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E-business model: An Overview

Mr. Sarwade chetan w.

Information technology has revolutionized the way business is conducted. IT plays a major role in the
effective running of business. E-business is derived from "e-mail" and "e-commerce," and is the conduct
of business on the Internet, not only buying and selling but also servicing customers and collaborating
with business partners. It was firstly used by IBM, in October, 1997, and also launched a thematic
campaign built around the term. Companies are using the Web to buy parts and supplies from other
companies, to find new avenues for their growth. Exploiting the convenience, availability, and world-wide
reach of the Internet, companies, are trying to discover how to use the Internet successfully. e-business is
what happens when you connect your critical business systems directly to customers, employees, vendors
and suppliers - via intranets, extranets and over the Web. Combining the resources of traditional
information systems with the vast reach of the Web.