. Includes activities like:
 



Buying and selling products/services E-mail Online information service

April 25, 2012

8

What is E-Commerce?
Definition – Peter Drucker (management guru)
“ The truly revolutionary impact of the Internet Revolution is just beginning to be felt. But it is not “ information”
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