BENEFITS OF E-BUSINESS
There are 3 target subjects which can get most of the benefits from e-business. They are:
Organisations
The benefits for organisations are as follow:
Reducing the initial expenses when staring up a new business.
E-business decreases the cost of creating, processing, distributing, storing, and retrieving paper-based information.
Pull-type processing allows for inexpensive customization of products and services and provides a competitive advantage for companies who implement this strategy.
Increasing profits for organisations.
Reducing the time between the outlay of capital and the receipt of products and services.
Lowering comunication costs.
Allowing company interact closer with customers, even if through intermediaries.
Lowering geographical barriers.
Other benefits include improved corporate image, improved customer service, new business partners.
Consumers
E-commerce allows consumers shop or perform other transactions year round 24 hours, and at any location.
E-commerce gives consumers more choice with more supplier and more products.
prodviding consumers with less expensive products and services by allowing them to shop in many palces and conduct quick comparison.
Consumers can locate and identify relevent products in a couple of minutes instead of days, nights.
consumers contact with other customers electronically.
Allowing seller to sell things quickly and buyers to locate collectors' items and bargain.
Society
More individuals work at home, doing shopping at home, less travel leads to less traffic jam.
Increasing people's standard of living because som merchanside can be sold at lower prices.
People in third worlds or rural area have chance to enjoy the products and services that otherwise are unavailable.
Public services, such as healthh care, education, and distribution can be reduced at a lower price.
Reference list:
Turban, E, King, D, Lee, J, Warkentin, M and Chung, H, M, 2002, 'Benefits and limitations', Electronic Commerce 2002: A managerial Perspective, PEARSON EDUCATION, New Jersey, U.S.A, pp. 25-27
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