Schneider’s definition of E Business

Richard Rinaldo Konggoasa, 2301884141

Schneider’s work was the basis for this (2017) E-business activities include not only the purchase, sale, transfer, or exchange of goods, services, or information, but also all of the activities that support these activities, such as e-marketing, e-supply chain management, and e-customer relationship management. E-business is a new revolution in which the willingness to take the initiative is required in order to fully leverage the potential of Internet technology in a particular company context. An effort of this kind has developed the core qualities of the company, which gives it a significant competitive edge over its rivals in the market. In this article, a technique for the growth of e-business is offered that is based on the study of value creation, rewarding or providing promotions for consumers in order to generate a strong trust between the firm and the customers, as well as knowledge management, among other things. Electronic commerce is the new revolution for businesses, not only for the purpose of gaining a competitive edge over their rivals but also in order to enhance their overall sales and productivity as well. The fast advancement of technology has had an impact on the way businesses conduct their online operations, regardless of whether they are selling items or providing services. Improving security and privacy for customers, rewarding customers based on the amount they purchase or their consistent purchase of the products every month, and offering discounts or promotions to customers in order to encourage them to purchase large quantities of the company’s products are all examples of creating value for each customer while also strengthening trust between customers and companies. It is also critical for the development of a successful business that the current information and production of new knowledge of the firm is used to position the company advantageously in their chosen market in order to achieve improved efficiency and productivity. It is possible to obtain business from clients who spend a significant amount of time on the Internet by engaging in ebusiness. Ebusiness has a good influence on the environment as compared to old conventional enterprises that need big amounts of capital to create their business activities, such as constructing and designing, which have a negative impact. Companies who are prepared to adapt and turn the old market channels into a virtual market would benefit from the emergence of e-business. E-commerce has fundamentally altered the way the vast majority of people purchase, as well as the way most companies operate on a day-to-day basis in the modern world.
For the most part, e-business provides numerous benefits to businesses, such as increasing demand for their products and increasing productivity, both of which will automatically increase the profitability of their operations; successful development in e-business may lead to the establishment of successful businesses. Customers’ loyalty to a certain product would be ensured by the creation of value, the development of strong trust, and the provision of rewards. Knowledge management is the process of creating new knowledge in order to attain a high degree of efficiency and effectiveness in an organization. It is a very visible presence in the efforts of organizations to develop and maintain successful strategies. Understanding knowledge management refers to the activities of a corporation that aim to achieve a collaborative combination of the data and information processing capacity of information technology, as well as the potential for creativity and innovation of humans. Finally, e-business has an influence on the environment by assisting in the reduction of pollution, the reduction of excessive building growth, and the advancement of a paperless society. This may raise a significant amount of awareness about the need of protecting our environment among those who want to spend huge sums of money on investments such as the construction of new stores or factories.

References

Gary P. Schneider, P. C. (2011). Electronic Commerce Ninth Edition. Cource Technology Cengage Learning.

Gary P. Schneider, P. C. (2017). E Business Interntional Edition. Cource Technology Cengage Learning.