E-Commerce Education Essay Example | Topics and Well Written Essays - 2500 words

E-Commerce Education - Essay Example In the same way, a large number of businesses that were operating traditionally have decided to move their business to the internet. Hence, the quick developments in information technology, particularly the use of internet in the form e-commerce (electronic commerce) and e-business (electronic business) in current years has influenced a large number of business organizations. In fact, e-commerce is believed to the most important and attractive internet supported ideas appeared in the recent times. In this scenario, electronic commerce engages carrying out business over the web with the help of computers that are connected to each other in order to form a network. In simple words, ecommerce deals with selling and buying products and services and transferring funds by making use of digital communications (EcommerceEducation, 2007; Hendershot, 2013). In addition, both the trends e-commerce and e-business are used interchangeably. However, e-business is about the development of businesse s which can be run on the Internet, or using Internet systems and technologies to enhance the profitability or productivity of a company. In other words, this term can be employed to explain some structure of electronic business: that is to say, a business that makes use of a computer. This practice is somewhat out-of-date, though, and in most of the cases e-business refers completely to an Internet based business. In addition, both the trends e-commerce and e-business are used interchangeably.  ... a business which offers and sells products and services online, an e-business allows a firm to get access to a huge customer base than some customary brick-and-mortar store could ever expect for. Additionally, e-commerce is believed to be a significant component of e-business. Moreover, e-business can as well make use of the Internet to obtain wholesale products or supplies intended for in-house manufacturing. This side of e-business is occasionally recognized as online or e-procurement, as well as provides the businesses an excellent opportunity to reduce their costs radically. However, the majority of e-businesses that work without an electronic business platform at the present utilize e-procurement as a key mechanism to effectively track and run their purchasing (McGuigan, 2013). This report presents an analysis of e-business in the context of Galaxy Electronic Inc. business, which is a main supplier of power management solutions and mobile electronic devices (for example PDAs, mo bile phones, digital cameras, etc.). In light of the benefits offered by the internet to business organizations the management of Galaxy Electronic Inc. has decided to establish a web based business and information portal. The basic purpose of this e-business implementation is to improve the business capabilities and take competitive edge in the market. This report presents a detailed analysis of this implementation process. This report outlines the ways this e-business platform will bring benefits and opportunities of the business. 2- Business Background Galaxy Electronic Inc. is a well-known business in electronic industry. It presents a wide range of modern electronic devices. As well, visual and audio products developed by Galaxy Electronic Inc. offer customers excellent alternatives