Comparison Between E-Business and Traditional Business

INTRODUCTION Electronic Business (E-Business) is a perplexing practice due to the numerous aspects it involves. In today’s rapidly changing environment, organizations adopt E-Business to respond to several business drivers. The progressions of the macro-environments are creating innovative business environments, in which E-Business is considered a normal practice. This paper attempts to model the business environment and evaluate its competitive characteristics by comparing the traditional business with E-Business. Kreplin. K, et al (2000), identified â€Å"Reality† and â€Å"Virtuality† terms; these terms differentiates traditional business from E-Business. According to Kreplin. K, et al (2000), E-Business is based on a virtual (digital)†¦show more content†¦An article written by Henricks.M (2006) explains that the time zone differences will cause a lot of difficulty in terms of decision making, planning shipment, organizing logistics and more. As opposed to E-business, E-business have online softwares that enables smooth communication through digital platforms regardless of time zone differences. For E-business entrepreneurs, the first challenge here is the difficulty to obtain capital large enough for any ventures. This includes the research and development needed for the product. In the report â€Å"Managing Worldwide operations amp; Communications with Information Technology† (2007), it was highlighted that many venture capitalist will incur higher risk with large sums of capital. This is because there is high uncertainty of success for entrepreneurs to compete in an open market environment. In addition, another factor arises which is also known to be labour market exuberance. This is described as an irrational competition that arose with the increasing need of technical skills (e.g. software programming). Therefore, firms will likely experience a short supply of skilled workers (Wright.P amp; Lee.D , 2000). POLITICAL amp; LEGAL CHALLENGES In the area of political and legal, there is a major concern of the country’s policy for traditional businesses. Entrepreneurs need to abide by both the local and the other country’s laws and regulations while selecting to export goodsShow MoreRelatedE Commerce, B2b And B2c1301 Words   |  6 PagesIntroduces the E-commerce, B2B and B2C 1. E-commerce E-commerce stands for Electronic commerce and it is the process of buying, selling or exchanging products, service or information across the Internet. E-commerce not only buying and selling of products and service, but also servicing customer, collaborating with business partners, and conducting electronic transactions within an organisation. 2. B2B e-commerce B2B stands for Business-to-Business, which is the transactions between businesses suchRead MoreE-Procurement Tools1518 Words   |  7 Pagesnumber of E-procurement tools that could be distinguished in the marketplace (de Boer et al., 2001). 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