Xenatus Global :: Industries

eBUSINESS

In practice, e-business is more than just e-commerce. While e-business refers to more strategic focus with an emphasis on the functions that traspire utilizing electronic capabilities, e-commerce is a subset of an overall e-business strategy. E-commerce seeks to add revenue streams using the World Wide Web or the Internet to build and enhance relationships with clients and partners and to improve efficiency.

E-business involves business processes spanning the entire value chain: electronic purchasing and supply chain management, processing orders electronically, handling customer service, and cooperating with business partners. Special technical standards for e-business facilitate the exchange of data between companies. E-business software solutions allow the integration of intra and inter firm business processes. E-business can be conducted using the Web, the Internet, intranets, extranets, or some combination of these.

The 10 Driving Principles and Benefits of E-business include:

VALUE. Value rises exponentially with market share. The network effect is even more dramatic for products that help establish a platform or a standard
EFFICIENCY. “Infomediaries” are replacing intermediaries
TRANSACTIONS. The information component of any good/service is a growing part of its overall value -- one-to-one customization is expected
IMPULSE. The impulse to buy is no longer separated by physical geography and availability-- consequently the processes for marketing, sales, and fulfillment are merging
ASSETS. People and their brainpower is the greatest asset-- methods of attracting and retaining them are changing dramatically
SPEED. Time is collapsing-- instant interactivity is critical and is breeding accelerated change
MARKETS. Buyers are gaining new power. Sellers are gaining new opportunity
KNOWLEDGE. Moving information is more powerful than moving physical products
SPACE. Geography no longer determines who can compete with whom; your customers are worldwide AND your competition is worldwide
GROWTH. Growth is accelerated by the network principle; first-mover advantages are greater than ever before

Xenatus Global can help your business adapt an e-business approach, model and solution in every way.