The Internet is now a valuable capability that allows small and medium businesses an opportunity to service local market better and reach a global client base. It is estimated that in year 2006 90% of small businesses in Australia were connected to the Internet.
What is eBusiness
Electronic business describes the use of the internet to conduct business both internally and externally. The term is much broader than electronic commerce (eCommerce) because it includes business activities such as marketing, support, research, communications and collaboration with various groups related to a business entity.
eBusiness Types
B2C - business to consumer
B2B - business to business
B2G - business to government
eBusiness Benefits
Reduced Costs: reduced labour, reduced paper, reduced data entry errors
Reduced Time: shorter lead times, faster delivery of product
Flexibility with Efficiency: the ability to handle complex situations, product ranges and customer profiles
Enhanced Relationships: improved communication between trading partners leads to enhanced long-term relationships
Lock in Customers: streamlined, automated business practices between you and your customer will make it more difficult for a competitor to muscle in
New Markets: the Internet has the potential to expand your business into wider geographical locations
eBusiness for Small and Medum Companies
