Understanding the two concepts
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by: Arnold C
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Word Count: 505
The world has really become an amazing place to live. Things have really become more sophisticated with different technological revolutions. With the introduction of computer, people have become able to do some of the trickiest task in a matter of few minutes.
Along with computers, internet has brought some outstanding changes that have created some amazing impacts over the life of an average person. People can get online to learn everything about anything and that is the best thing about internet that it has helped man to save a lot of his time. Time management has really become easier with the arrival of internet.
However, the impacts of internet can be seen in other ways as well. Shopping is one of the premier benefits of internet which is fast becoming popular. So, transference of information and business transactions are the two basic benefits that can really be seen without much ado. All these things have given rise to e-business and e-commerce.
E-commerce:
When you make a website design to publish it online to get in touch with customers and suppliers then you will be working as a part of e-commerce. Simply put, when you bring your businesses online, it is known as Electronic Commerce or e-commerce. Banking, stock trading, auctions and other such businesses are included in e-commerce. You can say that E-commerce is the way to deal with outside world through an electronic medium which in most cases will be internet.
E-Business
There are lots of people who believe that e-business and e-commerce are two names for same concept. However, it certainly isn’t true as there are few basic differences that make it easy to differentiate between the both terms. However, both of these terms will use an electronic medium which is the basic similarity between the both.
- E-commerce is basically related to outside world or external processes. However, e-business is something that also deals with internal processes.
- E-commerce is all about dealing with customers and other suppliers which may be located in any part of the world. On the other hand, e-business deals with internal production, management, finance and other related processes.
- E-commerce is actually a part of e-business.
- E-commerce will always involve money, but, it is not obligatory for e-business to be a money related issue as it sometimes deals with the transference of information from one department to another.
- E-commerce strategies are considered to be relatively easier as compared to e-business where strategies will be more complicated. It is because of the reason that e-business strategies also consider the e-commerce strategies as a part of it. However, basic emphasis of e-business strategies will always be on improving the internal processes.
So, you must have acquired some idea that e-business and e-commerce have some distinction in them and both of them have something different to deal with.
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