Difference between E-Commerce and E-Business
- Definition E-Commerce and E-Business
Definition of E-Commerce: E-Commerce is an abbreviation of electronic commerce where any transaction is executed over the internet. It caters for buying and selling of products and services. These transactions activities essentially involve monetary transactions are termed as “e-commerce”.
Definition of E-Business: E-Business is an abbreviation of electronic business that includes e-commerce transactions as well as online execution of internal business processes like management of production, inventory, risk, finance etc. It is a broader and more complex strategy that focuses on efficiency and cost savings.
- Difference between E-Commerce and E-Business
E-Commerce covers only the outward facing operations i.e. online buying and selling of goods and services that include order receiving, dealing, delivering and paying. It is an interactive commercial transaction where a buyer can communicate with the seller and vice versa without having to personally meet. The e-commerce strategy aims at understanding consumer behaviour that help them provide reliable, functional and user-friendly services. It’s a new business model that offers convenience of shopping in a better way. It has transformed brick and mortar businesses toclick and mortar businesses (those businesses that have both an online and offline presence). E-commerce is a narrower discipline of e-business.
E-Business has emerged as a mainstream solution for many businesses. It focuses on the business as a whole and is not restricted to commercial transactions. It involves streamlined and automated construction and maintenance of business processes across production, development, corporate infrastructure and product management. With internal and external connectivity through internet or intranet or extranet, an e-business strategy aims at reducing operating costs to increase productivity and improve bottom line. It enables better responsiveness to customer needs, transparent communication with businesses and improved vendor relations.
Great Job. Overall, your article is already very good and informative, but i think it would be better if you divide the big paragraphs into smaller paragraphs so it can easily be read. Other than that, it think it's already very interesting. Keep up the good work guys!
ReplyDeleteGood article! I have one question. So in your opinion, which one is more complex in implementation, E-business or E-commerce? And please provide the reasons and explanation. Thank you, keep up the good work.
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