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How important is the e-business in today's world and how do you think it effects decision making in business?

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Introduction

How important is the e-business in today's world and how do you think it effects decision making in business? In today's world e-business is extremely important for many reasons. Some of which is due to the fact it can speed the whole process of ordering etc. up. This then means that the lead time can be decreased because the ordering of products can be done much more quickly, particularly because the Internet is a fast running wide area network. However, despite this, the question should be asked, what does e-business mean? E-business actually means: Better procurement and supply chain, making sales teams more effective, the ability to outsource functions such as accounting, remote access to systems, linking management teams in different locations, being able to locate the lowest cost supplier, improve customer services, improved collection of customer information for databases and more effective management of remote manufacturing sites. ...read more.

Middle

However, in order to purchase goods/products over the Internet the company needs to have a web site which can be easily accessed, because without this, transactions between two people will not be able to take place. Both companies also have to have the Internet to be able to do this so they can both connect and share the order and send reply's etc to let them know that the order has been accepted and processed. Other advantages of using the Internet for business, could be with regards to using applications and features such as email, which is great because it is a quick and cheap way of sending information, combined with the ability to attach files and send them onto another user. However, despite having many advantages of the Internet, there are, unfortunately disadvantages too. ...read more.

Conclusion

of this information and use them for themselves which would leave the company with a huge bill to pay, which would not be good for the budgets etc. In conclusion, e-business over the Internet is a good thing for companies, even though there are a few disadvantages, but I feel that the advantages out weigh this, mainly because it can allow business's work quicker and smoother, yet at the same time, at a cheaper cost because it is generally cheaper than a phone call or even an actual meeting especially if dealing with a country outside of the EU, e.g. USA. The Internet also allows the company to search for the best possible deal for them with regards to cost and quality of the product/resources they are trying to get hold of. This therefore means than decisions can be made more quickly, and at the same time for the best of the company. Andrew Pitcher ...read more.

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